Binayak had the following transactions:
- Commenced business with cash Rs. 1,00,000.
- Purchased goods for cash Rs. 50,000 and credit Rs. 30,000.
- Paid rent in advance Rs. 1,000.
- Sold goods for cash Rs. 40,000 costing Rs. 30,000.
- Paid salary Rs. 1,000 and salary outstanding Rs. 200.
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Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
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