Question

Show an Accounting Equation on the basis of the following transactions:
(a) D. Mahapatra commenced business with cash Rs. 1.50.000: goods Rs. 60.000: machinery
1,00.000 and furniture Rs. 50,000
(b) Goods costing Rs. 20.000 sold at a profit of 10% on cost and half of the payment is received
cash.
(C) Depreciation on machinery provided @10%.
(d) Cash withdrawn for personal use Rs. 10,000.
(e) Rent paid Rs. 3,000 and prepaid rent Rs. 2,000.​

Answer 1

Answer:

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Explanation:

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