Question

Show the effect of following transactions on Asset' Liabilities and Capital based on
accounting equation (3)
a. Started business with cash Rs. 1, 50000
b. Rent received RS. 5000
c. Purchased goods on credit from Rema Rs. 2000
d. Paid cash for household expenses Rs. 4000
e. Sold good's for cash (cost 10,000) Rs.13, 000
f. Deposited into bank Rs.25000

Answer 1

Answer:

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