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Show that accounting equation is satisfied in the following cases:-
1. Sumit commenced business with cash Rs.- 40,000 and goods Rs.-
25,000.
Answers
Answered by
1
Answer:
Total Assets
=
Cash + Bank + Stock
=
40,500 + 4,500 + 11,200
=
Rs
56,200
Liabilities
=
11,200
Capital
=
45,000
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