Question

1. Commenced business with cash 20,000
2. Goods purchased on credit 7,000
3. Furniture purchased 3,000
4. paid to creditors 2,000
5. Amount withdrawn by the proprietor 4,000
6. Creditors accepted a bill for payment 1,500
7. Interest on capital 1,000
8. Transfer from capital to loan 5,000
9. Allotted shares to creditors 1,000​

Answer 1

Answer:

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Answer 2

Answer:

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