3. Prepare Accounting Equation from the following:

  1. Started business with Cash ₹2,00,000.
  2. Purchased goods for Cash ₹60,000 and on Credit ₹1,50,000.
  3. Sold goods for Cash costing ₹40,000 at a profit of 20% and on Credit costing ₹72,000 at a profit of 25%.
  4. Paid for Rent ₹5,000.

D.K.Goel/2024 Edition/Practical Questions/Q-03

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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