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A trader recorded below transactions:\na) Started business with cash Rs. 30000\nb) Purchased securities (in cash) in Rs. 9000\nc) Purchased shop for Rs. 30000 (10000 in cash, remaining from loan)\nd) Sold securities for Rs. 1300 (purchased cost = Rs. 900)\ne) Purchased a vehicle (cash) for Rs. 2500\nf) Salary received (in cash) Rs. 5000\ng) Paid Rs.800 for loan and Rs. 400 for interest\nh) Expenses (in cash) paid Rs. 400\ni) Received dividends (in cash) for dividends Rs. 300\nPrepare a table using accounting equation
ASSETS | EQUITIES | |||||
---|---|---|---|---|---|---|
Cash | Securities | Shop | Vehicle | Loan | O.E. | |
A | 30000 | 30000 | ||||
B | (9000) | 9000 | ||||
C | (10000) | 30000 | 20000 | |||
D | 1300 | (900) | 400 | |||
E | (2500) | 2500 | ||||
F | 5000 | 5000 | ||||
G | (1200) | (800) | (400) | |||
H | (400) | (400) | ||||
I | 300 | 300 | ||||
13500 | 8100 | 30000 | 2500 | 19200 | 34900 | |
54100 | 54100 |
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