ans please By using Accounting Equation, find out...
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By using Accounting Equation, find out the effect on Assets, Liabilities and Capital of Priyam Garg Associates with these transactions of their Business. 1. Capital invested $52,150 in Cash 2. Purchased Inventory $5,650 from Anuj on Credit Basis 3. Paid Salary in advance $22,500 4. Bought a Machinery of value $15,000 by taking loan from Rajeev. 5. Additional capital introduced for $20,000 in the form of Machinery
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