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6.4 Double Entry Book Keeping—ISC XI

0 0
Capital ` 2,65,000 2,65,000 (3,750) 2,61,250 5,000 2,66,250 (5,000) 2,61,250 (3,000) 2,58,250 (16,000) 2,42,250 (15,000) 2,27,250 4,000 (4,000) 2,27,250

+ + + + + + + + + + + + + + + + + + + +
Liabilities + Capital M/s. XYZ + ` 0 + 1,00,000 + 1,00,000 + 0 + 1,00,000 + 0 + 1,00,000 + 0 + 1,00,000 + 0 + 1,00,000 + 0 + 1,00,000 + 0 + 0 + 1,00,000 + 0 + 0 + 1,00,000 +

Loan 1,75,000 0 1,75,000 0 1,75,000 0 1,75,000 0 1,75,000 (22,000) 1,53,000 0 1,53,000 0 0 1,53,000 0 0 1,53,000
`

= = = = = = = = = = = = = = = = = = = = =

Security Deposit (`) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50,000 50,000 0 0 50,000

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

B/R ` 0 0 0 0 0
0 0 0 0 4,000 4,000 0 4,000 4,000 4,000 0 4,000 0 4,000

+ + + + + + + + + + + + + + + + + + + +
0 0 0 0 0 0 0 0 0
Stock ` 1,00,000 1,00,000 1,00,000 (15,000) 85,000 85,000 85,000 85,000 85,000 85,000
Assets + + + + + + + + + + + + + + + + + + + +
Solution: Refer to Illustration 3 on Page No. 6.2.

Furniture ` 15,000 0 15,000 (3,750) 11,250 0 11,250 0 11,250 0 11,250 0 11,250 0 0 11,250 0 0 11,250

+ + + + + + + + + + + + + + + + + + + +
Machinery ` 25,000 0 25,000 0 25,000 0 25,000 0 25,000 0 25,000 0 25,000 0 0 25,000 0 0 25,000

+ + + + + + + + + + + + + + + + + + + +
Cash ` 4,00,000 0 4,00,000 0 4,00,000 16,000 4,16,000 (5,000) 4,11,000 (25,000) 3,86,000 (16,000) 3,70,000 (15,000) (50,000) 3,05,000 0 0 3,05,000

Transactions 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