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3 Give the accounting equation for the following transactions:1. Mr. Vaibhav started business with Cash 1,00,000.2. Purchased goods on credit from Rita Stores *9,000.3. Purchase Laptop for office use 10,000.4. Sold goods to Rina on credit 12,000.5. Received Interest 2,5006. Paid Telephone bill * 1,300. |
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Answer» CASH =92500. Goods=3000. credit=9000. capital=92500 |
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