Prepare Accounting Equation from the following:
(a)Rohit started business with cash Rs.2,50,000
(b)He purchased furniture for cash Rs.35,000
(c)He paid commission Rs.2,000
(d)He purchased goods oncredit Rs.40,000
(e)He sold goods(CostingRs.20,000)for cashRs.26,000
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Explanation:
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