wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Open in App
Solution

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


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Accounting Equation 1
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon