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Complete the following Accounting equation table.
| Transaction | Assets (₹) | = | Liabilities (₹) | + | Capital (₹) |
| 1. Started business with Cash ₹ 50,000 | ? | = | ? | + | 50,000 |
| 2. Purchased goods of ₹ 10,000 | ? | = | ? | + | ? |
| 3. Goods stolen ₹ 1,000 | ? | = | ? | + | ? |
| 4. Sold goods for cash ₹ 5,000 | ? | = | ? | + | ? |
| 5. Loan taken from Bank ₹ 7,000 | ? | = | ? | + | ? |
Concept: undefined >> undefined
Complete the following Accounting equation table.
| Transaction | Assets (₹) | = | Liabilities (₹) | + | Capital (₹) |
| 1. Started business with Cash ₹ 50,000 | ? | = | ? | + | 50,000 |
| 2. Purchased goods of ₹ 10,000 | ? | = | ? | + | ? |
| 3. Goods stolen ₹ 1,000 | ? | = | ? | + | ? |
| 4. Sold goods for cash ₹ 5,000 | ? | = | ? | + | ? |
| 5. Loan taken from Bank ₹ 7,000 | ? | = | ? | + | ? |
Concept: undefined >> undefined
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Complete the following Accounting equation table.
| Sr. No. | Transaction | Assets (₹) | = | Liabilities (₹) | + | Capital (₹) |
| 1. | Started business with Cash ₹ 50,000 | ? | = | ? | + | 50,000 |
| 2. | Purchased goods of ₹ 10,000 | ? | = | ? | + | ? |
| 3 | Goods stolen ₹ 1,000 | ? | = | ? | + | ? |
| 4. | Sold goods for cash ₹ 5,000 | ? | = | ? | + | ? |
| 5. | Loan taken from Bank ₹ 7,000 | ? | = | ? | + | ? |
Concept: undefined >> undefined
Complete the following Accounting equation table.
| Transaction | Assets (₹) | = | Liabilities (₹) | + | Capital (₹) | |
| 1. | Started business with Cash ₹50,000 | ? | = | ? | + | 50,000 |
| 2. | Purchased goods of ₹10,000 | ? | = | ? | + | ? |
| 3. | Goods stolen ₹1,000 | ? | = | ? | + | ? |
| 4. | Sold goods for cash ₹5,000 | ? | = | ? | + | ? |
| 5. | Loan taken from Bank ₹7,000 | ? | = | ? | + | ? |
Concept: undefined >> undefined
Complete the following Accounting equation table.
| Transaction | Assets (₹) | = | Liabilities (₹) | + | Capital (₹) |
| 1. Started business with Cash ₹ 50,000 | ? | = | ? | + | 50,000 |
| 2. Purchased goods of ₹ 10,000 | ? | = | ? | + | ? |
| 3. Goods stolen ₹ 1,000 | ? | = | ? | + | ? |
| 4. Sold goods for cash ₹ 5,000 | ? | = | ? | + | ? |
| 5. Loan taken from Bank ₹ 7,000 | ? | = | ? | + | ? |
Concept: undefined >> undefined
Complete the following Accounting equation table.
| Transaction | Assets (₹) | = | Liabilities (₹) | + | Capital (₹) |
| 1. Started business with Cash ₹ 50,000 | ? | = | ? | + | 50,000 |
| 2. Purchased goods of ₹ 10,000 | ? | = | ? | + | ? |
| 3. Goods stolen ₹ 1,000 | ? | = | ? | + | ? |
| 4. Sold goods for cash ₹ 5,000 | ? | = | ? | + | ? |
| 5. Loan taken from Bank ₹ 7,000 | ? | = | ? | + | ? |
Concept: undefined >> undefined
Complete the following Accounting equation table.
| Transaction | Assets (₹) | = | Liabilities (₹) | + | Capital (₹) |
| 1. Started business with Cash ₹ 50,000 | ? | = | ? | + | 50,000 |
| 2. Purchased goods of ₹ 10,000 | ? | = | ? | + | ? |
| 3. Goods stolen ₹ 1,000 | ? | = | ? | + | ? |
| 4. Sold goods for cash ₹ 5,000 | ? | = | ? | + | ? |
| 5. Loan taken from Bank ₹ 7,000 | ? | = | ? | + | ? |
Concept: undefined >> undefined
Answer the following question in one sentence:
Which transactions are recorded in Purchase Book?
Concept: undefined >> undefined
Give word/term or phrase for the following statement:
Subsidiary book in which only credit purchases of goods is recorded.
Concept: undefined >> undefined
State whether the following statement is True or False with reasons:
Cash and credit purchases are entered in Purchase Book.
Concept: undefined >> undefined
Do you agree with the following statement:
Credit purchase of machinery is entered in Purchase Journal.
Concept: undefined >> undefined
Complete the following sentence:
Return of goods purchased on credit to the suppliers will be entered in ______ Journal.
Concept: undefined >> undefined
Complete the following sentence:
Credit purchases of goods are recorded in ______
Concept: undefined >> undefined
Complete the following sentence:
In Purchase Book goods purchased on ______ are recorded.
Concept: undefined >> undefined
Correct the following sentence and rewrite the same:
Cash purchases of goods are recorded in Purchase book.
Concept: undefined >> undefined
Cash purchases for ₹ 1,60,000 at 10% T.D. and 5% C.D. What is the amount of Net purchases?
Concept: undefined >> undefined
Purchased goods from Harish for ₹ 12,000 @ 7% T.D. What is the amount of Trade discount?
Concept: undefined >> undefined
| Cash Purchases | Credit purchases | Purchase Return | Net Purchases | |||
| 35,000 | + | 55,000 | - | ? | = | 88,000 |
Concept: undefined >> undefined
| Cash Purchases | Credit purchases | Trade discount | Net Purchases | |||
| 70,000 | + | ? | - | 18,000 | = | 1,62,000 |
Concept: undefined >> undefined
| Cash Purchases | Credit purchases | Total Purchases | Total Creditors | |||
| 80,000 | + | ? | - | 1,90,000 | = | 1,10,000 |
Concept: undefined >> undefined
