1. Discuss and analyze the following transactions for X Ltd, using the concept of
accounting equation (Assets, Liabilities, and Equities).
1. Purchased Furniture for Rs675000
2. Capital Introduced by the business Owner by depositing 12 Lakhs in the bank account
3. Goods purchased on credit from Aman Enterprises for Rs105000

4. Goods sold on credit for Rs 400000. The cost of the goods sold was Rs 300000
5. Purchased goods from Sneha Enterprises for Rs 600000 and made the payment from the
business's bank account

2. Love Doddle is a gifting enterprise of Ms. Dorati. The enterprise generates inflows by
arranging gift hampers for the customer's loved ones. The inflows arise from the sale of
gift hampers Rs 505000 and from bank interest, dividend receipt Rs4200. Ms. Dorati is
confused about how to record these inflows. She would like to understand from you about
the concepts of Revenue from the operation and other income so that she can record the
information so as to prepare the profit and loss statement of the enterprise. Define, share
examples, and elaborate on your understanding of the terms Revenue from
Operation and Other Income

3. The following information is given with respect to the ratio's of two companies

a. Define the concepts of Current and Quick ratio’s and also, reflect on your understanding
of the financial performance of the companies by looking at the above information
(2marks for defining and 3 marks for interpretation and reasoning) 

b. Define the terms- Return on Investment and Debt equity ratio and also, reflect on
your understanding towards the financial performance of the companies (2marks for
defining and 3 marks for interpretation and reasoning)