1. Started business with cash 1,20,000 …

Capital+liabilities=assets. 1-1,20,000+00=1,20,000(started business). 2-00. + 00=+10,0003(for goods). -10,0003(for cash). ___________________________________ 3-1,20,000+00=1,20,000. +5000 (rentrecieve) +00=+5000.(cash ). _________________________ 4-1,25,000+00=1,25,000. 00 +2,000(creditors)=+2,000(creditors) _________________________ 5- 1,25,000 + 2,000 = 1,27,000. +700 (cash) +00 =+700(cash) ____________________________ 6- 1,25,700 + 2,000 = 1,27,700. +7,000(cash) +00. =+7,000(cash) ____________________________ 7- 1,32,700 + 2,000 =1,34,700. -500 (cash) +00 =-700. _____________________________ 1,32,200 + 2000 =1,34,000 ______________________________