Business, 28.02.2021 14:20 ari313

Iv. Cash paid to creditors Rs 9,500 in full settlement of Rs 10,000 V. Paid advertising expenses Rs. 5,000.-
vi Cash paid to Ramesh Rs 29,000 in full settlement.
Required: Accounting Equations
Ane Assots. Rs 146 500 Capdal Rs 138.500 Clabb
AB-8, Following transactions are given:
Commencement of business with cash Rs. 200,000, furniture Rs 25,000 and goods Rs 100,000.
li. Goods sold on cash Rs. 40,000 and Rs. 60,000 on credit.
lil. Sold furniture to Shrijal Rs 15.000.
iv Cash received from debtors Rs 6,500 in full settlement of Rs 7,000
v. Loan given Rs 10,000,
vi Cash received from Shrijal Rs 14,000 in full settlement.
Required: Accounting Equation
Ans: Assals: Rs 323,500 Capital Rs. 325.500
A8-9. The following transactions of Mr. Shrestha are provided to you:
1. Started business by investing Cash Rs. 100,000 and bank balance Rs. 200,000.
it. Purchased furniture for Rs. 30,000 paying by cheque.
iii. Purchased goods for Rs. 50,000 by making partial payment of Rs. 30,000 in cash.
iy. Paid staff salary Rs. 5,000.

Answers: 1

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