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A trader commenced business as cloth merchant on 1.1.2006 with a capital of Rs.10,000. On the same day be purchased furniture and fittings for cash Rs.3,000. From the following particulars obtained from his book kept order single entry. You are required to prepare his final accounts for the ended 31.12.2006. Rs. Sales (inclusive of cash Rs.7,000) 17,000 Purchases (inclusive of cash Rs.4,000) 15,000 |
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