S. No.
|
Transactions |
Assets |
= |
Liabilities |
+ |
Capital |
||||
Cash (Rs) |
+ |
Bank (Rs) |
+ |
Stock (Rs) |
= |
Creditors (Rs) |
|
(Rs) |
||
(i) |
Started business with cash |
45,000 |
|
|
|
|
= |
|
|
45,000 |
|
|
45,000 |
|
|
|
|
= |
|
|
45,000 |
(ii) |
Opened a Bank Account with a deposit |
– 4,500 |
+ |
4,500 |
|
|
= |
|
|
|
|
|
40,500 |
+ |
4,500 |
|
|
= |
|
|
45,000 |
(iii) |
Bought goods from M/s. Sun & Co. |
|
|
|
|
11,200 |
= |
11,200 |
|
|
|
|
40,500 |
+ |
4,500 |
+ |
11,200 |
= |
11,200 |
+ |
45,000 |
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
= |
|
Cash + Bank + Stock |
|
= |
|
40,500 + 4,500 + 11,200 |
|
= |
Rs |
56,200 |
Liabilities |
= |
|
11,200 |
Capital |
= |
|
45,000 |