The Total solution for NCERT class 6-12
Rs
(a)
Business started with cash
1,25,000
(b)
Purchased goods for cash
50,000
(c)
Purchase furniture from R.K. Furniture
10,000
(d)
Sold goods to Parul Traders (costing Rs 7,000 vide bill no. 5674)
9,000
(e)
Paid cartage
100
(f)
Cash Paid to R.K. furniture in full settlement
9,700
(g)
Cash sales (costing Rs 10,000)
12,000
(h)
Rent received
4,000
(i)
Cash withdrew for personal use
3,000
S.No.
Explanation
Assets
=
Liabilities
+
Capital
Cash
Stock
Furniture
Debtors
Creditors
Increase in cash
Increase in capital
NIL
Increase in stock
Decrease in cash
(50,000)
75,000
Increase in furniture
Increase in creditors
Increase in debtors
Decrease in stock
(7,000)
Increase in capital (Profit)
2,000
43,000
1,27,000
Decrease in capital (Cartage Expenses)
(100)
74,900
1,26,900
Decrease in creditors
(10,000)
(9,700)
Increase in capital (Discount-received)
300
65,200
1,27,200
77,200
33,000
1,29,200
Increase in capital (Income)
81,200
1,33,200
Decrease in capital
(3,000)
78,200
1,30,200