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1. (a) Show the Accounting Equation for the following transactions: (i) Gopinath started business with cash 25,000 (ii) Purchased goods from Shyam 10,000 (b )

1. (a) Show the Accounting Equation for the following transactions: (i) Gopinath started business with cash 25,000 (ii) Purchased goods from Shyam 10,000 (b ) State with reason weather the following are revenue or capital expenditure: 1,000 spent on repairing a second hand machine before put to use

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