4 What will be the effect of the following on the Accounting Equation
(i) Harish started business with cash * 18,000
(ii) Purchased goods for cash 5,000 and on credit * 2,000
(iii) Sold goods for cash 4,000 (costing * 2,400)
(iv) Rent paid * 1,000 and rent outstanding * 200
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1. cash increase and capital increase
2 for cash purchase cash decrease and inventory increase
for credit purchase inventory increase and creditor increase
3 cash increase with 4000 and inventory decrease by 2400 and capital increase by 1600
4 for rent paid cash decrease and capital decrease
for outstanding rent capital decrease and outstanding liability increase
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