11. Consider the following transactions of Mr. Bikram Baral a. Started business with cash deposit in the bank Rs. 3,50,000
b. Purchased goods from Ranjit for Rs. 50,000 and made a down payment of Rs. 30,000
c. Sold goods on account costing Rs. 25,000 for Rs. 20,000
d. Goods costing Rs. 10,000 lost by fire and insurance company admitted the claim for only Rs. 8,000
Required: Accounting equation
(Ans: Assets = Rs. 3,63,000; Capital = Rs. 3,43,000; Liabilities = Rs.20,000
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