$1.$ Rahul had the following transactions. Use accounting equation to show their effect on his Assets, Liabilities and Capital.

a$)$ Invested Rs$.15,000$ in cash.

b$)$ Purchased securities for cash Rs$.7,500.$

c$)$ Purchased a home for Rs$.15,000$: giving Rs$.5,000$ in cash and the balance through loan account.

d$)$ Sold securities costing Rs$.1,000$ for Rs$.1,500.$

e$)$ Purchase an old car for Rs$.2,800$ cash.

f$)$ Received cash as salary Rs$.3,600.$

g$)$ Paid cash Rs$\mathrm{.}500$ for loan and Rs$.300$ for interest.

h$)$ Paid cash for expenses Rs$.300.$

i$)$ Received cash for dividend on securities Rs$\mathrm{.}200.$

 

Answer rating: 100% (QA)

answer a Rahul Invested Rs 15000 in cash This increases his assets cash by Rs 15000 There is no chan... View the full answer