3. Mohit has the following transactions, prepare accounting equation:
| (a) | Business started with cash | ₹1,75,000 |
|---|---|---|
| (b) | Purchased goods from Rohit | ₹50,000 |
| (c) | Sales goods on credit to Manish (Costing ₹17,500) | ₹20,000 |
| (d) | Purchased furniture for office use | ₹10,000 |
| (e) | Cash paid to Rohit in full settlement | ₹48,500 |
| (f) | Cash received from Manish | ₹20,000 |
| (g) | Rent paid | ₹1,000 |
| (h) | Cash withdrew for personal use | ₹3,000 |
NCERT/Numerical Questions/Q-03