Q.15 Prepare an Accounting Equation from the following:
Business started with Cash Rs. 1,00,000, Stock Rs. 50,000 and Machinery Rs. 50.000
(m) Goods costing Rs. 2,000 were sold for cash Rs. 2.500
(1) Rent Paid for cash Rs. 1.000
(iv) Salary outstanding Rs. 2,000
(M Depreciation on Machinery Rs. 2,000
(vi) Interest on capital Rs. 1,000
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Answer:
cash stock machinery capital
+100000 +50000 50000
+2000 -2000
-1000 -1000
-2000 -2000
-2000 -2000
-1000 -1000
Explanation:
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