Question

prepare the accounting equation on the basis of the following 1.rakesh commenced business with cash 2.furniture purchased with cash
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Answer 1

Answer:

Prepare a accounting equation on base of the following . Rakesh commenced business with cash 1,50,000 furniture purchase on cash 20000 purchase good from mohit on credit 25,000 sold goods costing 10000 to Mohan for cash 14000 additional capital introduced 20000 commission received in advance 2000 paid to creditor mahesh in full settlement 22500

Explanation:

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