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Prepare Accounting Equation on the basis of the following: Rahim started business with cash Rs. 20,000 Rahim purchased furniture for cash Rs. 2,000. (i) (i) Rahim paid rent Rs. 200. (iv) Rahim purchased goods on credit Rs. 3,000. (V) Rahim sold goods (cost price Rs. 2,000) for Rs. 5,000 on cash.

Prepare Accounting Equation on the basis of the following: Rahim started business with cash Rs. 20,000 Rahim purchased furniture for cash Rs. 2,000. (i) (i) Rahim paid rent Rs. 200. (iv) Rahim purchased goods on credit Rs. 3,000. (V) Rahim sold goods (cost price Rs. 2,000) for Rs. 5,000 on cash.

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 4MC
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(c) If the assets and the liabilities of an enterprise amount to Rs. 40 (b) If the liabilities and the capital of an enterprise amount to Rs. 10 Re 30.000 respectively, what is the total amount of the assete It the assets and the llabilities of an enterprise amount to Pe Rs. 10,000 respectively, what is the amount of capital? Answer: (a) Rs. 10,000; (b) Rs. 40,000; (c) Rs. 30,000 PROBLEMS 1. Prepare Accounting Equation on the basis of the following ) Rahim started business with cash Rs. 20,000 () Rahim purchased furniture for cash Rs. 2,000. (i) (ii) Rahim paid rent Rs. 200. (iv) Rahim purchased goods on credit Rs. 3,000. (v) Rahim sold goods (cost price Rs. 2,000) for Rs. 5,000 on cash. 2. Prove that the Accounting Equation is satisfied in all the following tra Ahmad: (1) Commenced business with cash Rs. 60,000. () Rent paid in advance Rs. 500. (i) Purohe
Transcribed Image Text:(c) If the assets and the liabilities of an enterprise amount to Rs. 40 (b) If the liabilities and the capital of an enterprise amount to Rs. 10 Re 30.000 respectively, what is the total amount of the assete It the assets and the llabilities of an enterprise amount to Pe Rs. 10,000 respectively, what is the amount of capital? Answer: (a) Rs. 10,000; (b) Rs. 40,000; (c) Rs. 30,000 PROBLEMS 1. Prepare Accounting Equation on the basis of the following ) Rahim started business with cash Rs. 20,000 () Rahim purchased furniture for cash Rs. 2,000. (i) (ii) Rahim paid rent Rs. 200. (iv) Rahim purchased goods on credit Rs. 3,000. (v) Rahim sold goods (cost price Rs. 2,000) for Rs. 5,000 on cash. 2. Prove that the Accounting Equation is satisfied in all the following tra Ahmad: (1) Commenced business with cash Rs. 60,000. () Rent paid in advance Rs. 500. (i) Purohe
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