Question

For the following transactions draft suitable accounting equations and represent
the same in the form of a balance sheet
a. Introduced capital Rs. 3, 00,000, 50% of which was in form of goods, the balance
in the form of Machinery and Cash equally.
b. Sold the above stock for Rs. 2,00,000, 50% was received in cash and balance is on
credit with Mr. R
c. Half of Machinery was sold for Rs. 70,000

Answer 1

Explanation:

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