Q3. Give the accounting equation for the following transactions. 1. Mitesh started business with ` 44,000. 2. Purchased stationery ` 6000. 3. Paid wages ` 1000. 4. Purchased mobile for business ` 10,000. 5. Withdrew cash for personal use ` 500.
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Answer:
44,000 + 6000 + 1000 + 10,000 + 500 = 61,500
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