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    Ajay Chaudhary Classes Being Brilliant Class 11 Account

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    ajay chaudhary
    Rohan started a business with Rs. 500,000 cash. He purchased a building for Rs. 10,000,000 by taking a loan from PNB and paid Rs. 2,000,000 as interest and installment. He purchased goods worth Rs. 1,000,000 on credit from Kartik and returned goods worth Rs. 20,000. He sold goods that cost Rs. 40,000 for Rs. 50,000 on credit to Vishu. The document also lists transactions for another business including starting with Rs. 6,000,000 cash and Rs. 3,000,000 in goods, various purchases and sales with profits and losses, and payments for expenses. It asks to show

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    Ajay Chaudhary Classes Being Brilliant Class 11 Account

    Uploaded by

    ajay chaudhary
    21 views1 page
    Rohan started a business with Rs. 500,000 cash. He purchased a building for Rs. 10,000,000 by taking a loan from PNB and paid Rs. 2,000,000 as interest and installment. He purchased goods worth Rs. 1,000,000 on credit from Kartik and returned goods worth Rs. 20,000. He sold goods that cost Rs. 40,000 for Rs. 50,000 on credit to Vishu. The document also lists transactions for another business including starting with Rs. 6,000,000 cash and Rs. 3,000,000 in goods, various purchases and sales with profits and losses, and payments for expenses. It asks to show

    Original Description:

    this is a simple practise paper for class 11

    Original Title

    test for class 11

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    Rohan started a business with Rs. 500,000 cash. He purchased a building for Rs. 10,000,000 by taking a loan from PNB and paid Rs. 2,000,000 as interest and installment. He purchased goods worth Rs. 1,000,000 on credit from Kartik and returned goods worth Rs. 20,000. He sold goods that cost Rs. 40,000 for Rs. 50,000 on credit to Vishu. The document also lists transactions for another business including starting with Rs. 6,000,000 cash and Rs. 3,000,000 in goods, various purchases and sales with profits and losses, and payments for expenses. It asks to show

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    21 views1 page

    Ajay Chaudhary Classes Being Brilliant Class 11 Account

    Uploaded by

    ajay chaudhary
    Rohan started a business with Rs. 500,000 cash. He purchased a building for Rs. 10,000,000 by taking a loan from PNB and paid Rs. 2,000,000 as interest and installment. He purchased goods worth Rs. 1,000,000 on credit from Kartik and returned goods worth Rs. 20,000. He sold goods that cost Rs. 40,000 for Rs. 50,000 on credit to Vishu. The document also lists transactions for another business including starting with Rs. 6,000,000 cash and Rs. 3,000,000 in goods, various purchases and sales with profits and losses, and payments for expenses. It asks to show

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Ajay Chaudhary Classes

    Being Brilliant
    Class 11th Account
    (1) Create an accounting equation on the basis of the following transactions and
    show the resulting balance sheet:
    Amt
    (a) Rohan started business with cash 5,00,000
    (b)Purchased a building from kartik, paid by raising a loan from PNB 10,00,000
    (c) Pain interest on loan 20,000 and instalment of 2,00,000
    (d) Purchased goods from kartik on credit 1,00,000
    (e) goods returned to kartik costing 20,000
    (f) Sold goods costing 40,000 for 50,000 on credit to vishu
    (g) Took goods of 10,000 from business for personal
    (h) Accrued interest 5,000

    (2) Show the accounting equation on the basic of the following transaction:
    (a) Started business with cash 6,00,000 and goods 3,00,000
    (b) Purchased goods for cash 4,00,000 and on credit 2,50,000
    (c) Goods costing 4,80,000 sold at a profit of 33 1/3 % three-fourth payment
    received in cash.
    (d) Goods costing 2,00,000 sold at a loss of 5% out of which 1,20,000 received in
    cash.
    (e) paid rent 40,000 and salary 60,000
    (f) Received cash from debtors 1,50,000
    (g) Paid telephone bill amounting to 8,000

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