show if the equation is balanced or not
1. Vikram started business with Cash Rs.50,000 and Stock Rs.10,000
2. Purchased furniture for Rs.2,000
3. Outstanding Wages Rs.1,000
4. Prepaid Insurance Rs.1,500
5. Rent received in advance Rs.1,000
6. Depreciation on Furniture 25%
7. Goods lost by fire Rs.500
8. Interest on drawings RS.900
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Explanation:
50000+10000+2000+1000+1500+1000+500+900+25 = 65900
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