Prepare accounting equation for the following
(a) Murugan commenced business with cash
80,000
(b) Purchased goods for cash
30,000
(c) Paid salaries by cash 5,000
(d) Bought goods from Kumar for 5,000 and deposited the money in CDM
(e) Introduced additional capital of 10,000
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Answer: Salary is adjusted from Capital because it is a nominal account.
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