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P1 C5 Accounting Equation and Business Transactions — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C5 Accounting Equation and Business Transactions1 Mark
Question
When equation method can be understood easily? Equation method can be understood easily, if business
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Answer

transactions are classified as under: $(1)$ Transaction related to goods, $(2)$ Transaction related to revenues and expenses, $(3)$ Transaction related to assets and $(4)$ Transaction related to borrowing / lending of funds.

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