S. No.
|
Transaction
|
Assets
|
=
|
Liabilities
|
+
|
Capital
|
||||||
Cash
|
+
|
Stock
|
+
|
Furniture
|
+
|
Shyam
|
=
|
|
+
|
|
||
(i)
|
Commenced business with cash Rs 50,000
|
50,000
|
|
–
|
|
–
|
|
–
|
|
–
|
|
50,000
|
(ii)
|
Paid salary Rs 1,200
|
(1,200)
|
|
–
|
|
–
|
|
–
|
=
|
–
|
|
(1,200)
|
|
|
48,800
|
|
|
|
|
|
|
=
|
|
|
48,800
|
(iii)
|
Purchased Furniture Rs 5,000
|
(5,000)
|
|
–
|
|
5,000
|
|
–
|
|
–
|
|
–
|
|
|
43,800
|
|
|
+
|
5,000
|
|
|
=
|
|
|
48,800
|
(iv)
|
Purchased goods from Rakesh for cash Rs 7,500
|
(7,500)
|
|
7,500
|
|
–
|
|
–
|
|
–
|
|
–
|
|
|
36,300
|
+
|
7,500
|
+
|
5,000
|
|
|
=
|
|
|
48,800
|
(v)
|
Sold goods to Shyam costing Rs 13,000
|
–
|
|
(13,000)
|
|
–
|
|
13,000
|
|
–
|
|
–
|
|
|
36,300
|
+
|
(5,500)
|
+
|
5,000
|
+
|
13,000
|
=
|
|
|
48,800
|
(vi)
|
Paid Rent Rs 500
|
(500)
|
|
–
|
|
–
|
|
–
|
=
|
–
|
|
(500)
|
|
|
35,800
|
+
|
(5,500)
|
+
|
5,000
|
+
|
13,000
|
=
|
–
|
|
48,300
|