Question

Prepare Accounting equation on the basis of following information:

(i) Sohan started business with cash ` 80,000 Machinery ` 10,000 and stock `

10,000

(ii) Interest on the above capital was allowed @ 10%

(iii) Money withdrew from the business for his personal use ` 10,000

(iv) Interest on drawings ` 500

(v) Depreciation charged on machinery ` 2,000.​

Answer 1

Answer:

500" (and any subsequent words) was ignored because we limit queries to 32 words