Question

11. Show an accounting
equation for the following
transactions-(a) D. Mahapatra
commenced business with
cash Rs.50.000 and
Rs. 1,00,000 by cheque.goods
Rs.60.000.machinery
Rs. 100.000 and furniture
Rs.50.000 (b) 1/3rd of the
above goods sold at a profit of
10% on cost and half of the
payment is received in cash.
(c) Depreciation on machinery
provided @ 10%. (d) Cash
withdrawn forpersonal use
Rs. 10,000. (e) Interest on
drawings charged @ 5%.​

Answer 1

Answer:

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