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M/s Pravesh and Sons is showing following transactions. Prepare accounting equation andBalance Sheet(i) Commenced businesswithcash..............Rs.120000/-. Cabe(ii)Purchasedgoodson credit for ....... ................ Rs. 90,000.-(11) Purchasedmachinerz......Rs.25.000.(iv)Owner sold his personal car and invested amount business.Rs.20,000. Bar(v) Goods Costing Rs 25000 is sold at a profit of 20% on cost price(vi) Interest on capital @ 10% on initial capital is to be provided |
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