Question

balans
Follow
up
Problem 3
Show the effect of following transactions on the accounting equation and
prepare
sheet at the end :
(i) Ridhima commenced business with cash 1,00,000 and bank balance * 70,000.
(ii) Cash withdrawn from bank for office use * 16,000.
(iii) Rent paid in cash 15,000.
(iv) Interest received by cheque 20,000.
(v) Cash withdrawn from bank for personal use 30,000.
(vi) Additional capital introduced * 40,000.
(vii) Interest on capital provided 3,000.​

Answer 1

Answer:

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Answer 2

Explanation:

effect of following transactions on the accounting equation