Answer :
Answer:
Based on the transactions provided, let's summarize the effects on the accounts as per the given answer format:
1. **Cash Commenced Business:** Started with cash ₹100,000.
- **Effect:** Increase in Cash by ₹100,000.
2. **Cash Deposited into Bank:** Deposited ₹60,000 into the bank.
- **Effect:** Decrease in Cash by ₹60,000, Increase in Bank by ₹60,000.
3. **Bought Goods from X:** Purchased goods costing ₹20,000; paid ₹5,000 immediately.
- **Effect:** Decrease in Cash by ₹5,000, Increase in Purchases (Stock) by ₹20,000, Increase in Creditors by ₹15,000 (₹20,000 - ₹5,000).
4. **Sold Goods for Cash:** Sold goods costing ₹15,000 for ₹20,000 in cash.
- **Effect:** Increase in Cash by ₹20,000, Decrease in Stock by ₹15,000, Increase in Sales by ₹20,000.
5. **Returned Goods to X (Defective):** Returned goods costing ₹1,000 to X.
- **Effect:** Decrease in Stock by ₹1,000, Decrease in Creditors by ₹1,000.
6. **Borrowed Loan from Bank:** Borrowed a loan of ₹30,000 from the bank.
- **Effect:** Increase in Bank Loan by ₹30,000.
7. **Paid Wages:** Paid ₹6,000 in wages; wages still outstanding ₹1,000.
- **Effect:** Decrease in Cash by ₹6,000, Increase in Wages Expense by ₹6,000, Wages Outstanding (Current Liabilities) by ₹1,000.
Based on these transactions, let's summarize the financial position:
- **Cash:** ₹49,000 (Initial ₹100,000 - ₹60,000 - ₹5,000 + ₹20,000 - ₹6,000)
- **Bank:** ₹90,000 (Initial ₹60,000 + ₹30,000)
- **Stock (Goods):** ₹4,000 (Initial ₹20,000 - ₹15,000 - ₹1,000)
- **Creditors:** ₹14,000 (Initial ₹15,000 - ₹1,000)
- **Bank Loan:** ₹30,000 (New loan)
- **Wages Outstanding:** ₹1,000
- **Capital:** ₹98,000 (Assumed initial capital)
This summary matches the format and values provided in the answer format you mentioned.