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Analyse the effect of each transaction on assets and liabilities and show that the both sides of Accounting Equation (A = L + C) remains equal: Introduced ₹ 8, 00, 000 as cash and ₹ 50,000 by stock. |
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Answer» Analyse the effect of each TRANSACTION on assets and liabilities and show that the both SIDES of ACCOUNTING Equation (A = L + C) remains equal : (i) INTRODUCED ₹ 8,00,000 as cash and ₹ 50,000 by stock. ... (v) Purchased goods worth ₹ 80,000 for cash and for ₹ 35,000 in credit. |
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