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Give Accounting Equation for following transactions of Jitesh: a. Started business with cash – Rs. 5,00,000 & Bank – Rs. 3,00,000 b. Paid rent in Advance – Rs. 18,000 c. Purchased goods for cash – Rs. 1,00,000 & on credit – Rs. 40,000 d. Sold goods for cash – Rs. 80,000 e. Rent paid – Rs. 16,000 & Rent outstanding – Rs. 4,000 f. Bought second-hand Car for personal use – Rs. 2,00,000 g. Purchased equipment through cheque – Rs. 10,000 h. Paid to creditors – Rs. 12,000 i. Paid sundry expenses – Rs. 10,000 J. Depreciation on equipment – Rs. 500

Give Accounting Equation for following transactions of Jitesh: a. Started business with cash – Rs. 5,00,000 & Bank – Rs. 3,00,000 b. Paid rent in Advance – Rs. 18,000 c. Purchased goods for cash – Rs. 1,00,000 & on credit – Rs. 40,000 d. Sold goods for cash – Rs. 80,000 e. Rent paid – Rs. 16,000 & Rent outstanding – Rs. 4,000 f. Bought second-hand Car for personal use – Rs. 2,00,000 g. Purchased equipment through cheque – Rs. 10,000 h. Paid to creditors – Rs. 12,000 i. Paid sundry expenses – Rs. 10,000 J. Depreciation on equipment – Rs. 500

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 18EB: Krespy Corp. has a cash balance of $7,500 before the following transactions occur: A. received...
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Give Accounting Equation for following transactions of Jitesh:

a. Started business with cash – Rs. 5,00,000 & Bank – Rs. 3,00,000

b. Paid rent in Advance – Rs. 18,000

c. Purchased goods for cash – Rs. 1,00,000 & on credit – Rs. 40,000

d. Sold goods for cash – Rs. 80,000

e. Rent paid – Rs. 16,000 & Rent outstanding – Rs. 4,000

f. Bought second-hand Car for personal use – Rs. 2,00,000

g. Purchased equipment through cheque – Rs. 10,000

h. Paid to creditors – Rs. 12,000

i. Paid sundry expenses – Rs. 10,000

J. Depreciation on equipment – Rs. 500

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