5. Prepare an Accounting Equation and Balance Sheet on the following basis
(i) Ajeet started business with cash 20,000.
(ii) 'He purchased furniture for 2,000.
(iii) He paid rent of 200.
(iv) He purchased goods on credit 3,000.
(U) He sold goods (cost price * 2,000) for 5,000 on cash.
[Assets: Cash 22,800 + Furniture 2,000
Liabilities: Creditors 3,000 + C
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