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Business, 03.10.2021 14:30 mayapril813

Ans. Assets: Rs. 146,500: Capital: Rs. 136,500; Liablities: Rs. Nill E- 8Following transactions are given: i Commencement of business with cash Rs. 200,000, furniture Rs 25,000 and goods Rs 100,000.
ii. Goods sold on cash Rs. 40,000 and Rs. 60,000 on credit.
iii. Sold furniture to Shrijal Rs 15,000.
iv. Cash received from debtors Rs 6,500 in full settlement of Rs 7,000
v. Loan given Rs 10,000.
vi. Cash received from Shrijal Rs 14,000 in full settlement.
Required: Accounting Equation Ans: Assets: Rs. 323,500, Capital Rs. 323,500; Labaites: Aan 01

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Ans. Assets: Rs. 146,500: Capital: Rs. 136,500; Liablities: Rs. Nill E- 8Following transactions are...
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