Prove that the accounting equation is satisfied in all the following transactions of Sudhir-i Started business with cash Rs- 1-00-000 and goods Rs- 40-000 -ii Bought goods on cash Rs- 30-000 and on credit for Rs- 20-000iii Goods costing Rs- 48-000 sold at a profit of 33 1-3 to Pranav- Half the payment received in cash-iv Purchased furniture for office use Rs- 12-000 and for household use Rs- 8-000 -v Received cash from Pranav customer Rs- 25-500 and allowed him a discount Rs- 500 -vi Creditors of Rs- 5-000 accepted Rs- 4-000 and allowed a discount of Rs- 1-000-

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Prove that th...

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Prove that the accounting equation is satisfied in all the following transactions of Sudhir.
(i) Started business with cash Rs. 1,00,000 and goods Rs. 40,000.
(ii) Bought goods on cash Rs. 30,000 and on credit for Rs. 20,000
(iii) Goods costing Rs. 48,000 sold at a profit of $33 \frac{1}{3}$ to Pranav. Half the payment received in cash.
(iv) Purchased furniture for office use Rs. 12,000 and for household use Rs. 8,000.
(v) Received cash from Pranav (customer) Rs. 25,500 and allowed him a discount Rs. 500.
(vi) Creditors of Rs. 5,000 accepted Rs. 4,000 and allowed a discount of Rs. 1,000.

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Prepare Single Column Cash Book of Vinod from the following transactions:

Aug.1 Business started with cash Rs.10,000.

Aug.2 Purchased goods for cash Rs.6,000.

Aug.5 Purchased furniture for office use Rs.1,000.

Aug.7 Goods sold for cash Rs.4,000.

Aug.9 Goods purchases from Ram on credit Rs.4,000.

Aug.10 Commission received Rs.500.

Aug.15 Paid to Ram Rs.2,000.

Aug.18 Goods sold to Hari on credit Rs.5,000.

Aug.24 Received from Hari Rs.4,000.

Aug.28 Stationery purchased Rs.300.

Aug.31 Rent paid Rs.700 and withdrew for personal use Rs.2,800.

Vinod has the following transactions.Show accounting equation for the same:

(i) Commenced business with Cash Rs.50,000; and Stock Rs.30,000 and Machinery Rs.20,000.

(ii) Goods purchases on credit Rs.10,000.

(iii) Rent Received Rs.5,000.

(iv) Sold goods costing Rs.9,000 for Cash Rs.12,000.

Journalise the following transactions in the books of Nana.

Debit balances on 1st April 2012:-

Cash in hand Rs 5,000; Cash at Bank Rs 95,000' Land & Building Rs 2,10,000; Furniture Rs 15,000; Debtors Rs 10,000.

Credit Balances on April 1, 2012:- Creditors Rs 10,000; Bank Loan Rs 28,000.

Transactions during the month of April 2012:-

2012 April	1	Purchased goods worth Rs 30,000 for cash less Trade Discount.
	3	Sold goods to Meena Rs 25,000.
	7	Purchased goods from Seema worth Rs 12,000.
	9	Goods costing Rs 1,100 distributed as free samples.
	12	Received an amount of Rs 1,500 from Vikram which was previously written off as bad.
	14	Purchased goods from Bhushan Rs 30,000 at 10% Trade Discount and paid him 1/3^rd amount in cash after getting 5% cash discount.
	20	Received cash gift Rs 10,000 from Father-in-law with which purchased shares of Infosis Co.
	24	Payment of Bank loan with interest Rs 6,000 [Interest amount Rs 1,500]
	28	Sold goods to Anil Rs 50,000 at 10% trade discount and received half the amount in cash, 5% cash discount allowed.
	29	Paid for Advertisement Rs 5,000.
	30	Withdrew cash Bank for personal purpose Rs 2,000.

From the following transactions prepare necessary ledger accounts and balance them.

2011 Jan.	1	Sachin started Business with Cash Rs 10,000 and Machinery Rs 15,000
	1	Purchased goods for cash Rs 3,000.
	3	Sold goods for cash Rs 4,000.
	5	Purchased furniture on credit from Poona Traders Rs 7,000.
	8	Purchased goods on credit from Mr. Dilip Rs 2,000 at 10% T.D.
	10	Sold goods on credit to Mr. Mahendra Rs 8,000 at 12.5% T.D.
	15	Paid Rent Rs 600.
	28	Withdraw cash for personal use Rs 1,000.
	20	Paid cash to Mr. Dilip Rs 1,800.
	25	Received cash from Mr. Mahendra Rs 6,800.
	31	Paid to Miss Sunita Rs 400 for salaries

Vinod has the following transactions. Show accounting equation for the same:

(i) Started business with cash Rs.30,000; Stock Rs.12,000; Machinery Rs.20,000;
Furniture Rs.10,000.

(ii) $\frac{1}{3}$ rd of the above goods sold at a profit of 10% on cost and half of the payment is received in cash.

(iii) Cash withdrawn for personal use Rs.2,000.

(iv) Interest on drawings charged @ 5 %.

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