Show the effect of the following transactions on Assets, Liabilities and Capital through accounting equation: (a) Started
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Show the effect of the following transactions on Assets, Liabilities and Capital through accounting equation:
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(a) Started business with cash (b) Rent received (c) Invested in shares (d) Received dividend 13 (e) Purchase goods on credit from Ragani (f) Paid cash for house hold Expenses (g) Sold goods for cash (costing *10,000) (h) Cash paid to Ragani (1) Deposited into bank 1,20,000 * 10,000 *50,000 *5,000 *35,000 7,000 14,000 *35,000 €20,000
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To show the effect of these transactions on Assets Liabilities and Capital well use the basic accounting equation Assets Liabilities Capital Lets go t...View the full answer
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Related Book For
Accountancy Financial Accounting Part 1 Textbook For Class 11
ISBN: 9788174505071
1st Edition
Authors: NCERT
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