Advertisements
Advertisements
प्रश्न
Transactions of M/s Vipin Traders are given below.
Show the effects on Assets, Liabilities and Capital with the help of accounting Equation:
| (a) | Business started with cash | ₹ 1,25,000 |
| (b) | Purchased goods for cash | ₹ 50,000 |
| (c) | Purchase furniture from R.K. Furniture | ₹ 10,000 |
| (d) | Sold goods to Parul Traders (Costing ₹ 7,000 vide bill no. 567) | ₹ 9,000 |
| (e) | Paid cartage | ₹ 100 |
| (f) | Cash Paid to R.K. furniture in full settlement | ₹ 9,700 |
| (g) | Cash sales (costing ₹ 10,000) | ₹ 12,000 |
| (h) | Rent received | ₹ 4,000 |
| (i) | Cash withdrew for personal use | ₹ 3,000 |
तक्ता
Advertisements
उत्तर
| S.No. | Explanation | Assets | = | Liabilities | + | Capital | ||||||
| Cash | + | Stock | + | Furniture | + | Debtors | Creditors | |||||
| (a) | Increase in cash | 1.25.000 | ||||||||||
| Increase in capital | 1,25,000 | |||||||||||
| 1,25,000 | + | = | NIL | + | 1,25,000 | |||||||
| (b) | Increase in stock | 50,000 | ||||||||||
| Decrease in cash | (50,000) | = | ||||||||||
| 75,000 | + | 50,000 | = | NIL | + | 1,25,000 | ||||||
| (c) | Increase in furniture | 10,000 | = | |||||||||
| Increase in creditors | = | 10,000 | ||||||||||
| 75,000 | + | 50,000 | + | 10,000 | = | 10,000 | + | 1,25,000 | ||||
| (d) | Increase in debtors | 9,000 | ||||||||||
| Decrease in stock | (7,000) | |||||||||||
| Increase in capital (Profit) | 2,000 | |||||||||||
| 75,000 | + | 43,000 | + | 10,000 | + | 9,000 | = | 10,000 | + | 1,27,000 | ||
| (e) | Decrease in capital (Cartage Expenses) | (100) | ||||||||||
| Decrease in cash | (100) | |||||||||||
| 74,900 | + | 43,000 | + | 10,000 | + | 9,000 | = | 10,000 | + | 1,26,900 | ||
| (f) | Decreases n creditors | = | (10,000) | |||||||||
| Decrease in cash | (9,700) | |||||||||||
| Increase in capital (Discount received) | 300 | |||||||||||
| 65,200 | + | 43,000 | + | 10,000 | + | 9,000 | = | NIL | + | 1,27,200 | ||
| (g) | Increase in cash | 12,000 | ||||||||||
| Decrease in stock | (10,000) | |||||||||||
| Increase in capital (Profit) | 2,000 | |||||||||||
| 77,200 | + | 33,000 | + | 10,000 | + | 9,000 | = | NIL | + | 1,29,200 | ||
| (h) | Increase in cash | 4,000 | ||||||||||
| Increase in capital (Income) | 4,000 | |||||||||||
| 81,200 | + | 33,000 | + | 10,000 | + | 9,000 | = | NIL | + | 1,33,200 | ||
| (i) | Decrease in capital | (3,000) | ||||||||||
| Decrease in cash | (3,000) | |||||||||||
| 78,200 | + | 33,000 | + | 10,000 | + | 9,000 | = | NIL | + | 1,30,200 | ||
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
