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Question

Prepare an Accounting Equation from the following: (i) started business with cash of Rs 1,00,000 (ii) Purchased goods for cash Rs 20,000 and on credit Rs 30,000

(iii) Sold goods for cash costing Rs 10,000 and on credit costing Rs 15,000 both at profit of 20%


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Solution

The solution for the given question is shown below

Accounting Equation


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