Indian School, Al Wadi Al Kabir

ACCOUNTING EQUATION. 1)What is accounting equation? Explain its importance. 2) Show that the accounting equation is satisfied after taking into consideration each of the following transactions in the books of Mr. N . a)Started business with capital Rs. 1,00,000 . b)Bought furniture Rs. 25,000 . c)Bought goods for cash Rs. 20,000 ................
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