Show the effect of the following transactions on assets, liabilities and capital using the Accounting Equation. Also prepare a Balance Sheet.
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Prove that the Accounting Equation is satisfied in all the following transactions of Suresh. Also prepare a Balance Sheet.
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Started business with cash ₹ 1,00,000 and Goods ₹ 20,000 Prepare Accounting Equation from the following
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Harish Started business with cash ₹ 18,000 What will be the effect of the following on the Accounting Equation?
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Started business with cash ₹ 50,000 Show the effect of the following transactions on the Accounting Equation:
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Gopinath Started business with cash ₹ 25,000: Show the Accounting Equation on the basis of the following transactions
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Pranav started business on 1st April, 2021 with capital of ₹ 5,50,000. On 31st March, 2022 his total assets were ₹ 10,75,000 and liabilities were ₹ 2,92,500
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Calculate the amount of External Equities as on 31st March, 2022 in the following cases: On 31st March, 2022, total assets and capital were ₹ 15,00,000
Solution:- Case – 2 Case – 3
Mohan started a business on 1st April, 2021 with a capital of ₹ 25,000 and a loan of ₹ 12,500 borrowed from Shyam
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On 31st March, 2022, the total assets and external liabilities were ₹ 2,00,000 and ₹ 6,000 respectively
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