prepare accounting equation and balance sheet 1.Manu started business with cash. Opened a Bank Account and transferred ₹4 00 000 from his Savings Account. 2.Purchased a building from Sohan for ₹12 00 000 paid by taking a loan from SBI. 3.Paid interest on loan ₹20 000 and instalment of ₹1 00 000 . 4.Purchased goods from Rohan on credit. 5.Goods returned to Rohan costing 6.Sold goods costing ₹40 000 for ₹50 000 on credit to Ram. 7.Took goods from business for personal use. 8.Accrued interest. 9.Commission received in advance. 10 00 000 10.Cash received from Ram. 10 000.
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