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Show the accounting equation on the basis of the following: 

1. Started business with cash Rs. 60,000 

2. Purchased goods fof cash Rs. 20,000 

3. Sold goods for cash (costing Rs. 10,000) for Rs. 15,000 

4. Paid rent by cash Rs. 500 

5. Cash withdrawn for personal use Rs. 5,000

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Accounting Entries

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