Solvs q no 9
Dear Student
Accounting Equation
Regards
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 |