Commenced business with cash ₹ 50,000 and Furniture ₹ 30,000.
ii. Purchased goods for cash ₹ 40,000 .
iii. Goods costing ₹30,000 were sold for ₹ 40,000 for cash.
iv. Further capital invested in to the business ₹ 20,000.
v. Life insurance premium paid ₹5,000.
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