Show an Accounting Equation on the basis of the following transactions: Sunil Started business with cash ₹ 1,50,000 Opened a Bank Account by depositing ₹ 25,000 out of cash
Show an Accounting Equation on the basis of the following transactions:
[Assets: ₹ 2,29,600 = Liabilities: ₹ 51,500 + Capital: ₹ 1,78,100.]
| i) Sunil Started business with cash | ₹ 1,50,000 |
| ii) Opened a Bank Account by depositing ₹ 25,000 out of cash | |
| iii) He sold his personal car for ₹ 50,000 and deposited the amount in the firm’s Bank Account | |
| iv) He purchased a building and furniture for | 1,00,000 |
| v) He pruchased goods from Ram on credit | 50,000 |
| vi) He paid cartage | 500 |
| vii) He sold to Shyam on credit goods costing ₹ 6,000 for | 9,000 |
| viii) Received rent from tenants | 1,000 |
| ix) Received security deposit from tenants | 1,500 |
| x) Purchased stationery for cash | 100 |
| xi) Invested in Shares (personal) | 50,000 |
| xii) Received interest in cash | 200 |
| xiii) Introduced fresh capital | 25,000 |
| xiv) Goods destriyed by fire | 500 |
Anurag Pathak Changed status to publish September 16, 2023
