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Prepare the accounting Equations for the following transactions 31.08.2023

  1.Prepare Accounting Equation for the following transactions: Date: April 1, 2022 Mr. A introduced INR 5,00,000as capital into the business.  Date: April 5, 2022 Purchased inventory for cash: INR 20,000. ```  Date: April 10, 2022 Made sales for cash: INR 15,000. ```  Date: April 12, 2022 Purchased inventory on credit: INR 12,000. ```  Date: April 15, 2022 Made sales on credit: INR 18,000.  Date: April 18, 2022 Returned some defective inventory for cash: INR 2,000.  Date: April 20, 2022 Accepted returned goods from a customer: INR 3,500.  Date: April 25, 2022 Paid wages to employees: INR 8,000.  Date: April 28, 2022 Paid salaries to employees: INR 15,000.  Date: April 30, 2022 Charged depreciation on machinery for the month: INR 1,500. 2.Prepare Accounting Equation for the following transactions: Date: April 1, 2022 Mr. A introduced INR 4,50,000 as capital into the business.  Date: April 5, 2022 Purchased inventory for cash: INR 1,20,000. ```  Date: April 10, 2022 Made sales for cash
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  Note: Good Morning all dear students. Copy only questions in the Blue Book. Write details on your blue book. Before answering in your blue book at 9 am getting my signature is mandatory, otherwise your answer booklet will not be valued. Malpractice is completely prohibited.  Suresh Babu MG        GOVERNMENT FIRST GRADE COLLEGE                                                GAURIBIDANUR 561208                                SUB: ADVANCED FINANCIAL ACCOUNTING                                                                                                                    DATE: 23.07.2023                                                                                                                      TIME: 9AM TO 10.50 AM                                                                                                                                                  Total Marks 20                     Section A     2*2=4                                    1.  Answer any TWO out of FOU
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