Prepare accounting equation on the basis of the following- Rs text a Harsha started business with cash - 2-00-000 t e x t b P u r c h a s e d g o o d s f r o m N a m a n f o r c a s h - 40-000 c Sold goods to Bhanu costing Rs 10-000- 12-000 1 d Bought furniture on credit - 7-000 array

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Standard XI

Mathematics

AM,GM,HM Inequality

Prepare accou...

Question

Prepare accounting equation on the basis of the following

$\begin{matrix} (R s) (a) Harsha started business with cash & 2, 00, 000 (b) Purchased goods from Naman for cash & 40, 000 (c) Sold goods to Bhanu costing Rs 10,000 & 12, 000 (d) Bought furniture on credit & 7, 000 \end{matrix}$

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Statements showing the effect of various transactions on Accounting Equation

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$\begin{matrix} (R s) (a)Commenced business with cash & 1, 50, 000 (b) Purchased machinery on credit & 40, 000 (c) Purchased goods for cash & 20, 000 (d) Purchased car for personal use & 80, 000 (e) Paid to Creditors in full settlement & 38, 000 (f) Sold goods for cash costing Rs 5,000 & 4, 500 (g) Paid rent & 1, 000 (h) Commission received & 2, 000 \end{matrix}$

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$\begin{matrix} (R s) (a)Started business with cash & 1, 20, 000 (b) Purchased goods for cash & 10, 000 (c) Rent received & 5, 000 (d) Salary outstanding & 2, 000 (e) Prepaid insurance & 1, 000 (f) Received interest & 700 (g) Sold goods for cash (costing Rs 5,000) & 7, 000 (h) Goods destroyed by fire & 500 \end{matrix}$

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Table 1

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Prepare accounting equation on the basis of the following (Rs)(a) Harsha started business with cash2,00,000(b) Purchased goods from Naman for cash40,000(c) Sold goods to Bhanu costing Rs 10,00012,000(d) Bought furniture on credit7,000

Statements showing the effect of various transactions on Accounting Equation

Prepare accounting equation on the basis of the following

$\begin{matrix} (R s) (a) Harsha started business with cash & 2, 00, 000 (b) Purchased goods from Naman for cash & 40, 000 (c) Sold goods to Bhanu costing Rs 10,000 & 12, 000 (d) Bought furniture on credit & 7, 000 \end{matrix}$