Question

From the following particulars prepare the Accounting equation.
1. Started business with cash `75,000, Machinery `25,000 and Stock `50,000 2. Sold goods to Teena costing `15,000 at a profit of 33 1 % and received half the amount in cash.
3. Purchased goods from Rohit for `50,000 and paid half amount in cash.
4. Depreciate Machinery by `5,000
5. Paid Salary `5,000
6. Rent of office outstanding `10,000
7. Commission received `2,000

Answer 1

Answer:

4

Explanation:

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