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| 1. |
5. Show how the accounting equation is prove from the given transactions commenced business with cash 20000, Land 10000 * purchased goods from sharon 10000 sold goods costing RS 2000 for RS 2500 * Paid salary 1000 |
| Answer» CASH a/c DR 20000land a/c dr 10000to CAPITAL a/c 30000 | |