Question

from following transactions show the effect on assets liabilities and capital using accounting equation

Answer 1

Answer:

Show the effect of following transactions on assets liabilities and capital through accounting equation A) started business with cash rupees 120000 B) rent received rupees 6700 C) invested in shares 76000 D) receive dividend 7,000 E) purchased goods on credit from Rajni 17600 F) paid cash for household expenses