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Prepare accounting equations on the basis of the following started business with cash rupees 180000cash purchases rupees 40000 cash sales rs 30000 paid rent rupees 10000?
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Prepare accounting equations on the basis of the following started bus...



Accounting Equations:

Assets = Liabilities + Equity

Assets:
- Cash: Rs 180,000
- Cash purchases: Rs 40,000
- Cash sales: Rs 30,000

Liabilities:
- None mentioned

Equity:
- None mentioned

Explanation:

Assets:
- The business started with cash of Rs 180,000
- Cash purchases were made amounting to Rs 40,000
- Cash sales were made amounting to Rs 30,000
- Total assets = Rs 180,000 (starting cash) + Rs 40,000 (cash purchases) + Rs 30,000 (cash sales) = Rs 250,000

Liabilities:
- No liabilities mentioned in the transaction

Equity:
- No equity mentioned in the transaction

Conclusion:
- The accounting equation for this business based on the transactions provided is:
- Assets = Rs 250,000
- Liabilities = 0
- Equity = 0
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Prepare accounting equations on the basis of the following started business with cash rupees 180000cash purchases rupees 40000 cash sales rs 30000 paid rent rupees 10000?
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