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Draw the accounting equation from the following transactions a. Commence business with cash Rs. 25,000, Bank 36,000, Furniture Rs. 39,000, Stock Rs. 50,000 b. Half of the above goods sold at profit of 20%. Only one tenth part of the sale realised in cash. c. Depreciate the furniture by 10% and outstanding salary Rs. 1,000. d.Bought motor cycle for personal use Rs.15,000 |
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