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प्रश्न
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
- Purchased furniture worth ₹ 20,000 by cash
- Depreciation on furniture ₹ 800
- Deposited into bank ₹ 40,000
- Paid electricity charges through net banking ₹ 500
- Sold goods to Ravi costing ₹ 10,000 for ₹ 15,000
- Goods returned by Ravi ₹ 7,500 (costing ₹ 5,000)
खातेवही
उत्तर
| Transaction | Assets | Capital ₹ | Creditors ₹ | |||||
| Cash ₹ | + Stock ₹ | + Furniture ₹ | + Debtors ₹ | + Bank ₹ | ||||
| a. Sunil started business with cash and goods | + 1,40,000 | + 60,000 | + 2,00,000 | |||||
| Equation | + 1,40,000 | + 60,000 | = | + 2,00,000 | ||||
| b. Purchased furniture for cash | − 20,000 | + 20,000 | ||||||
| Equation | + 1,20,000 | + 60,000 | + 20,000 | = | + 2,00,000 | |||
| c. Depreciation on furniture | − 800 | − 800 | ||||||
| Equation | + 1,20,000 | + 60,000 | + 19,200 | = | + 1,99,200 | |||
| d. Deposited into bank | − 40,000 | + 40,000 | ||||||
| Equation | + 80,000 | + 60,000 | + 19,200 | + 40,000 | = | + 1,99,200 | ||
| e. Paid electricity charges through net banking | − 500 | − 500 | ||||||
| Equation | + 80,000 | + 60,000 | + 19,200 | + 39,500 | = | + 1,98,700 | ||
| f. Sold to Ravi goods costing ₹ 10,000 for ₹ 15,000 | − 10,000 | + 15,000 | + 5,000 | |||||
| Equation | + 80,000 | + 50,000 | + 19,200 | + 15,000 | + 39,500 | = | + 2,03,700 | |
| g. Goods returned by Ravi | + 5,000 | − 5,000 | ||||||
| Equation | + 80,000 | + 55,000 | + 19,200 | + 10,000 | + 39,500 | = | + 2,03,700 | |
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संबंधित प्रश्न
Which one of the following is representative personal account?
Prepaid rent is a ____________.
What is the accounting equation?
Write any one transaction which decreases the assets and decreases the liabilities
Write any one transaction which increases one asset and decreases another asset
What is an Account?
Complete the accounting equation.
Assets = Capital + Liabilities
₹ 1,00,000 = ₹ 80,000 + ?
Complete the accounting equation.
Assets = Capital + Liabilities
₹ 2,00,000 = ? + ₹ 40,000
For the following transactions, show the effect on the accounting equation.
- Raj started business with cash - ₹ 40,000
- Opened bank account with a deposit of - ₹ 30,000
- Bought goods from Hari on credit for - ₹ 12,000
- Raj withdrew cash for personal use - ₹ 1,000
- Bought furniture by using debit card for - ₹ 10,000
- Sold goods to Murugan and cash received - ₹ 6,000
- Money withdrawn from bank for office use - ₹ 1,000
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
