Question

vanshika had the following transactions. use accounting equation to show their effects.
i-invested 30000 in a cash as capital
ii-purchased furniture for cash 15000
iii-purchased a building for 30000 giving 10000 in cash and the balance through a loan
iv-sold furniture costing 2000 for 3000
v-purchased an old car for 5600 cash
vi-received cash as rent 7200
vii-paid cash 1000 for loan & 600 for interest
viii-paid cash for household expenses 600
ix-received cash for dividend on securities 400​

Answer 1

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