Question

started business with 50000 stock 10000 and machinery 100000 purchased goods on credit with henry 20000 sold goods costing 8000 to david for cash 10000 rent received in advance 5000 cash paid to creditors 10000 sold goods costing 7000 for 10000 out of which 3000 received in cash depreciation on machinery provided @ 10%​

Answer 1

started business with 50000 stock 10000 and machinery 100000 purchased goods on credit with henry 20000 sold goods costing 8000 to david for cash 10000 rent received in advance 5000 cash paid to creditors 10000 sold goods costing 7000 for 10000 out of which 3000 received in cash depreciation on machinery provided @ 10%

Answer 2

Answer:

100000 purchased goods on credit with henry 20000 sold goods costing 8000 to david for cash 10000 rent received