OR
Show the accounting equation on the basis of the following transactions
Rs
(1) Udit stated business with : (a) Cash
500000
(b) Goods
100000
(1) Purchased building for Cash
200000
(1) Purchased goods from Arora
50000
v) Insurance premium paid in advance
6000
Rent outstanding
5000
(vi) Depreciation on building @4%
8000
(vi) Cash withdrawn for personal use
20000
(vul) Rent received in advance
5000
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Answer:
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Explanation:
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