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repare an Accounting Equation' from the following information of Akshita :
The following balances appeared in the books of Akshita :
Cash
* 80,000
Cash at Bank
* 20,000
Stock
* 30,000 -5ood
Machinery
20,000
Outstanding salary
10,000 +
Prepaid insurance
*1,000 -
Sold goods costing 75,000 on credit to Manish for
allowing
Received
from Manish after being a cash discount of 300
which was 5% of the amount due from him.
Paid cash 5,000 for outstanding salary.--
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dom Handloom;
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