He commenced business with cash of Rs.80,000 and purchased building of Rs.50,000 & goods of Rs.25,000 in cash in journal entry.
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Explanation:
total cash he had =₹80000
money taken to purshase = ₹ 50000
and goods =₹25000
money he had left : 80000 - 50000+25000
105000 -50000
= 55000
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