Prepaire Accounting Equation from the following information 1Silky started business with cash 7 50,000; Machine 80,000 and 1. Stock 70,000. Sold goods to Hitesh for 25,000 out of which 7 10,000 were received 2 in cash and 7 15,000 were to be received after 1 month. These goods were sold at a profit of 25% on cost. 3. Depreciate machinery by 10%. 4) Paid salary 7 5,000 in cash and outstanding salary 7 2,000

Prepaire Accounting Equation from the following information 1Silky s

1.	Prepaire Accounting Equation from the following information 1Silky started business with cash 7 50,000; Machine 80,000 and 1. Stock 70,000. Sold goods to Hitesh for 25,000 out of which 7 10,000 were received 2 in cash and 7 15,000 were to be received after 1 month. These goods were sold at a profit of 25% on cost. 3. Depreciate machinery by 10%. 4) Paid salary 7 5,000 in cash and outstanding salary 7 2,000
Answer» To capital a/c. DR. 7,50,000 machinery a/c dr. 80,000 STOCK a/c. dr. 70,000To CREDIT SALE a/c dr 25000

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