The Total solution for NCERT class 6-12
(a)
Udit started business with:
Rs
(i)
Cash
5,00,000
(ii)
Goods
1,00,000
(b)
Purchased building for cash
2,00,000
(c)
Purchased goods from Himani
50,000
(d)
Sold goods to Ashu (Cost Rs 25,000)
36,000
(e)
Paid insurance premium
3,000
(f)
Rent outstanding
5,000
(g)
Depreciation on building
8,000
(h)
Cash withdrawn for personal use
20,000
Rent received in advance
(j)
Cash paid to Himani on account
(k)
Cash received from Ashu
30,000
S.No.
Explanation
Assets
=
Liabilities
+
Capital
Stock
Building
Debtors
Creditors
Outstanding Expenses
Unaccrued Income
Increase in cash
Increase in stock
Increase in capital
6,00,000
NIL
Increase in building
Decrease in cash
(2,00,000)
3,00,000
Increase in creditors
1,50,000
Increase in debtors
Decrease in stock
(25,000)
Increase in capital (Profit)
11,000
1,25,000
6,11,000
(3,000)
Decrease in capital (Expense)
2,97,000
6,08,000
Increase in liabilities
(5,000)
6,03,000
Decrease in building
(8,000)
Decrease in capital
1,92,000
5,95,000
(20,000)
5,75,000
Increase in liability
2,82,000
Decrease in creditors
2,62,000
Decrease in debtors
(30,000)
2,92,000
6,000