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From the following details calculate net profit on accrual basis.ParticularsRs.Goods sold for cash 5,00,000 Credit sales 25,000 Cash purchases 4,00,000 Credit purchases 50,000 Wages paid 20,000 Outstanding expenses 10,000 Rent paid 5,000
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Prepare Accounting Equation from the following: Started business with Cash Rs 60,000. Rent received Rs 2000. Accrued interest Rs 500 Commission received in advance Rs 1000. Amount with drawn Rs 5000.? | EduRev Commerce Question