Question

3) State the impact of the following
following transaction.
using accounting equation
1) .Paid rent of Rs. 10,000 in cash
2.received rs. 5000 as interest on investment.
3.sold goods for Cash Rs 50000,
4.take a loan of Rs. 2,00, 000 from HDFC bank
5.paid divident of Rs. 3000 to shareholders.
​

Answer 1

Answer:

(1) rent A/c. dr.

to cash A/c

(2) cash A/c dr.

to interest on investment A/c

(3) cash A/c dr.

to purchase A/c

(4) bank loan A/c. dr.

to bank A/c

(5) dividend to shareholder A/c. dr.

to cash A/c