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प्रश्न
Prepare accounting equation for the following transactions.
- Murugan commenced business with cash ₹ 80,000
- Purchased goods for cash ₹ 30,000
- Paid salaries by cash ₹ 5,000
- Bought goods from Kumar for ₹ 5,000 and deposited the money in CDM.
- Introduced additional capital of ₹ 10,000
खाता बही
उत्तर
| Transaction | Assets | Capital ₹ | Creditors ₹ | |||||
| Cash ₹ | + Stock ₹ | + Furniture ₹ | + Debtors ₹ | + Bank ₹ | ||||
| a. Murugan commenced business with cash | + 80,000 | + 80,000 | ||||||
| Equation | + 80,000 | = | + 80,000 | |||||
| b. Cash purchases | − 30,000 | + 30,000 | = | + 80,000 | ||||
| Equation | + 50,000 | + 30,000 | = | + 80,000 | ||||
| c. Paid salary in cash | − 5,000 | − 5,000 | ||||||
| Equation | + 45,000 | + 30,000 | = | + 75,000 | ||||
| d. Credit paid from Kumar and deposited in bank CDM | + 5,000 | − 5,000 | ||||||
| Equation | + 45,000 | + 35,000 | − 5,000 | = | + 75,000 | |||
| e. Introduced additional capital | + 10,000 | + 10,000 | ||||||
| Equation | + 55,000 | + 35,000 | − 5,000 | = | + 85,000 | |||
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Approaches of Recording Transactions
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For the following transactions, show the effect on the accounting equation.
- Raj started business with cash - ₹ 40,000
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What will be the effect of the following on the accounting equation?
- Sunil started business with ₹ 1,40,000 cash and goods worth ₹ 60,000
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Create an accounting equation on the basis of the following transactions:
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- Sold goods to Shanmugam on credit for ₹ 50,000
- Received cash from Shanmugam in full settlement ₹ 49,000
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- Insurance premium paid ₹ 3000
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