commenced business with cash 50000 accounting equation
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Draw an Accounting Equation on the basis of the following transactions: (i) Commenced business with cash ₹ 50,000, cheque ₹ 1,00,000, goods ₹ 30,000 and furniture ₹ 20,000. ... (viii) Purchased goods on credit for ₹ 20,000. (ix) Paid rent ₹ 3,000 including ₹ 2,000 in advance
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