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CBSE Class 11 Pre Board 2020 : Accountancy (Delhi Public School (DPS), Jammu)

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DELHI PUBLIC SCHOOL, JAMMU FINAL ASSIGNMENT ACCOUNTANCY Q1 Show the accounting equation on the basis of following transactions and present a final Balance Sheet. Rs. Q2. (i) Madam Rathore commenced a business 35,000 (ii) Purchased goods on credit 7,000 (iii) Withdrawn for private use 850 (vi) Purchased goods for cash 5,000 (v) Paid wages 150 (vi) Paid to creditors 5,000 (vii) Sold goods on credit (cost price Rs. 6,000) 7,500 (viii) Sold goods for cash (cost price Rs. 1,500) 2,000 (ix) Purchased furniture 250 (x) Received from debtors 7,500 (xi) Allowed interest on capital 175 Using following balances and transaction show accounting equation: cash Rs. 6,000, Bank Balance Rs. 1,500, Debtors Rs. 3,000, Goods Rs. 4,500. Furniture Rs. 3,000, Creditors Rs. 5,250 and Capital Rs. 12,,750 (i) Purchase goods for cash 1,500 (ii) Purchased goods from Ram Saram 1,500 (iii) Returned goods to Ram Saram 300 (iv) Bad Debtors 750 (v) Goods lost by fire 750 (vi) Amount received by cheque from debtors 1,500 (vii) Goods costing Rs. 3,000 sold at 20% profit, half the amount received in cash

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