Use Accounting Equation to show effects …
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Use Accounting Equation to show effects of the following transactions. #(a). Started Business with cash Rs. 30,000, Goods Rs. 40,000, Furniture Rs. 20,000. #(b). Bought goods from Raman Rs. 20,000. # (c) Sold goods to Sohan for Rs. 25,000. # (d). Sohan settled his account at a discount of Rs. 500. (4 Mark's)
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