Page 21 - DEBK-XI(2020)
P. 21
Accounting Equation 5.3
Capital Capital ` 3,60,000 2,000 3,62,000 (10,000) 3,52,000 (10,000) 3,42,000 500 500 3,42,000 0 3,42,000 0 3,42,000
+ + + + + + + + + + – + + + + +
Liabilities Creditors ` 0 0 0 0 0 0 0 0 0 0 0 0 0 3,42,000
= = = = = = = = = = = = = = =
=
B/R ` 0 0 0 0 0 0 0 0 0 10,000 10,000 (10,000) 0
+ + + + + + + + + + + + + + 3,42,000
Debtors ` 0 11,000 11,000 0 11,000 0 11,000 0 11,000 0 11,000 0 11,000
+ + + + + + + + + + + + + +
0 0 0 0 0 0
Furniture ` 50,000 50,000 50,000 50,000 50,000 50,000 50,000
+ + + + + + + + + + + + + +
Machinery ` 1,00,000 0 1,00,000 (10,000) 90,000 0 90,000 0 90,000 0 90,000 0 90,000
Assets + Stock ` + 60,000 + (20,000) + 40,000 + 0 + 40,000 + 0 + 40,000 + 0 + 40,000 + (10,000) + 30,000 + 0 + 30,000
Solution: Refer to Illustration 1 Page No. 5.2.
+ + + + + + + + + + + + + +
0
0
0
0
0
0
Bank ` 1,00,000 1,00,000 1,00,000 1,00,000 1,00,000 1,00,000 1,00,000
+ + + + + + + + + + + + + +
Cash ` 50,000 11,000 61,000 0 61,000 (10,000) 51,000 0 51,000 0 51,000 10,000 61,000
Transaction No. (i) (ii) New Equation (iii) New Equation (iv) New Equation (v) New Equation (vi) New Equation (vii) New Equation
