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प्रश्न
For the following transactions, show the effect on the accounting equation.
- Raj started business with cash - ₹ 40,000
- Opened bank account with a deposit of - ₹ 30,000
- Bought goods from Hari on credit for - ₹ 12,000
- Raj withdrew cash for personal use - ₹ 1,000
- Bought furniture by using debit card for - ₹ 10,000
- Sold goods to Murugan and cash received - ₹ 6,000
- Money withdrawn from bank for office use - ₹ 1,000
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उत्तर
| Transaction | Assets | Capital ₹ | Creditors ₹ | |||||
| Cash ₹ | Stock ₹ | Furniture ₹ | Debtors ₹ | Bank ₹ | ||||
| a. Raj started business with cash | + 40,000 | + 40,000 | ||||||
| Equation | + 40,000 | + 30,000 | = | + 40,000 | ||||
| b. Opened bank account | − 30,000 | + 30,000 | = | + 40,000 | ||||
| Equation | + 10,000 | + 30,000 | = | + 40,000 | ||||
| c. Bought goods from Hari on credit | + 12,000 | + 12,000 | ||||||
| Equation | + 10,000 | + 12,000 | + 30,000 | = | + 40,000 | + 12,000 | ||
| d. Raj withdrew cash for personal use | − 1,000 | − 1,000 | ||||||
| Equation | + 9,000 | + 12,000 | + 30,000 | = | + 39,000 | + 12,000 | ||
| e. Bought furniture by using debit card for | + 10,000 | − 10,000 | ||||||
| Equation | + 9,000 | + 12,000 | + 10,000 | + 20,000 | = | + 39,000 | + 12,000 | |
| f. Sold goods to Murugan for cash | + 6,000 | − 6,000 | ||||||
| Equation | + 15,000 | + 6,000 | + 10,000 | + 20,000 | = | + 39,000 | + 12,000 | |
| g. Money withdrawn from bank for office use | + 1,000 | − 1,000 | ||||||
| Equation | + 16,000 | + 6,000 | + 10,000 | + 19,000 | = | + 39,000 | + 12,000 | |
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संबंधित प्रश्न
Accounting equation signifies ___________.
‘Cash withdrawn by the proprietor from the business for his personal use’ causes ____________.
A firm has assets of ₹ 1,00,000 and the external liabilities of ₹ 60,000. Its capital would be ___________.
Which one of the following is representative personal account?
How are personal accounts classified?
Write a brief note on accounting equation approach of recording transactions.
What are the three different types of personal accounts?
Complete the accounting equation.
Assets = Capital + Creditors
? = ₹ 1, 60,000 + ₹ 80,000
What will be the effect of the following on the accounting equation?
- Sunil started business with ₹ 1,40,000 cash and goods worth ₹ 60,000
- Purchased furniture worth ₹ 20,000 by cash
- Depreciation on furniture ₹ 800
- Deposited into bank ₹ 40,000
- Paid electricity charges through net banking ₹ 500
- Sold goods to Ravi costing ₹ 10,000 for ₹ 15,000
- Goods returned by Ravi ₹ 7,500 (costing ₹ 5,000)
Create an accounting equation on the basis of the following transactions:
- Rakesh started business with a capital of ₹ 1,50,000
- Deposited money with the bank ₹ 80,000
- Purchased goods from Mahesh and paid through debit card ₹ 25,000
- Sold goods (costing ₹ 10,000) to Mohan for ₹ 14,000 who pays through debit card
- Commission received by cheque and deposited the same in the bank ₹ 2,000
- Paid office rent through ECS ₹ 6,000
- Sold goods to Raman for ₹ 15,000 of which ₹ 5,000 was received at once
