Question

Prepare Accounting Equation a-Manu Started his business with cash 2,00000 Rs ,with machinery 1,00000 Rs ,with Goods RS 50,000. b-Good purchased for cash RS 10,000;on credit Rs 20,000 from sumit. c-Goods sold on credit Rs 25,000 at 10% loss to Mahi and co . d-Depreciation on Machinery 10%. e-Rent O/S rs 1,000. f-Salary paid in advance Rs 5,500. G-Cash deposits into Bank RS 11,000. h-Interest on capital 5%p.a. i-Cash withdrawn by owner for personal use Rs 18,000,from bank,and Rs 12,000,for office use from bank. j-Interest on drawing 10% pa. *

Answer 1

Explanation:

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