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Show an AccountingEquation for the followingtransactions: D. Mahaptra commeced businesswith cash ₹50,000 and ₹1,00,000 by cheque, goods ₹ 60,000, machinery ₹ 1,00,000 and furniture ₹ 50,000. (ii) 1/3 rd of the above goods sold at a profit of 10% on cost and half of the payment is received in cash. (iii) Depreciation on machinery provided @ 10%. (iv) Cash withdrawan for personal use ₹ 10,000. (v) Interest on drawings charged @ 5%. (vi) Goods sold to Gupta for ₹ 10,000 and received a Bill Receivable for the same amount for 3 months. (vii) Received ₹ 10,000 from Gupta against the Bills Receivable on its maturity. |
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