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प्रश्न
Prepare accounting equation for the following transactions.
- Murugan commenced business with cash ₹ 80,000
- Purchased goods for cash ₹ 30,000
- Paid salaries by cash ₹ 5,000
- Bought goods from Kumar for ₹ 5,000 and deposited the money in CDM.
- Introduced additional capital of ₹ 10,000
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उत्तर
| Transaction | Assets | Capital ₹ | Creditors ₹ | |||||
| Cash ₹ | + Stock ₹ | + Furniture ₹ | + Debtors ₹ | + Bank ₹ | ||||
| a. Murugan commenced business with cash | + 80,000 | + 80,000 | ||||||
| Equation | + 80,000 | = | + 80,000 | |||||
| b. Cash purchases | − 30,000 | + 30,000 | = | + 80,000 | ||||
| Equation | + 50,000 | + 30,000 | = | + 80,000 | ||||
| c. Paid salary in cash | − 5,000 | − 5,000 | ||||||
| Equation | + 45,000 | + 30,000 | = | + 75,000 | ||||
| d. Credit paid from Kumar and deposited in bank CDM | + 5,000 | − 5,000 | ||||||
| Equation | + 45,000 | + 35,000 | − 5,000 | = | + 75,000 | |||
| e. Introduced additional capital | + 10,000 | + 10,000 | ||||||
| Equation | + 55,000 | + 35,000 | − 5,000 | = | + 85,000 | |||
APPEARS IN
संबंधित प्रश्न
‘Cash withdrawn by the proprietor from the business for his personal use’ causes ____________.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 ___________.
Real account deals with ____________.
Which one of the following is representative personal account?
Write any one transaction which increases one asset and decreases another asset
How are personal accounts classified?
Classify the accounts with suitable examples.
Complete the accounting equation.
Assets = Capital + Liabilities
₹ 1,00,000 = ₹ 80,000 + ?
Complete the accounting equation.
Assets = Capital + Creditors
? = ₹ 1, 60,000 + ₹ 80,000
Create an accounting equation on the basis of the following transactions:
- Started business with cash ₹ 80,000 and goods ₹ 75,000
- Sold goods to Shanmugam on credit for ₹ 50,000
- Received cash from Shanmugam in full settlement ₹ 49,000
- Salary outstanding ₹ 3,000
- Goods costing ₹ 1,000 given as charity
- Insurance premium paid ₹ 3000
- Out of insurance premium paid, prepaid is ₹ 500
