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

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard XI

Mathematics

AM,GM,HM Inequality

Prepare accou...

Question

Prepare accounting equation on the basis of the following

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

Open in App

Solution

Statements showing the effect of various transactions on Accounting Equation

Suggest Corrections

182

Similar questions

Rohit has the following transactions

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

Prepare the accounting equation to show the effect of the above transactions on the assets, liabilities and capital.

Use accounting equation to show the effect of the following transactions of M\s Royal Traders

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

Based on Table 1, the balance on the current account is:

Table 1

$\begin{matrix} Exports of goods and services & 1000 Imports of goods and services & 800 Net change in assets owned abroad & 500 Net change in foreign owned assets at home & 400 Unilateral transfers received & 100 Unilateral transfers paid & 200 Investment income paid to foreigners & 300 Investment income received from foreigners & 400 \end{matrix}$

We don't go through the ground we stand on it because of this force. Name this force.

Q. Match the statement in column I with the results in column II

\begin{matrix} Column- I & Column - II (A) A variable resistor is connected across a non ideal & (P) First increases for some time cell. As the variable resistor is & and then decreases continuously increased from zero to a very large value, the electric power consumed by the variable resistor (B) A circular ring lies in space having & (Q) First decreases for some time uniform and constant magnetic field which & and then increases is parallel to plane of the ring. Keeping the centre of ring fixed, the rings is rotated by 180^{\circ} about one of its diameter which is perpendicular to magnetic field with constant angular speed. For the duration the ring rotates, the magnitude of induced emf in the ring (C) A thin rod of length 1 cm lies along & (R) is always constant principal axis of a convex lens of focal length 5 cm. One end of rod is at a distance 10 cm from optical centre of the lengs. The convex lens is moved (without rotation) perpendicular to initial principal axis by 5 mm and brought back to its initial position. Length of image of the rod (D) A bulb (of negiligible inductance) and a & (S) increases or may increase capacitor in series are connected across an & over some time interval. ideal AC source of constant peak voltage and variable frequency. As frequency of AC source is continuously increased, the brightness of bulb \end{matrix}

Join BYJU'S Learning Program

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

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