27. Show the accounting equation on the basis of following transactions :
(i) Commenced business with Cash ₹20,000; Goods ₹50,000 and Furniture ₹30,000.
(ii) Purchased goods from Gopal on Credit ₹40,000.
(iii) Sold goods for Cash ₹40,000 (Costing ₹30,000).
(iv) Sold goods to Ram on Credit ₹65,000 (Costing ₹50,000).
(v) Withdrew for personal use goods costing ₹5,000.
(vi) Purchased typewriter for personal use of the proprietor ₹20,000.
(vii) Purchased chairs for office use for Cash ₹10,000.
(viii) Paid for printing ₹500 and received Commission ₹1,200.
(ix) Introduced fresh Capital ₹40,000.
(x) Paid to Gopal ₹30,000.
D.K.Goel/2024 Edition/Practical Questions/Q-27
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company