6. Show the accounting equation on the basis of the following transaction:
(a) | Udit started business with: | |
---|---|---|
(i) Cash | ₹5,00,000 | |
(ii) Goods | ₹1,00,000 | |
(b) | Purchased building for cash | ₹2,00,000 |
(c) | Purchased goods from Himani | ₹50,000 |
(d) | Sold goods to Ashu (Cost ₹25,000) | ₹36,000 |
(e) | Paid insurance premium | ₹3,000 |
(f) | Rent outstanding | ₹5,000 |
(g) | Depreciation on building | ₹8,000 |
(h) | Cash withdrawn for personal use | ₹20,000 |
(i) | Rent received in advance | ₹5,000 |
(j) | Cash paid to Himani on account | ₹20,000 |
(k) | Cash received from Ashu | ₹30,000 |
NCERT/Numerical Questions/Q-06