Question

Show the effect of the following transaction on assets, liabilities, and capital through accounting equation :-
·       Started Business with Cash Rs 1,20,000
·       Rent Received10,000
·       Invested in share RS 50,000
·       Received Dividend Rs 5000
·       Purchased goods on credit form Ragani DRs 35000
·       Paid Cash for household expenses Rs 7000
·       Sold Goods for cash ( costing Rs 10,000) RRs 14000
·       Paid to Ragani Rs 35000
·       Deposit to Banks Rs 20,000
·       Goods Destroyed by fire Rs 1000
·       Return goods to a suppliers of goods Rs 2000
·       Received return of goods from a customer Raghav to whom goods costing Rs 2000 were sold for Rs 4560
​

Answer 1

Explanation:

maybe I am correct expert Pankaj Rastogi