WORKSHEET
CLASS:XI
SUBJECT: ACCOUNTANCY
TOPIC: ACCOUNTING EQUATION
Q.1. Prepare an Accounting Equation:
i) Raghu commenced his business with Cash ₹ 1,00,000; bank ₹ 50,000; Building₹ 2,00,000; and Furniture ₹ 40,000.
ii) He purchased goods costing ₹ 25,000 from Mukta, paying ₹ 15,000 immediately.
iii) Salary paid ₹ 12,000.
iv) Of the goods purchased, he sold 1/5th of the goods at a profit of 20% to Shahid at a trade discount of 10%.
v) Rent paid for the building ₹ 6,000, half of the building is occupied for residential purpose.
vi) Purchased a dog for ₹ 8,000.
vii) Shahid paid the amount in full and final settlement, discount allowed 5%
viii) Depreciation allowed on furniture @ 8% p.a. for 9 months.
ix) Cash deposited in bank ₹20,000.
x) Purchased from Sambhav goods costing ₹ 7,000.
xi) Returned goods costing ₹500 to Sambhav.
xii) Deposited Security Deposit with Electrical company ₹ 3,000.
xiii) Interest on capital charged @10% p.a.
xiv) Goods costing ₹ 400 and selling price ₹ 450 were distributed as Charity.
xv) Interest on Drawings ₹150.
xvi) Rent outstanding ₹ 2,500.
xvii) Prepaid Insurance ₹ 1,500.
xviii) Commission Received in Advance ₹ 330
xvix)Accrued Interest ₹ 700.
xx) Paid to Sambhav ₹ 6,400 in full and final settlement.
Q.2. . Calculate total liability if:
Owner’s capital in the beginning is 60, 000.
Creditors at the end are 50,000.
Revenue during the period is 70, 000.
Expenses during the period are 65, 000.
Also calculate owner’s capital at the end
Q.3. Give an example for each of the following types of transactions:
a. Increase in one asset, decrease in another asset.
b. Increase in liability, decrease in owner’s capital.
c. .Increase in one liability, decrease in another liability
Factorise : -3x^2 - x^2y + 6x^2y - 2xy^2 + 3xy^2 - y^3
wmj-gequ-vktThe marked price of a television is Rs 10000. If the VAT amount is 90% of discount amount and they with VAT is Rs 9900, find the discount amountgThe marked price of a television is Rs 10000. If the VAT amount is 90% of discount amount and they with VAT is Rs 9900, find the discount amount
