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HASF started business on March 2020 with the investment of cash RS,50,000 and office equipment worth 50,000 and the following transactions were completed during the

HASF started business on March 2020 with the investment of cash RS,50,000 and office equipment worth 50,000 and the following transactions were completed during the month
1 Purchase merchandise for cash 25,000
2 Purchase merchandise on account 15,000
3 Purhase office supplies for cash 2,000
4 Purhase furnitrue on account 5,000
5 sold merchandise for cash 20,000
6 paid to suppliers 10,000
7 sold merchandise on account 5,000
8 paid rent exp 1,500
9 sold merchandise for cash 20,000
10 salary exp 5,000
use the Data from Q# 1 find out the following value ( 1.2 marks each )
[A]cost of sales
[B]gross profit
[C]total operating exp
[D]net income
[E]total current assets
[F]total fixed assets
[G]Total assets
[H]total liabilities
[I]total owaner equity
[J]total equity

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