24. Show the accounting equation on the basis of the following transactions and present a Balance Sheet of the last new equation balance:

(i) Mohan commenced business with 70,000
(ii) Purchased goods on Credit 14,000
(iii) Withdrew for private use 1,700
(iv) Purchased goods for Cash 10,000
(v) Paid wages 300
(vi) Paid to Creditors 10,000
(vii) Sold goods on Credit at par 15,000
(viii) Sold good for Cash (cost price was ₹3,000) 4,000
(ix) Purchased furniture for cash 500

D.K.Goel/2024 Edition/Practical Questions/Q-24

For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company

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