Name: Surendra Manandhar

Class No. 11531

Assignment 1 Account Equation
Date Submitted 22 Feb 2011

Tansactions Assets Capital + Lia

Cash Stock/Goods Bills Receivable Machinery Capital Stock Bills Payable
a 1000000 100000 1100000
b -50000 50000
c 20000 20000
d -10000 15000 5000
e 200000 -100000 50000
f 45000 -50000
g -18000 -20000

h -10000 10000
i -5000
j 6000
k -5000 5000
Sub- total 1153000 40000 50000 10000 1100000 5000
Total 1253000 1253000

Accounting Equation
Assets = Capital + Liabilities
Cash +Stocks + Receivable+ Machinery = Capital + Payable + Retained Earnings
1153000 +40000 + 50000 + 10000 = 1100000 + 5000 + 148000
1253000
 Capital + Liabilities
Retained Earnings(Income-Expense -Devident

150000
-5000

2000 Commision

-5000
6000

148000
1253000

es
ained Earnings
1253000 =