D K Goel 11th – Accounting Equation 9
9. (A). Prepare Accounting Equation from the following: Started business with cash ₹75,000 and goods ₹25,000. Paid for Rent ₹2,000. Bought goods for cash ₹30,000 and on credit for ₹44,000. Goods costing ₹50,000 sold at a profit of 25%, out of which ₹27,500 received in Cash. Purchased a Motor-cycle for personal use ₹20,000. Q.9 (B). … Read more