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11. Mohit has the following transactions prepare accounting equation :1. Business started with cash Rs. 1,75,00050,0002. Purchased goods from Rohit20,0003. Sales goods on credit to Manish (Costing Rs. 17,500)4. Purchased furniture for office use10,0005. Cash paid to Rohit in full settlement48,5006. Cash received from Manish20,0007. Rent paid1,0008. Cash withdrew for personal use3,000[Ans : Cash Rs. 1,32,500 + Goods Rs. 32,500 + Furniture Rs. 10,000 = Rs. 1,75,000;Liabilities = Capital Rs. 1,75,000.) class11th​

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