Open a T shape cash account.Put the following transactions on the proper side and balance the account.
1)Mohan started business with cash 40,000.
2) Purchased goods 20,000.
3)Sold goods 24,000.
4) Paid rent 400.
5) Paid salaries 600.
6)Drew for Personal use 1,000.
1) Debit side,2) Credit side,3)Debit side,4) Credit side,5) Credit side 6) Credit side,7) Balance of cash account-42000.
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