a) Nith started the business with cash of $75,000; Goods of $30,000 and machinery a/c of $50,000.
b) 1/3rd of the above goods sold at a profit of 10% on cost and half of the payment js received in cash.
c) Depreciation on machinery provided at 10%
d) Cash withdrawn for personal use of $10,000.
e) Interest on drawings charged @5%
