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

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