Transactions of M/s Vipin Traders are given below. Show the effects on Assets, Liabilities and Capital with
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Transactions of M/s Vipin Traders are given below.
Show the effects on Assets, Liabilities and Capital with the help of accounting Equation.
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(a) Business started with cash (b) Purchased goods for cash e coul (c) Purchase furniture from R.K. Furniture (d) Sold goods to Parul Traders (Costing * 7,000 vide bill no. 5674) (e) Paid cartage (f) Cash Paid to R.K. furniture in full settlement (g) Cash sales (costing *10,000) (h) Rent received (1) Cash withdrew for personal use * 1,25,000 *50,000 *10,000 ₹9,000 100 *9,700 12,000 *4,000 *3,000
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The accounting equation is Assets Liabilities Capital Lets analyze each transaction and determine it...View the full answer
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Related Book For
Accountancy Financial Accounting Part 1 Textbook For Class 11
ISBN: 9788174505071
1st Edition
Authors: NCERT
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