Accounting Equation as on 31.03.

2012
Transactions

Assets
Cash

Started business
Purchase Land &
Building
Purchase
Computer
Deposited into
Bank
Loan from Bank
Interest Paid
Purchase Goods

Goods Sold
Drawings
Purchase
Equipment
Paid Rent In
Advance

Land &
Building

Computer

Bank

Goods

Equipment

-18,000
53,82,000
-20000
53,62,000
70,000
54,32,000
-15000
54,17,000
-40,000
53,77,000
50,000
54,27,000
-4000
54,23,000
-70000
53,53,000
-200
53,52,800

6,00,000
6,00,000

6,00,000

24,000
24,000

6,00,000

24,000

20,000
20,000

6,00,000

24,000

20,000

6,00,000

24,000

20,000

6,00,000

24,000

40,000
20,000 40,000
40000
20,000
0

6,00,000

24,000

20,000

6,00,000

24,000

0
70,000

6,00,000

6,00,000

24,000

24,000

20,000

20,000

70,000

Equity

60,00,000

60,00,000

6,000
6,000

0
60,00,000

0
6,000
70,000
76,000
0
76,000
0
76,000

0
60,00,000
0
60,00,000
-15000
59,85,000
0
59,85,000

0
76,000
76,000

10,000
59,95,000
-4000
59,91,000

0
76,000

0
59,91,000

0
76,000

0
59,91,000

Advance
Rent
Furniture

60,00,000
-600,000
54,00,000

Liability

200
200

Electricity
Expenses

-6000
53,46,800
Stationary
-2000
53,44,800
Salary Paid
-80000
52,64,800
Commission Paid
-9000
52,55,800
Interest
Received
800
52,56,600
Telephone
Expenses
-600
52,56,000
Transportation
Charges
-5000
52,51,000
Depreciation
@10% on Equip.
52,51,000
Purchase
Furniture
-10000
52,41,000

6,00,000

24,000

20,000

70,000

200

0
76,000

6,00,000

24,000

20,000

70,000

200

76,000

6,00,000

24,000

20,000

70,000

200

76,000

6,00,000

24,000

20,000

70,000

200

76,000

-6000
59,85,000
-2000
59,83,000
-80000
59,03,000
-9000
58,94,000

76,000

800
58,94,800

76,000

-600
58,94,200

76,000

-5000
58,89,200

76,000

-7000
58,82,200

76,000

58,82,200

6,00,000

6,00,000

6,00,000

6,00,000

6,00,000

24,000

24,000

24,000

24,000

24,000

20,000

20,000

20,000

20,000

20,000

70,000

70,000

70,000

-7000
63,000

63,000

200

200

200

200

200

10,000
10,000