Transactions of M/s Vipin Traders are given below. Show the effects on Assets, Liabilities and Capital with the help of accounting Equation. (a) Business started with cash1,25,000 (b) Purchased goods for cash 50,000 (c) Purchase furniture from R.K. Furniture 10,000 (d) Sold goods to Parul Traders (Costing 7,000 vide 9,000 bill no. 5674) (e) Paid cartage 100 (f) Cash Paid to R.K. furniture in full settlement 9,700 (g) Cash sales (costing10,000) 12,000 (h) Rent received4,000 (i) Cash withdrew for personal use 3,000

Transactions of M/s Vipin Traders are given below. Show the effects on

1.	Transactions of M/s Vipin Traders are given below. Show the effects on Assets, Liabilities and Capital with the help of accounting Equation. (a) Business started with cash1,25,000 (b) Purchased goods for cash 50,000 (c) Purchase furniture from R.K. Furniture 10,000 (d) Sold goods to Parul Traders (Costing 7,000 vide 9,000 bill no. 5674) (e) Paid cartage 100 (f) Cash Paid to R.K. furniture in full settlement 9,700 (g) Cash sales (costing10,000) 12,000 (h) Rent received4,000 (i) Cash withdrew for personal use 3,000
Answer» <html><body><p></p>Solution :Asset = cash 78,200 + <a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a> 33,000 + Furniture 10,000 Debtors9,000 = 1,30,200, Liabilities = <a href="https://interviewquestions.tuteehub.com/tag/capital-908677" style="font-weight:bold;" target="_blank" title="Click to know more about CAPITAL">CAPITAL</a> 1,30,200</body></html>

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