THE SIDDIQUI ACADEMY® : EXEMPLER ACCOUNTING NUMERICAL CLASS XIth
Q.1 Prepare an Accounting Equation on the basis of the following transactions: (i) Started business with cash ₹ 70,000. (ii) Credit purchase of goods ₹ 18,000. (iii) Payment made to creditors in full settlement ₹ 17,500. (iv) Purchase of machinery for cash ₹ 20,000. (v) Depreciation on machinery ₹ 2,000 Q.2 Raghunath had the following transactions in an accounting year: (i) Commenced business with cash ₹ 50,000. (ii) Paid into bank ₹ 10,000. (iii) Purchased goods for cash ₹ 20,000 and credit ₹ 30,000. (iv) Sold goods for cash ₹ 40,000 costing ₹ 30,000. (v) Rent paid ₹ 500. (vi) Rent outstanding ₹ 100. (vii) Bought furniture ₹ 5,000 on credit. (viii) Bought refrigerator for personal use ₹ 5,000. (ix) Purchased motorcycle for cash ₹ 20,000. Create an Accounting Equation to show the effect of the above THE SIDDIQUI ACADEMY® ANANAD VIHAR PHASE III STUDENT HELPLINE : 011-69653927 MAIL US AT : thesiddiquiacademy@gmail.com WEBSITE : www.thesiddiquiacademy.wixsite.com ©2023-THE SID...