Q.7 Complete the following Accounting equation table.
Liabilities (5)
Transaction
Assets
1. Started business with
?
Cash 50,000
2. Purchased goods of
?
10,000
?
3. Goods stolen 1,000
?
4. Sold goods for cash
?
?
5,000
5. Loan taken from
?
?
Bank 7,000
?
+
?
?
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