Скачать или смотреть Make accounting equation and balance sheet from the given transaction | Eco 02 dec 23 solution ignou

Make accounting equation and balance sheet from the given transaction | Eco 02 dec 23 solution ignou

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1. 00:05 From the following transactions, make accounting equation and prepare the Balance Sheet from the balances of new equation :
(i) Sudhanshu started business with cash 90,000
(ii) Purchased goods for cash 30,000
(iii) Purchased goods on credit 20,000
(iv) Purchased furniture for cash 7,000
(v) Rent received 5,000
(vi) Commission paid 900
(vii) Withdrew cash for personal use 3,000
(viii) Sold goods on credit (Cost price 15,000) 20,000
(ix) Paid to Creditors 21,000
(x) Received from Debtors 16,000

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