Page 43 - ISCDEBK-XI

Accounting Equation 6.9

Capital (`) 6,10,000 6,10,000 1,000 6,11,000 0 6,11,000 1,000 6,10,000 1,000 6,09,000 5,000 6,04,000 1,50,000 4,54,000 5,000 4,59,000 0 4,59,000 1,000 4,58,000 0 4,58,000 0 4,58,000 10,000 10,000 4,58,000 3,000 3,000 4,58,000 50,000 4,08,000

+ Outstanding + Exp. (`) + 0 + + 0 + + 0 + + 0 + + 0 + + 0 + – 1,000 + + 1,000 + – 0 + + 1,000 + – 0 + + 1,000 + – 0 + + 1,000 + + 0 + + 1,000 + + 0 + + 1,000 + – 1,000 + + 2,000 + + 0 + + 2,000 + + 0 + + 2,000 + + 0 + – + 2,000 + + 0 + – + 2,000 + – 0 + + 2,000 +

Liabilities + Capital B/P + ` 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 0 + 15,000 + 15,000 + 0 + 15,000 + 0 + 15,000 + 0 + 15,000 +

Loan
0
`
0
0
0
0
0
0
0
0
0
1,00,000 0 1,00,000 0 1,00,000 0 1,00,000 0 1,00,000 0 1,00,000 15,000 85,000 0 85,000 0 85,000 50,000 1,35,000
0
+ + + + + + + + + + + + + + + + + + + + + + + – + + + + + + +

Unearned Comm. (`) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,000 10,000 0 10,000 0 10,000 0 10,000 0 10,000 0 10,000 0 10,000
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
Accrued Int. (`) 0 0 0 0 0 0 0 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
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
Prepaid Exp. (`) 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 7,000 12,000 0 12,000 0 12,000 0 12,000 0 12,000

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
Furniture ` 10,000 10,000 0 10,000 0 10,000 0 10,000 1,000 9,000 0 9,000 0 9,000 0 9,000 0 9,000 0 9,000 0 9,000 0 9,000 0 9,000 0 9,000 0 9,000

Assets + + + + + + + + + – + + + + + + + + + + + + + + + + + + + + +

Debtors ` 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 5,000 0 5,000 0 5,000 0 5,000 0 5,000

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

Stock ` 1,00,000 1,00,000 4,000 96,000 0 96,000 0 96,000 0 96,000 5,000 91,000 0 91,000 0 91,000 0 91,000 0 91,000 0 91,000 0 91,000 0 91,000 0 91,000 0 91,000

+ + + – + + + + + + + – + + + + + + + + + + + + + + + + + + +
Cash ` 5,00,000 5,00,000 0 5,00,000 –5,000 4,95,000 0 4,95,000 0 4,95,000 0 4,95,000 –50,000 4,45,000 0 4,45,000 10,000 4,55,000 0 4,55,000 –7,000 4,48,000 0 4,48,000 0 4,48,000 0 4,48,000 0 4,48,000

Solution: Transaction No. 1. New Equation 2. New Equation 3. New Equation 4. New Equation 5. New Equation 6. New Equation 7. New Equation 8. New Equation 9. New Equation 10. New Equation 11. New Equation 12. New Equation 13. New Equation 14. New Equation 15. New Equation