Prepare accounting equation for the following transactions: [4]
1. Commenced business with cash Rs. 5,00,000
2. Purchased goods Rs. 25.000
3. Paid salary Rs. 10,000
4. Sold goods costing Rs. 20,000 at a profit of 25% on the cost
5. Paid salary in advance Rs. 2,000
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Answer:
I don't have so much cash
Explanation:
Sorry
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