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Question
Complete the accounting equation.
Assets = Capital + Creditors
? = ₹ 1, 60,000 + ₹ 80,000
Sum
Solution
Assets = Capital + Liabilities
Assets = ₹ 1,60,000 + ₹ 80,000
Assets = ₹ 2,40,000
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Approaches of Recording Transactions
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Chapter 3: Books of Prime Entry - Exercises [Page 59]
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