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SR # Transactions Capital + Liabilities Assets + + + + + + + + + + + + + + +

1. Sania started a business with Rs. 25,000 capital. 2. She deposited Rs. 15,000 into her bank account. 3. Over time, Sania purchased goods and equipment, sold some goods, withdrew money, and paid expenses like rent, salaries and bills. She also purchased some goods on credit.

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umair talash
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44 views

SR # Transactions Capital + Liabilities Assets + + + + + + + + + + + + + + +

1. Sania started a business with Rs. 25,000 capital. 2. She deposited Rs. 15,000 into her bank account. 3. Over time, Sania purchased goods and equipment, sold some goods, withdrew money, and paid expenses like rent, salaries and bills. She also purchased some goods on credit.

Uploaded by

umair talash
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Sr # Transactions Capital + Liabilities = Assets

Cash
1 Sania started business with cash 25000 + 0 = 25000
2 Cash deposited to bank account + = -15000
New Equation 25000 + 0 = 10000
3 Goods purchased on cheque + =
New Equation 25000 + 0 = 10000
4 Purchased equipment on cash + = -2500
25000 + 0 = 7500
5 Sold goods on cash 200 + = 1200
25200 + 0 = 8700
6 Drawings -3000 + = -3000
22200 + 0 = 5700
7 Paid rent and salaries -3700 + = -3700
18500 + 0 = 2000
8 Paid utility bills -2000 + =
16500 + 0 = 2000
9 Purchased goods on Credit + 3000 =
16500 0 3000 0 2000

Closing balance 19500


Assets
Bank Goods Equipment
1 §Sania started business and invested Rs. 25000
15000 2 §One day one Rs. 15000 were deposited to bank from those Rs.25
15000 0 0 3 §Purchased goods worth Rs. 4000 and paid through cheque.
-4000 4000 4 §Purchased equipment worth Rs. 2500
11000 4000 0 5 §Sold goods for Rs. 1200 (Worth Rs. 1000)
2500 6 §Sania withdrawn Rs. 3000 for personal use
11000 4000 2500 7 §Paid rent Rs.1500 and salaries Rs. 2200
-1000 8 §Paid utility bills of Rs. 2000 by cheque
11000 3000 2500 9 §Purchased goods worth Rs. 3000 on credit

11000 3000 2500 22200 3700

11000 3000 2500 18500


-2000
9000 3000 2500 16500
3000
9000 6000 2500 19500

19500
o bank from those Rs.25000
d through cheque.
Sr # Transactions Capital + Liabilities =

1 Sania started business 25000 + =


2 Cash deposited to bank account + =
New Equation 25000 + =
3 Purchased goods on cheque + =
New Equation 25000 + =
4 Purchased equipment on cash + =
New Equation 25000 + =
5 Sold goods 200 + =
New Equation 25200 + =
6 Drawings -3000 + =
New Equation 22200 + =
7 Paid Rent and Salaries -3700 + =
New Equation 18500 + =
8 Paid Utility bills -2000 + =
New Equation 16500 + =
9 Purchased goods on credit + 3000 =
New Equation 16500 + 3000 =
Assets
Cash Bank Goods Equipment
25000 1 §Sania started business and invested Rs. 25000
-15000 15000 2 §One day one Rs. 15000 were deposited to bank from those Rs.25
10000 15000 0 0 3 §Purchased goods worth Rs. 4000 and paid through cheque.
-4000 4000 4 §Purchased equipment worth Rs. 2500
10000 11000 4000 0 5 §Sold goods for Rs. 1200 (Worth Rs. 1000)
-2500 2500 6 §Sania withdrawn Rs. 3000 for personal use
7500 11000 4000 2500 7 §Paid rent Rs.1500 and salaries Rs. 2200
1200 -1000 8 §Paid utility bills of Rs. 2000 by cheque
8700 11000 3000 2500 9 §Purchased goods worth Rs. 3000 on credit
-3000
5700 11000 3000 2500
-3700
2000 11000 3000 2500
-2000
2000 9000 3000 2500
3000
2000 9000 6000 2500
o bank from those Rs.25000
d through cheque.

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