Business, 18.10.2020 15:01 davechucktaylor

Q1) Accounting equation for the following transactions of MIS time zones.

2010 Rs.
Dec. ol
dec 01 -Business started with cash 1,20,000
Dec2 -opened a bank account with ICICI 4100,00.
Dec-04 -Goods puochased for cash 12.000
Dec 10 Paid cartage 500
Dec 12 Goods sold on credit to Ms Lasa India 25000
Dec14 cash received from Mls cara India 10,000
Dec 16 Goods returned for Lora India 3000
Dec 18 Paid trade expenses 700
Dec 19 Goods purchased on credit from Taranum 32,000
Dec 20 cheque received from MIS Lara India for final settlement 11,500
Dec 22 Goods returned to Taranum 1,500
Dec 24 Paid for stationery 1200
Dec 26 cheque given to Tarorum on account 20,000
Dec 28 Paid rent by cheque 4,000
Dec 29 Drew cash for personal use 10,000
Dec 30 cash sales
12,000
Dec 31 Goods sold to Nils Rupak traders 11,000

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Q1) Accounting equation for the following transactions of MIS time zones.

2010 Rs.
...

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