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: INR 1,15,000. ``` 

Date: April 12, 2022 Purchased inventory on credit: INR 1,12,000. ``` 

Date: April 15, 2022 Made sales on credit: INR 1,18,000.

 Date: April 18, 2022 Returned some defective inventory for cash: INR 12,000. 

Date: April 20, 2022 Accepted returned goods from a customer: INR 13,500. 

Date: April 25, 2022 Paid wages to employees: INR1 8,000. 

Date: April 28, 2022 Paid salaries to employees: INR 1,15,000. 

Date: April 30, 2022 Charged depreciation on machinery for the month: INR 1150

3.Prepare Accounting Equation for the following transactions:

 April 1, 2022 Mr. A introduced INR 3,50,000 as capital into the business.

 Date: April 5, 2022 Purchased inventory for cash: INR 3000. ``` 

Date: April 10, 2022 Made sales for cash: INR 3500. ``` 

Date: April 12, 2022 Purchased inventory on credit: INR 42,000. ``` 

Date: April 15, 2022 Made sales on credit: INR 28,000.

 Date: April 18, 2022 Returned some defective inventory for cash: INR 32,000. 

Date: April 20, 2022 Accepted returned goods from a customer: INR 13,500. 

Date: April 25, 2022 Paid wages to employees: INR1 8,000. 

Date: April 28, 2022 Paid salaries to employees: INR 35,000. 
Date: April 30, 2022 Charged depreciation on machinery for the month: INR 11,500.

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