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Show effect of transactions upon accounting equation

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Question - Show the effect of the following transactions upon the Accounting Equation?

(1) Mr. Salman started business with cash Rs. 80,000, Equipment Rs.50,000 & Machinery Rs.5,000.

(2) Open a bank account and deposited Rs.40,000.

(3) Paid rent and salaries for the month Rs.4,000 and wages outstanding for month Rs.1,000.

Reference no: EM132955440

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