( 7. Prepare accounting equation from the following transactions:-
a. Started business with cash of 1,00,000 b. Bought from Navin Traders 50,000
c. Returned goods to Navin Traders 5,00 d. Cash received from Navin Traders 43,000 in full settlement
e. Opened Bank Account with 5,000
f. Withdrawn from Bank 2,000 for office use.
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Answer:
7000ffhdfh
Explanation:
5000+2000=7000
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