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prepare accounting equation. 1-started business with cash 50000.2-purchase books for cash 20000 from ram 10000.3-sold 10000 books at 20%profit and half amount receive in cash.4-received commission 20000.5-paid to creditor 9000 in the full settlement of account |
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Answer» here is your ans. the 3RD and 5TH TRANSITION are INTER related |
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