Show the accounting equation on the basis of the following transactions and also show the Balance Sheet. Started business with Cash ₹ 60,000 and Goods ₹ 30,000
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Prove that the accounting equation is satisfied in the following transactions Brij Mohan Commenced business with cash ₹ 1,00,000
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Show the accounting equation on the basis of the following transactions and present a Balance Sheet of the last new equation balance
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Prepare accounting equation from the following. Started business with cash ₹ 50,000 and goods ₹ 30,000
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Prepare Accounting Equation on the basis of the following transactions. Started business with cash ₹ 70,000
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From the following particulars, prepare the Proprietor’s Capital A/c. Started business with ₹ 45,000
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Put the following on the proper side of Cash account, Debtor’s account and Creditor’s account Sold goods for cash ₹ 60,000
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Open T share account of our creditor ‘Raghubir’ and write the following transactions on the proper side
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Open T shape account for Machinery and write the following on the proper side. Machinery purchased for ₹ 5,00,000
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From the following transactions, state the nature of accounts and state the accounts which will be debited and credited
Solution:- Solution:- S.N Account ₹ Nature Dr. 1 Cash A/c Capital A/c 2,00,000 2,00,000 Asset Capital Debit Credit 2 Purchases A/c Cash A/c 60,000 60,000 Expenses Asset Debit Credit 3 Cash A/c Sales A/c 75,000 75,000 Asset Revenue Debit Credit…