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प्रश्न
Write any one transaction which increases one asset and decreases another asset
एक शब्द/वाक्यांश उत्तर
उत्तर
Gash sales
shaalaa.com
Approaches of Recording Transactions
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Books of Prime Entry - Very short answer questions [पृष्ठ ५८]
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संबंधित प्रश्न
The incorrect accounting equation is _____________.
Prepaid rent is a ____________.
What is the accounting equation?
Write a brief note on accounting equation approach of recording transactions.
What is an Account?
Classify the accounts with suitable examples.
What are the three different types of personal accounts?
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
Create an accounting equation on the basis of the following transactions:
- Rakesh started business with a capital of ₹ 1,50,000
- Deposited money with the bank ₹ 80,000
- Purchased goods from Mahesh and paid through debit card ₹ 25,000
- Sold goods (costing ₹ 10,000) to Mohan for ₹ 14,000 who pays through debit card
- Commission received by cheque and deposited the same in the bank ₹ 2,000
- Paid office rent through ECS ₹ 6,000
- Sold goods to Raman for ₹ 15,000 of which ₹ 5,000 was received at once
Create an accounting equation on the basis of the following transactions:
- Started business with cash ₹ 80,000 and goods ₹ 75,000
- Sold goods to Shanmugam on credit for ₹ 50,000
- Received cash from Shanmugam in full settlement ₹ 49,000
- Salary outstanding ₹ 3,000
- Goods costing ₹ 1,000 given as charity
- Insurance premium paid ₹ 3000
- Out of insurance premium paid, prepaid is ₹ 500
