Basic Accounting
Equation
Course Title: Accounting & Financial
Management Course
Code: MPSM 513
Assignment on
Math Practice
Assignment
Given By:
Mohammed Mojahid
Hossain Chowdhury Assistant Professor
Department of Port and
Shipping Management, BSMRMU
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1. Mr. Ali started a business with three building cost
Tk. 500,000 and with cash Tk. 30,000.
Transaction #1
Asset = Liabilities + Owners Equity
Cash Supplies Equipment Payable Capital
30000 = 30000
(Investment)
02.One buyer bought an apartment cost Tk. 35,000 but
didn’t pay yet.
Transaction #2
Asset = Liabilities
+ Owners Equity
Cash Account Receivable Supplies Equipment
Account Payable Capital
30000 35,000 =
30000
(+) 35000
Balance
65,000
3. He pays Membership fees of Tk.1500 for REHAB.
Transaction #3
Asset =
Liabilities + Owners Equity
Balance Cash Account Receivable Supplies
Equipment Account Payable Capital
30000 35,000
= 65000
(-) 1500
1500 (REHAB) (-1500)
Balance = 28,500
1500
63,500
4. Depreciation of the building is charged Tk.1200
for the year.
Transaction #4
Asset =
Liabilities + Owners Equity
Balance Cash Account Receivable Supplies
Equipment Account Payable Capital
28500 35,000
= 63,500
(-)1200
1200(Depreciation) (-
1200)
Balance = 27300
62,300
5. Buys a land costing Tk. 500.
Transaction #5
Asset =
Liabilities + Owners Equity
Balance Cash Account Receivable Supplies
Equipment Account Payable Capital
27300 35,000
500(Land) = 62300
(-)500
(-500)
Balance = 26,800
61,800
6. He pays salary expense Tk. 700 cash.
Transaction #6
Asset =
Liabilities + Owners Equity
Balance Cash Account Receivable Supplies
Equipment Account Payable Capital
27,300 35,000 700 (Salary
Ex) = 62,300
(-)700
(-700)
Balance = 26,100
61,100
7. Utility bill of the year I not paid yet.
Transaction #7
Asset =
Liabilities + Owners Equity
Balance Cash Account Receivable Supplies
Equipment Account Payable Capital
27300 35,000
= (-) Utility Bill .
Balance = 26100
61,100
8. Withdraws Tk. 1000 for personal use by Mr. Ali.
Transaction #8
Asset =
Liabilities + Owners Equity
Balance Cash Account Receivable Supplies
Equipment Account Payable
Capital
26,100 35,000
= (-) Utility Bill 61,100
(-)1000
(-) Utility Bill (-1000)
Balance = 25,100
60,100
9. Gets Tk. 2000 as advance for buying an
apartment.
Transaction #9
Asset =
Liabilities + Owners Equity
Balance Cash Account Receivable Supplies
Equipment Account Payable
Capital
25,100 (+)35,000
= (-) Utility Bill 60,100
(+)2000 Advance
(-) Utility Bill (+2000)
Balance = 27,100
62,100
10.Pays Tk. 3000 as advance for Construction.
Transaction #10
Asset =
Liabilities + Owners Equity
Balance Cash Account Receivable Supplies
Equipment Account Payable
Capital
27,100 (+)35,000
= (-) Utility Bill 62,100
(-)3000 Pays for Const.
(-) Utility Bill (-3000)
Balance = 24,100
59,100
Summary of the business#
Asset =
Liabilities + Owners Equity
Balance Cash Account Receivable Supplies
Equipment Account Payable
Capital
27,100
= (-) Utility Bill 59,100
27,100 +35,000
.
Balance = 59,100
Assignment Submitted by:
MPSM-06th Batch, BSMRMU
