Ans. Assets = Cash 160.000 + Goods + 30.000 + Debtors 12.000 - Parture 7.000 2,09,000; Liabilities = Creditors + 7.000 + Capital 2.02.000 = 2.09.0000 8. Show the Accounting Equation on the basis of the following Amit started business with cash 500.000 Purchased goods on credit 50.000 (im) Paid to creditors (iv) Paid salaries 5.000
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1000000000000000mmmm..m
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