Question

From the following information, prepare an accounting equation.
(a) Mr. Wakeed started a business with cash * 2,50,000 on Ist April 2009
(b) He Purchased goods worth 10,000.
(c) He purchased refrigerator for personal use for 10,000
(d) Interest allowed on Capital @ 5% p.a.
(e) Interest charged on drawings @ 10% p.a.
Books are being closed on 31st December every year.
-year.​​

Answer 1

Explanation:

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