Question No 12 Chapter No 4

12. Supriya had the following transaction. Use accounting to show their effect on his assets, liabilities and capital.

 (a) Brought Rs 45,000 in cash to start a business. (b) Purchased shares for cash Rs 22,500. (c) Purchased office equipment for Rs 45,000, giving Rs 15,000 in cash and the balance through a loan (d) Sold share coating Rs 3,000 for Rs 4,500 (e) Purchased one printer for Rs 8,400in cash (f) Received cash for rent Rs 10,800 (g) Paid cash Rs 10,000 for a loan and Rs 900 for interest. (h) Received cash for property let out Rs 600

### The solution of Question No 12 Chapter No 4: –

 S. No. Particulars Assets Liabilities Capital Cash + Investment +office equ. +printer Creditor a Commenced business with cash 45,000 – – 45,000 45,000 – – 45,000 b Purchase shares for cash -22,500 – 22,500 – – 22,500 +22,500 – 45,000 c Office equipment purchased on cash and credit -15,000 +45,000 30,000 – 7,500 + 22,500 +45,000 30,000 45,000 d Sold share on profit +4,500 -3,000 +1,500 12,000 + 19,500 +45,000 30,000 46,500 e Purchased printer on cash -8,400 +8,400 3,600 + 19,500 +45,000 + 8,400 30,000 46,500 f Received cash from rent +10,800 +10,800 14,400 + 19,500 +45,000 + 8,400 30,000 57,300 g Paid cash for loan and interest Paid -10,900 -10,000 -900 3,500 + 19,500 +45,000 + 8,400 20,000 56,400 h Cash received for property let out 600 +600 Total 4,100 + 19,500 +45,000 + 8,400 20,000 57,000

Assets =
4,100 + 19,500 + 45,000 + 8,400 + = 77,000/-

Capital = 57,000/-

Liabilities = 20,000/-

Liabilities  +Capital

20,000+ 57,000= 77,000/-

What is Accounting Equation | Example

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## Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)