Prepare accounting equation
1. Business started with capital 75000
2. Purchased plant 25000
3. Cash deposited into Bank 5000
4. Range paid 2000
5. Purchased machinery 10000
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Answer:
assets liability capital cash p &m bank capital 75000 75000
-25000 +25000
-5000 + 5000
-2000 -2000
-10000 +10000
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