Solvs q no 9

Solvs q no 9 basis of accounting. e Grade 11 Sa... of the following (O e wo vantages o accrual •nci le 9.9. Preswe the accounting equation on the basis of the following transactions • (i) Started business with cash and inventory (ii) Bought goods for cash 15,000 and on credit 10,000 (iii) Goods costing sold at a profit of 33 Half the payment was received in cash. (iv) Pluchagd furniture for office use C6,000 and household use 04.000. 4

Dear Student
                                                                                         Accounting Equation
Particulars Assets                 =                                             Liabilities    +          Capital
Cash + Stock + Debtors Furniture + Creditors Capital
Commenced Business with 50000+ 20000+       70000
Goods Purchased 50000-15000 20000+25000     10000+  
  35000+ 45000+     10000+ 70000
Goods Sold 35000+16000 45000-24000. 16000+   10000 70000+8000
  51000+ 21000+ 16000+   10000 78000
Purchased Furniture 51000-10000     6000+   78000-4000
  41000 21000+ 16000+ 6000+ 10000+ 74000
 
Assets  = 41000+21000+16000+6000 84000
Liabilities = 10000   10000
Capital = 74000   74000

 
​​Regards

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