Question

. Prepare accounting equation :
a. Mr. Fasal started a business with cash 20,000
b. He took bank loan 1,00,000
c. He purchased goods for 15,000
d. He sold 50% of goods at a profit of 20% on cost.
e. He sold 10% of the remaining goods at a profit of 10%
f. Allowed interest on capital 1,500

Answer 1

Answer:

10%699

Explanation:

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