Sensational Manu Started Business With Cash 50000
30000 Purchased goods for cash Rs.
Manu started business with cash 50000. 2000 vi vii Paid cash to a creditor Salary paid. Manu started business with a capital of Rs400000 on 1st October 2005. At any point of time there can be a change in the individual asset liability or capital but the two side of the accounting equation always remain equal.
Goods returned to Sohan costing. 2Purchased a building from Sohan for 12 00 000 paid by taking a loan from SBI. 3- paid intrest on loan 20000 anf instalment of 100000 by cheque.
4000iv sold goods on cash cost 500 rs. He earned a profit of 5000 during the year ended 31st March 2018 and withdrew cash 4000 for private use. 49500 500 50000 iii Purchased goods on credit 4000 4000.
A Mohan started a business on 1st April 2017 with a capital of 10000 and borrowed 3000 form a friend. 230000 Plant and Machinery Purchased by paying Rs. 450000 deposited in a bank account.
Economics asked on 9918. Sold goods for cash costing Rs500 for 700. Let us verify this fact by taking up some transactions and see how these transactions affect the accounting equation.
Paid interest on loan 20000 and instalment of 100000. 3 Paid interest on loan 20000 and instalment of 200000. 700v received rent rs.