Question 28 Chapter 3 – Unimax 28. Prepare Accounting Equation of the following transactions and also the Balance Sheet: 1. Manu started business with cash. Opened a Bank Account and transferred Rs. 4,00,000 from his Savings Account. 1,00,000 2. Purchased Read More …
Question 27 Chapter 3 – Unimax 27. Mr. Ayush started a real estate agency business with a cash investment of 45,000. The following business transactions have been recorded:(i) Paid three months advance rent for office accommodation Rs. 2,250(ii) Bought car Read More …
Question 26 Chapter 3 – Unimax 26. Present the following transactions in the Accounting Equation: 1. Ram started business with cash Rs. 25,000 and cheque of Rs. 25,000 to open a Bank Account 2. Purchased goods on credit 4,000 Read More …
Question 25 Chapter 3 Unimax 25. Show the accounting equation on the basis of following transactions:(a) Commenced business with ₹ 65,000(b) Paid rent in advance ₹ 1,200 (c) Purchased a typewriter for ₹ 4,000(d) Bought furniture on credit for ₹ Read More …
Question 24 Chapter 3 – Unimax 24. Prepare the accounting equation of Sunny for 2020-2021.(a)Sunny started business with bank balance Rs. 90,000. (b) Purchase furniture Rs, 10,000.(c) Taxes collected from the customer Rs. 10,000. (d) Bank charges Rs. 1,000(e) Collected Read More …
Question 23 Chapter 3 – Unimax 23. Prepare the Accounting Equation on the basis of the following: Rs. 1. Sahib commenced business with cash 1,50,000 and Furniture 1,00,000 2. Machinery purchased for cash. 20,000 3. Purchased goods from Raman on Read More …
Question 22 Chapter 3 – Unimax 22. Gaurav had the following transactions. Use accounting equations to show their effect his assets, liabilities and capital:(a) Commenced business with cash Rs. 1,00,000(b) Purchased goods Rs. 40,000 on credit(c) Sold goods for Rs. Read More …
Question 21 Chapter 3 – Unimax 21. Show the accounting equation on the basis of following transactions:(i) Anant started business with Cash Rs. 80,000 and Stock Rs. 20,000 and Machine Rs. 45,000(ii) Goods purchased Rs. 20,000 on credit.(iii) Goods costing Read More …
Question 20 Chapter 3 – Unimax 20. Aviral has the following transactions. Use accounting equations to show their his assets, liabilities and capital:(i) Invested Rs. 45,000 in cash(ii) Purchased securities for cash Rs. 10,000. (iii) Purchased a home for Rs. Read More …
Question 19 Chapter 3 Unimax 19. Show the accounting equation on the basis of the following transactions: i Commenced business with cash 25,000ii Purchased goods on credit 12,500iii Purchased furniture for cash 1,200iv Deposited into bank 5,000v Sold goods (costing Read More …