The Total solution for NCERT class 6-12
(a)
Started business with cash
1,20,000
(b)
Rent received
10,000
(c)
Invested in shares
50,000
(d)
Received dividend
5,000
(e)
Purchase goods on credit from Ragani
35,000
(f)
Paid cash for house hold Expenses
7,000
(g)
Sold goods for cash (costing Rs 10,000)
14,000
(h)
(i)
Cash paid to Ragani
Deposited into bank
20,000
S.No.
Explanation
Assets
=
Liabilities
+
Capital
Cash
Stock
Investment
Bank
Creditors
Increase in cash
Increase in capital
NIL
Increase in capital (Income)
1,30,000
Decrease in investment
Decrease in cash
(50,000)
80,000
85,000
1,35,000
Increase in stock
Increase in creditor (Ragani)
Decrease in capital
(7,000)
78,000
1,28,000
Decrease in stock
(10,000)
Increase in capital (Profit)
4,000
92,000
25,000
1,32,000
Decrease in creditors (Ragani)
(35,000)
57,000
(20,000)
Increase in bank
37,000