Question

prepare the accounting equation for the tear ended 31st march 2015 on the basis of following information.1 Mr.X Started business with Cash Rs. 1,50,000, Furniture Rs. 50,000, Goods Stock Rs. 30,000 & Machinery Rs. 2,00,000. 2. He sold goods Costing Rs. 25,000 at a profit 20% above cost & half of the payment received in Cash and received a bill for the remaining balance. 3. He paid salary Rs. 10,000, commission Rs. 2000 & Commission Still outstanding Rs. 1,000. 4. He purchased goods from Ram of Rs. 25,000.​

Answer 1

Answer:

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