Question

7. Prepare accounting equation from the following transactions
a Started business with cash of Rs. 1,00,000
b. Bought from Navin Traders Rs. 50,000
c. Returned goods to Navin Traders Rs. 5,000
d. Cash received from Navin Traders Rs. 43,000 in full settlement
e. Opened Bank Account with Rs. 5,000
f Withdrawn from Bank Rs. 2,000 for office use​

Answer 1

Explanation:

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