Question

prepare accounting equation on basis of following​

Answer 1

Explanation:

prepare an accounting equation on the basic of the following transactions

1.started business with cash Rs 70,000

2. credit purchase of goods Rs 18. 000

3. payment made to creditor Rs 17. 500 is full settelment

4.purchase of machinery for cash Rs 20,000

5. Deprecation of machinery Rs 2, 000

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