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Prepare accounting equation and balancesheet.. sohan started businessa with cash 80000..machinary 10000.., and stock 10000 ...

Answer»

your JOURNAL ENTRY will be....

cash account. Dr. 80000

to capital a/c. 80000

machinary a/c. Dr. 10000

to BANK a/c. 10000

purchase a/c. Dr. 10000

to bank AC. 10000



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