Question

7. Show the effect of the following transactions on Assets, Liabilities and
Capital through accounting equation:
(a) Started business with cash
*1.20.000
b) Rent received
*10.000
(c) invested in shares
*50.000
d) Received dividend
5.000
le) Purchase goods on credit from Rugant
35.000
ID Pald cash for house hold Expenses
7.000
W Sold goods for cash (continu 110.000
114.000
th) Cash paid to Ragani
35.000
Deposited into bank
20.000
Ans: Assets Cash 37,000 Shares 150.000. Goods 725.000 - Bank
20.000 + 1.32.000. Labilities Capital t 1.32.000
# Show the effect of following transaction on the acounting equation​

Answer 1

Answer:

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