XI - 5 - Accounting Equation: 2018-19: Ex-2 Video Lecture - Commerce

this is question 2 so the accounting
equation for the following transactions
a part
Gopinath commenced business with gas
hence this is accounting equation of
gopinatha because the name is given in
the second line and Gopinath started
business hence the business belongs to
go peanut and we have to draw the format
of accounting equation serial number
transactions assets is equal to capital
plus liabilities now the first one being
cash and capital with rupee symbols
first connection started business with
cash rupees 25000 cash will be increased
and capital will be increased
LHS is equal to RHS second one for
charge some gurus woods from some the
name is given once the name of the
person from whom you're buying goods or
selling goods is given it is on a credit
hence purchase goods on credit stock
will increase we're buying goods worth
rupees ten thousand our stock will
increase our creditor will be increased
because when we are buying something
from somebody on credit
he is our creditor if you are selling
something to somebody then he is our
data
hence stock is equal to creditors ten
thousand is equal to ten thousand now
there are two transaction we have to are
these two to find out new equation Kaz
rupees 25000 stock rupees ten thousand
is equal to capital rupees 25000 and
creditors rupees ten thousand third one
is sold goods to so on
costing eight nine hundred her fifteen
hundred third one soul goes to on credit
to so name is given
you are selling the horse stock is going
out - from stock rupees 800
and our two debtors to whom you are
selling he is your data on credit plus
debt or 1500 less from stock our two
data here you are selling 1800 worth of
stock at rupees 1500 hence 300 is the
loss which will be deducted out of
capital then the new equation will be
cast loop is 25,000 stock rupees 8200
debtors rupees 1500 that is equal to
capital rupees twenty four thousand
seven hundred and creditors rupees ten
thousand this is the new equation then
fourth one fourth one is Gopinath
withdrew from business he took money for
household expenses
rupees 5000 it will reduce your cash in
the safe side and capital in the
liability side hence that is drawing
spike open up you know one word you can
say only drawings that is cash will be
reduced by five thousand capital will be
reduced by the fine five thousand then
there are two lines we can find out the
new equation that is cash rupees 20,000
stock rupees 8200 debtors rupees 1500
Capital Group is 19 thousand seven
hundred plus creditors rupees ten
thousand and this is your final answer