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3. Mohit has the following transactions, prepare Accounting Equation:
a. Business started with cash Rs. 1,00,000 and goods Rs 15000
b. Purchased office furniture for office use Rs.10,000
c. Cash withdrawn for personal use Rs. 20,000
d. Commission received in advance Rs. 8,000
e Rent paid Rs. 12,000
f. Sold goods for cash Rs. 10,000
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Answer:
91,000 rupees left in Mohit's Bank.
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