Question

Give the accounting equations for the following transactions:
1. Miss Priti started business with ` 75,000.
2. Paid electricity bill ` 500.
3. Cash Sales ` 15,000.
4. Received commission from Sushila ` 1,000.
5. Charged depreciation ` 400 on machinery.​

Answer 1

75000 - 500 - 15000 - 1000 - 400 = 58100

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