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Solution of practical problem on accounting equationhi, i am ved bangia. +918800215448 in this lecture i have discussed the concept of double entry system form o. Mohit has the following transactions, prepare accounting equation.
Business started with cash ₹ 1,75,000 b. This video introduces the first level of expanded accounting equation, also known as balance sheet equation and provides three practice quiz question. See the below link for more resources, including as a list of all my videos, practice exercises, excel templates, and study notes.
Purchased goods from rohit 50,000 c. For full course, visit. Many students in introductory accounting struggle with questions that test their knowledge of the expanded equation.
Welcome to our channel ‘smart lectures’. This problem works through the idea that assets = liabilities + owner's equity, using basic transactions related to a new business.