Question

Prepare Accounting Equation from the following information : 1. Silky started business with cash ` 50,000; Machine ` 80,000 and Stock ` 70,000. 2. Sold goods to Hitesh for ` 25,000 out of which ` 10,000 were received in cash and ` 15,000 were to be received after 1 month. These goods were sold at a profit of 25% on cost.
3. Depreciate machinery by 10%. 4. Paid salary ` 5,000 in cash and outstanding salary ` 2,000

Answer 1

Answer:

we don't have this in our syllabus

Explanation:

sry to say tgat but it's trur