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For the following transactions, show the effect on the accounting equation. Raj started business with cash - ₹ 40,000 - Accountancy

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प्रश्न

For the following transactions, show the effect on the accounting equation.

  1. Raj started business with cash - ₹ 40,000
  2. Opened bank account with a deposit of - ₹ 30,000
  3. Bought goods from Hari on credit for - ₹ 12,000
  4. Raj withdrew cash for personal use - ₹ 1,000
  5. Bought furniture by using debit card for - ₹ 10,000
  6. Sold goods to Murugan and cash received - ₹ 6,000
  7. Money withdrawn from bank for office use - ₹ 1,000
खाता बही

उत्तर

Transaction Assets   Capital ₹ Creditors ₹
Cash ₹ Stock ₹ Furniture ₹ Debtors ₹ Bank ₹  
a. Raj started business with cash + 40,000           + 40,000  
Equation + 40,000       + 30,000 = + 40,000  
b. Opened bank account − 30,000       + 30,000 = + 40,000  
Equation + 10,000       + 30,000 = + 40,000  
c. Bought goods from Hari on credit   + 12,000           + 12,000
Equation + 10,000 + 12,000     + 30,000 = + 40,000 + 12,000
d. Raj withdrew cash for personal use − 1,000           − 1,000  
Equation + 9,000 + 12,000     + 30,000 = + 39,000 + 12,000
e. Bought furniture by using debit card for     + 10,000   − 10,000      
Equation + 9,000 + 12,000 + 10,000   + 20,000 = + 39,000 + 12,000
f. Sold goods to Murugan for cash + 6,000 − 6,000            
Equation + 15,000 + 6,000 + 10,000   + 20,000 = + 39,000 + 12,000
g. Money withdrawn from bank for office use  + 1,000       − 1,000      
Equation + 16,000 + 6,000 + 10,000   + 19,000 = + 39,000 + 12,000
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Approaches of Recording Transactions
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अध्याय 3: Books of Prime Entry - Exercises [पृष्ठ ५९]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
अध्याय 3 Books of Prime Entry
Exercises | Q IV 2. | पृष्ठ ५९
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