Question

(a) Machinery
(b) Purchases
(c) Sells Return
Q21. Show the accounting equation on the basis of the following transactions:
i. Mohan started business with cash Rs. 40,000 & machinery Rs. 3,00,000.
ii. Sold goods casting Rs. 12,000 on credit.
iii. Depreciate Machinery by 5%.​

Answer 1

Answer:

b........

Explanation:

............

Answer 2

Answer:

b

Explanation:

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