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5.6 Double Entry Book Keeping—CBSE XI

+ Capital Capital ` 2,00,000 0 2,00,000 50,000 2,50,000 0 2,50,000 1,000 2,51,000 4,000 2,55,000 0 2,55,000 0 2,55,000 (1,000) 2,54,000 (2,000) 2,52,000 2,000 2,54,000 (1,000) 2,53,000 (500) 2,52,500

O/s +
+ + + + + + + + + + + + + + + + + + + + + + + + +
Salary ` 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,000 1,000 0 1,000
+ + + + + + + + + + + + + + + + + + + + + + + + + +
Liabilities Creditors ` 0 0 0 0 0 0 0 0 0 0 0 0 0 20,000 20,000 0 20,000 0 20,000 0 20,000 0 20,000 0 20,000

+ + + + + + + + + + + + + + + + + + + + + + + + + +
Bank Loan ` 0 0 0 0 0 5,00,000 5,00,000 0 5,00,000 0 5,00,000 0 5,00,000 0 5,00,000 0 5,00,000 0 5,00,000 0 5,00,000 0 5,00,000 0 5,00,000 7,73,500

= = = = = = = = = = = = = = = = = = = = = = = = = = = =
+ Debtors + Prepaid
Rent ` 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,000 2,000 0 2,000 0 2,000 0 2,000 0 2,000 7,73,500
+ + + + + + + + + + + + + + + + + + + + + + + + +
` 0 0 0 0 0 0 0 5,000 5,000 0 5,000 0 5,000 0 5,000 0 5,000 0 5,000 0 5,000 0 5,000 0 5,000

+ + + + + + + + + + + + + + + + + + + + + + + + +
0 0 0 0 0 0 0 0 0 0 0 0 0 0
Car ` 6,00,000 6,00,000 6,00,000 6,00,000 6,00,000 6,00,000 6,00,000 6,00,000 6,00,000 6,00,000 6,00,000

+ + + + + + + + + + + + + + + + + + + + + + + + + +
Assets ` 20,000 0 20,000 0 20,000 0 20,000 0 20,000 0 20,000 0 20,000 0 20,000 0 20,000 0 20,000 0 20,000 0 20,000 (500) 19,500
+ Furniture + + + + + + + + + + + + + + + + + + + + + + + + +

Solution: Refer to Illustration 3 Page No. 5.5.
Stock (12,000)
` 30,000 0 30,000 0 30,000 0 30,000 (4,000) 26,000 14,000 40,000 54,000 20,000 74,000 0 74,000 0 74,000 (8,000) 66,000 0 66,000 0 66,000

+ + + + + + + + + + + + + + + + + + + + + + + + + +
Bank ` 1,00,000 0 1,00,000 50,000 1,50,000 (1,00,000) 50,000 0 50,000 0 50,000 0 50,000 0 50,000 0 50,000 0 50,000 0 50,000 0 50,000 0 50,000

+ + + + + + + + + + + + + + + + + + + + + + + + + +

Cash ` 50,000 0 50,000 0 50,000 0 50,000 0 50,000 16,000 66,000 (40,000) 26,000 0 26,000 (3,000) 23,000 (2,000) 21,000 10,000 31,000 0 31,000 0 31,000

Transaction No. (i) (ii) New Equation (iii) New Equation (iv) New Equation (v) New Equation (vi) New Equation (vii) New Equation (viii) New Equation (ix) New Equation (x) New Equation (xi) New Equation (xii) New Equation (xiii) New Equation