15. Show an Accounting Equation for the following transactions:
| (i) | D. Mahapatra commenced business with cash ₹50,000 and ₹1,00,000 by cheque; goods ₹ 60,000; machinery ₹1,00,000 and furniture ₹50,000. |
| (ii) | 1/3rd 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| (iv) | Cash withdrawn for personal use ₹10,000. |
| (v) | Interest on drawings charged @ 5%. |
| (vi) | Sold goods for Cash ₹10,000 at par. |
T.S.Grewal/2024 Edition/Practical Problems/Q-15
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.