Prepare Accounting Equation

INSTRUCTIONS TO CANDIDATES

ANSWER ALL QUESTIONS

Prepare Accounting Equation from the following:

1.Nitin started business with cash ₹75,000; goods ₹30,000; Machinery ₹50,000 and Furniture ₹25,000. 2. 1/3rd of the above goods sold at a profit of 10% on cost and half of the payment is received In cash. 3.Depreciation on Machinery provided at 10%. 4. Cash withdrawn for personal use ₹10,000. 5. Interest on drawing charged @ 5%. 6. Goods sold to Jacob for ₹5,000 and received a Bill Receivable for the same amount for three Months. 7 . Received ₹5,000 from Jacob against the Bill Receivable on its maturity.

 

Related Questions

. Introgramming & Unix Fall 2018, CRN 44882, Oakland University Homework Assignment 6 - Using Arrays and Functions in C

DescriptionIn this final assignment, the students will demonstrate their ability to apply two ma

. The standard path finding involves finding the (shortest) path from an origin to a destination, typically on a map. This is an

Path finding involves finding a path from A to B. Typically we want the path to have certain properties,such as being the shortest or to avoid going t

. Develop a program to emulate a purchase transaction at a retail store. This program will have two classes, a LineItem class and a Transaction class. The LineItem class will represent an individual

Develop a program to emulate a purchase transaction at a retail store. Thisprogram will have two classes, a LineItem class and a Transaction class. Th

. SeaPort Project series For this set of projects for the course, we wish to simulate some of the aspects of a number of Sea Ports. Here are the classes and their instance variables we wish to define:

1 Project 1 Introduction - the SeaPort Project series For this set of projects for the course, we wish to simulate some of the aspects of a number of

. Project 2 Introduction - the SeaPort Project series For this set of projects for the course, we wish to simulate some of the aspects of a number of Sea Ports. Here are the classes and their instance variables we wish to define:

1 Project 2 Introduction - the SeaPort Project series For this set of projects for the course, we wish to simulate some of the aspects of a number of