Question No 29 Chapter No 5 – T.S Grewal 29. Draw an Accounting Equation from the following transactions: – (i) Commenced business with cash Rs 50,000, cheque Rs 1,00,000, goods Rs 30,000, and Furniture Rs 20,000(ii) Car, a personal asset Read More …
Question No 28 Chapter No 5 28. Show an Accounting Equation on the basis of the following transaction: –(i) Sunil Started business with cash of 1,50,000(ii) Opened a Bank account by depositing Rs 25,000 out of cash(iii) He sold his Read More …
Question No 27 Chapter No 5 27. On 31st March 2018, the total assets and external liabilities were Rs 2,00,000 and 6,000 respectively. During the year, the proprietor had introduced capital of Rs 20,000 and withdrawn Rs 12,000 for personal Read More …
Question No 26 Chapter No 5 26. Mohan started a business on 1st April 2017 with a capital of Rs 25,000 and a loan Rs 12,500 borrowed from Shyam. During 2017-2018 he had introduced additional capital of 12,500 and had Read More …
Question No 25 Chapter No 5 Mohan started a business on 1st April 2017 with a capital of Rs 10,000 and borrowed Rs 3,000 from a friend. He earned a profit of Rs 5,000 during the year ended 31st march Read More …
Question No 24 Chapter No 5 24. Calculate the total assets if: A had a capital of Rs 75,000 on 1st April 2017. He had also goods amounting to Rs 15,000 which he had purchased on credit and the payment had Read More …
Question No 23 Chapter No 5 23. Calculate the total assets if: Capital is Rs 40,000. Creditors are Rs 25,000. Revenue during the period is Rs 50,000. Expenses during the period are Rs 40,000. The solution of Question No 23 Read More …
Question No 22 Chapter No 5 22. If the capital of a business is Rs 1,40,000 and liabilities are of Rs 80,000, calculate the total assets of the business. The solution of Question No 22 Chapter No 5: – Subscribe Read More …
Question No 21 Chapter No 5 Calculation of Total Assets, Opening and Closing Capital and Profit and loss 21. A commenced his cloth business on 1st April 2017 with a capital of Rs 30,000. On 31st March 2018, his assets Read More …
Question No 20 Chapter No 5 Calculation of Total Assets, Opening and Closing Capital and Profit and loss 20. If total assets of a business are Rs 1,30,000 and net worth is Rs 80,000. Calculate the creditors. The solution of Read More …