Question

D
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10
Prepare the accounting equation to show the effect of following transactions in
the books of M/s Goenka Enterprises:
a. Started business with cash Rs. 200000, Goods Rs 300000, Machinery Rs.
500000
b. Sold goods to Rakesh (costing Rs. 15000) for Rs. 18000 out of which
Rs.5000 received in cash.
c. Depreciation on machinery @10%.
d. Advance commission received Rs. 5000.
Received cash from Rakesh and 10% discount allowed to him in full
settlement of his account.
f. Withdrawn goods from the business for personal use 50000
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Answer 1

Explanation:

picture is attached go through it