# Question No 17 Chapter No 4 – USHA Publication 11 Class

Question No 17 Chapter No 4

17. Show the effect of the following transaction on accounting equation:

 (i) Divedi stated business with cash Rs 40,000 (ii) Lent Rs 10,000 to Trivedi (iii) Interest received from Trivedi Rs 400 (iv) Borrowed Rs 25,000 from Chaturvedi. (v) Interest paid to Chaturvedi Rs 1,000 (vi) Interest given to Divedi Rs 1,500.

## The solution of Question No 17 Chapter No 4: –

 S. No. Particulars Assets Liabilities Capital Cash +loan to Treivedi Creditor+. B/p i Commenced business with cash 40,000 – 40,000 40,000 – 40,000 ii Lent to Trivedi -10,000 +10,000 – – 30,000 + 10,000 – 40,000 iii Interest received +400 – +400 30,400 + 10,000 – 40,400 iv Borrowed from Chaturvedi +25,000 25,000 55,400 + 10,000 +25,000 40,400 v Interest paid -1,000 -1,000 54,400 + 10,000 25,000 39,400 vi Interest given to prop -3,000 -1,500+1,500 Total 54,400 + 10,000 25,000 39,400

Assets =
54,4000 + 10,000    = 64,400/-

Capital = 39,400/-

Liabilities = 25,000  = 25,000/-

Liabilities  +Capital

25,000 + 39,400 = 64,400/-

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)