ILLUSTRATION 2. Show the accounting equations on the basis of the following transactions :
(1) Raghunath commenced business with cash 7 80,000.
(11
Purchased goods on credit 720,000.
(111
Withdrew cash for private use 7 2,000.
(iv) Sold goods on credit 7 20,000.
(cost price 15,000)
(v) Purchased furniture - 1,500.
Answers
Step-by-step explanation:
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