Question

Show an Accounting Equation for the following transactions:
(1) D. Mahapatra commenced business with cash 50,000 and 1,00,000 by cheque; goods
60,000; machinery 1,00,000 and furniture 50,000.
(i) 1/3rd of the above goods sold at a profit of 10% on cost and half of the payment is
received in cash.
(i) Depreciation on machinery provided @ 10%.
(iv) Cash withdrawn for personal use * 10,000.
(u) Interest on drawings charged @ 5%.
(vi) Goods sold to Gupta for 10,000 and received a Bill Receivable for the same amount
for 3 months.
(vii) Received * 10,000 from Gupta against the Bills Receivable on its maturity.
* 100 000 + Stack (goods) 30.000 + Machinery​

Answer 1

Answer:

the withdrawal charge is57

Explanation:

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