Question

Prepare Accounting equation on the basis of following information:

a. Sohan started business with Cash =80,000

i.Machinery =10,000

ii.And stock =10,000

b. Interest on the above capital was allowed @ 10%

c. Money withdrew from the business for his personal use 10,000/-

d. Interest on drawings 500/-

e. Depreciation charged on machinery 2,000/-

f. Sale of Goods in cash for Rs. 5000/​

Answer 1

Answer:

interest on drawings 500

Explanation:

your help okkkkk thank you