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Prepare a balance sheet. 1. Commenced …

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Prepare a balance sheet. 1. Commenced business with cash 80000 2. Bought goods from ram on credit 20000. 3. Paid cash to ram 15000 4. Paid rent 1600 and salary 4400 .5. Sold goods costing 10000 for 13000 to mohan.6 received cash from mohan 10000 . 7. Withdraw cash 4000 and goods 5000for personal use 8. Goods return to ram 2000
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