T S Grewal 11th – Accounting Equation 15
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 … Read more