6. Prepare an Accounting Equation on the basis of the following transactions:
| ₹ | ||
|---|---|---|
| (i) | Started business with cash | 70,000 |
| (ii) | Credit purchase of goods | 18,000 |
| (iii) | Payment made to creditors in full settlement | 17,500 |
| (iv) | Purchase of machinery for cash | 20,000 |
| (v) | Depreciation on machinery | 2,000 |
T.S.Grewal/2024 Edition/Practical Problems/Q-06
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.