5. Mohit has the following transactions, prepare Accounting Equation:
| ₹ | ||
|---|---|---|
| (a) | Business started with cash | 1,75,000 |
| (b) | Purchased goods from Rohit | 50,000 |
| (c) | Sold 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 Q. 3)
D.K.Goel/2024 Edition/Practical Questions/Q-05
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company