5. Use accounting equation to show the effect of the following transactions of M/s Royal Traders:
| (a) | Commenced business with cash | ₹1,50,000 |
|---|---|---|
| (b) | Purchased machinery on credit | ₹40,000 |
| (c) | Purchased goods for cash | ₹20,000 |
| (d) | Purchased car for personal use | ₹80,000 |
| (e) | Paid to creditors in full settlement | ₹38,000 |
| (f) | Sold goods for cash costing ₹5,000 | ₹4,500 |
| (g) | Paid rent | ₹1,000 |
| (h) | Commission received in advance | ₹2,000 |
NCERT/Numerical Questions/Q-05
Answer :
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