Question

M/s Pravesh and Sons is showing following transactions. Prepare accounting equation and
Balance Sheet
(i) Commenced businesswithcash.....
.........Rs.120000/-. Cabe
(ii)Purchasedgoodson credit for ....... ................ Rs. 90,000.-
(11) Purchasedmachinerz.
.....Rs.25.000.
(iv)Owner sold his personal car and invested amount business.Rs.20,000. Bar
(v) Goods Costing Rs 25000 is sold at a profit of 20% on cost price
(vi) Interest on capital @ 10% on initial capital is to be provided​

Answer 1

Answer:

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