Journalise the following transactions, post to the ledger: Nov. 01 Business started with (i) Cash 1,50,000 (ii) Goods 50,000 Nov. 03 Purchased goods from Harish 30,000 Nov. 05 Sold goods for cash 12,000 Nov. 08 Purchase furniture for cash 5,000 Nov. 10 Cash paid to Harish on account 15,000 Nov. 13 Paid sundry expenses 200 Nov. 15 Cash sales 15,000 Nov. 18 Deposited into bank 5,000 Nov. 20 Drew cash for personal use 1,000 Nov. 22 Cash paid to Harish in full settlement of account 14,700 Nov. 25 Good sold to Nitesh 7,000 Nov. 26 Cartage paid 200 Nov. 27 Rent paid 1,500 Nov. 29 Received cash from Nitesh 6,800 Discount allowed 200 Nov. 30 Salary paid 3,000

Mohit has the following transactions, prepare accounting equation: (a) Business started with cash 1,75,000 (b) Purchased goods from Rohit 50,000 (c) Sales goods on credit to Manish (Costing 17,500 20,000) (d) Purchased furniture for office use 10,000 (e) Cash paid to Rohit in full settlement 48,500 (f) Cash received from Manish 20,000 (g) Rent paid 1,000 (h) Cash withdrew for personal use 3,000

Journalise the following transactions: Dec. 01 Hema started business with cash 1,00,000 Dec. 02 Open a bank account with SBI 30,000 Dec. 04 Purchased goods from Ashu 20,000 Dec.06 Sold goods to Rahul for cash 15,000 Dec.10 Bought goods from Tara for cash 40,000 Dec.13 Sold goods to Suman 20,000 Dec.16 Received cheque from Suman 19,500 Discount allowed 500 Dec.20 Cheque given to Ashu on account 10,000 Dec.22 Rent paid by cheque 2,000 Dec.23 Deposited into bank 16,000 Dec.25 Machine purchased from Parigya 10,000 Dec.26 Trade expenses 2,000 Dec.28 Cheque issued to Parigya 10,000 Dec.29 Paid telephone expenses by cheque 1,200 Dec.31 Paid salary 4,500

Shown the accounting equation on the followimg transacitions : (a) Ram started business with ₹25,000. (b) Purchases goods from Shyam ₹10,000. (c) Sold goods to Sohan costing ₹1,500 for ₹1,800.

Prepare accounting equation on the basis of the following : (a) Harsha started business with cash 2,00,000m (b) Purchased goods from Naman for cash 40,000 (c) Sold goods to Bhanu costing 10,000/- 12,000 (d) Bought furniture on credit 7,000

Rohit has the following transactions : (a) Commenced business with cash 1,50,000 (b) Purchased machinery on credit 40,000 (c) Purchased goods for cash 20,000 (d) Purchased car for personal use 80,000 (e) Paid to creditors in full settlement 38,000 (f) Sold goods for cash costing 5,000 4,500 (g) Paid rent 1,000 (h) Commission received in advance 2,000 Prepare the Accounting Equation to show the effect of the above transactions on the assets, liabilities and capital.

Perpare Accounting Equation from the following : (i) Started business with cash ₹1,00,000 and Goods ₹20,000. (ii) Sold goods worht ₹10,000 for cash ₹12,000 (iii) Purchased furniture on credit for ₹ 30,000.

Prepare an Accounting Equation from the following: Started business with cash ₹1,00,000. (ii) Purchased goods for cash 20,000 and on credit ? ₹30,000. (iii) Sold goods for cash costing 10,000 and on credit costingt ₹15,000 both at a of 20%.

Enter the following Transactions in the Journal of Mudit : 2017 Jan.01 Commenced business with cash 1,75,000 Jan.01 Building 1,00,000 Jan.02 Goods purchased for cash 75,000 Jan.03 Sold goods to Ramesh 30,000 Jan.04 Paid wages 500 Jan.06 Sold goods for cash 10,000 Jan.10 Paid for trade expenses 700 Jan.12 Cash received from Ramesh 29,500 Discount allowed 500 Jan.14 Goods purchased for Sudhir 27,000 Jan.18 Cartage paid 1,000 Jan.20 Drew cash for personal use 5,000 Jan.22 Goods use for house hold 2,000 Jan.25 Cash paid to Sudhir 26,700 Discount allowed 300

Use accounting equation to show the effect of the following transactions of M/s Royal Traders: M/s Royal Traders: (a) Started business with cash 1,20,000 (b) Purchased goods for cash 10,000 (c) Rent receive 5,000 (d) Salary outstanding 2,000 (e) Prepaid Insurance 1,000 (f) Received interest 700 (g) Sold goods for cash (Costing 5,000 7,000 (h) Goods destroyed by fire 500