On 1-1-2020, Mr. A started his business of dealing in televisions by investing Rs. 200000 in cash from his personal sources. The other transactions relating to his first months business were as under: 3-1-2020, borrowed an interest free loan of Rs. 50000 from Mr. B (a friend of A). 5-1-2020, purchased office equipment for Rs. 30000 and paid cash Rs. 20000 and the balance will be paid after 10 days from now. 7-1-2020, paid Rs. 50000 to Mr. B for settlement of his loan. 16-1-2020, paid accounts payable of 5-1-2001 18-1-2020, purchased furniture for Rs. 10000 against a note which is payable in 6 months. 20-1-2020, purchased 5 calculators for Rs. 5000 on cash. 24-1-2020, sold 5 calculators for Rs. 5000 on cash. 25-1-2020, purchased 5 Tvs @ Rs. 10000 for cash. 26-1-2020, sold 5 Tvs @ Rs. 12000 for cash. 31-1-2020, paid rent of office Rs. 6000 for January, February and March equally.. Required: Make Accounting equation
On 1-1-2020, Mr. A started his business of dealing in televisions by investing Rs. 200000 in cash from his personal sources. The other transactions relating to his first months business were as under:
3-1-2020, borrowed an interest free loan of Rs. 50000 from Mr. B (a friend of A).
5-1-2020, purchased office equipment for Rs. 30000 and paid cash Rs. 20000 and the balance will be paid after 10 days from now.
7-1-2020, paid Rs. 50000 to Mr. B for settlement of his loan.
16-1-2020, paid accounts payable of 5-1-2001
18-1-2020, purchased furniture for Rs. 10000 against a note which is payable in 6 months.
20-1-2020, purchased 5 calculators for Rs. 5000 on cash.
24-1-2020, sold 5 calculators for Rs. 5000 on cash.
25-1-2020, purchased 5 Tvs @ Rs. 10000 for cash.
26-1-2020, sold 5 Tvs @ Rs. 12000 for cash.
31-1-2020, paid rent of office Rs. 6000 for January, February and March equally..
Required: Make
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