Show an accounting situation for following transactions
1. Mohan lal commenced
business with cash in hand rs. 50000 cash at bank rs.100000
stock Rs. 60000 Machinery Rs. 100000 and furniture Rs.50000
2. 1/3rd of goods was sold at profit n 10% on cost and half the payment recived in cash
3. Depreciate machinery @10%
4 rent paid Rs.2000 outstanding Rs. 1000
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hey guys good afternoon
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