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Prepare accounting equation of following1 Sohan started business with cash Rs.1,00,0002 Sohan purchased goods in credit Rs.5,000 |
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Answer» Answer: transaction. LF. assets = capital + liability started business. 1,00,000. =. 1,00,000 +0 with cash purchased goods. 0 + 5,000 = 5,000 + 0 eq = 1,00,000 + 5,000 = 1,05,000 + 0 |
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