1.

Prepare accounting equation from the following: Capital of businessRs. 60,000; Furniture purchased Rs.4,325; Took a loan Rs.20,000;Purchased goods for cash Rs.21,760; Purchased goods on credit Rs.18,945,Goods sold Rs.19,843 (Cost Rs.17,200), Withdraw cash from business forpersonal use Rs.1,520; Commission received Rs.740; Rent paid Rs.900.Ans. : Total of the Equation Rs. 99,908]​

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