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commenced business with Rs 50,000
purchased goods for cash Rs 10,000 at 5% trade discount
paid carriage Rs 50
purchase machinery for Rs 20,000
sold goods to madan account for Rs 15,000
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Explanation:
Purchased goods for Cash Rs 5,000 and on credit Rs 2,000. – 5,000. + ... Started business with cash Rs 1,00,000 and Goods Rs 20,000 Sold goods worth Rs 10,000 for cash Rs 12,000.
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