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Transaction of Mohan traders are given blow show the effect of dose transaction on assist liabilities and capital with the help of accounting equation A) business started with cash rupees 100000 B) cash purchase rupees 50000 C) cash sale rupees 60000 D) purchase furniture for rupees 5000 E) paid rent rupees 4000 F) brought from Ratan rupees 8000?
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Transaction of Mohan traders are given blow show the effect of dose tr...
Effect of Transactions on Assets, Liabilities, and Capital

Business Transactions:

A) Business started with cash rupees 100000
B) Cash purchase rupees 50000
C) Cash sale rupees 60000
D) Purchase furniture for rupees 5000
E) Paid rent rupees 4000
F) Brought from Ratan rupees 8000

Accounting Equation:

Assets = Liabilities + Capital

A) Business started with cash rupees 100000:
Cash (A) = 100000
Capital (C) = 100000

B) Cash purchase rupees 50000:
Cash (A) = 50000
Inventory (A) = 50000

C) Cash sale rupees 60000:
Cash (A) = 60000
Sales (A) = 60000

D) Purchase furniture for rupees 5000:
Furniture (A) = 5000
Cash (A) = 55000 (100000 - 50000)

E) Paid rent rupees 4000:
Rent (A) = 4000
Cash (A) = 51000 (55000 - 4000)

F) Brought from Ratan rupees 8000:
Inventory (A) = 130000 (50000 + 80000)
Cash (A) = 43000 (51000 - 8000)

Final Accounting Equation:

Assets = Liabilities + Capital
130000 = 0 + 130000 (50000 + 60000 + 5000 + 4000 + 8000 - 100000)

Conclusion:

The transactions have resulted in an increase in assets and a decrease in cash. There is no change in liabilities, and the capital has increased due to profits earned from sales and investments made in furniture and inventory.
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Transaction of Mohan traders are given blow show the effect of dose tr...
Ansar please
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Transaction of Mohan traders are given blow show the effect of dose transaction on assist liabilities and capital with the help of accounting equation A) business started with cash rupees 100000 B) cash purchase rupees 50000 C) cash sale rupees 60000 D) purchase furniture for rupees 5000 E) paid rent rupees 4000 F) brought from Ratan rupees 8000?
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Transaction of Mohan traders are given blow show the effect of dose transaction on assist liabilities and capital with the help of accounting equation A) business started with cash rupees 100000 B) cash purchase rupees 50000 C) cash sale rupees 60000 D) purchase furniture for rupees 5000 E) paid rent rupees 4000 F) brought from Ratan rupees 8000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Transaction of Mohan traders are given blow show the effect of dose transaction on assist liabilities and capital with the help of accounting equation A) business started with cash rupees 100000 B) cash purchase rupees 50000 C) cash sale rupees 60000 D) purchase furniture for rupees 5000 E) paid rent rupees 4000 F) brought from Ratan rupees 8000? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Transaction of Mohan traders are given blow show the effect of dose transaction on assist liabilities and capital with the help of accounting equation A) business started with cash rupees 100000 B) cash purchase rupees 50000 C) cash sale rupees 60000 D) purchase furniture for rupees 5000 E) paid rent rupees 4000 F) brought from Ratan rupees 8000?.
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