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Q.4. Following transactions took place between Acqa Itd. And Shark Ltd. Show the impact of these transactions (in the books of Acqu Itd and Shark Itd) through accounting equation in the space provided. ( 54=20 marks) 4. On 1st September 2018, Shark I.td, proposed to raise funds and made a Rights Issue of I Share for 5 held at Rs. 360 per Share (market price was Rs.380). Acqa Ltd. and other shareholders fully exercised its right. Acqa Itd. Assets = I.iabilities + Capital Shark Ltd. Assets = Liabilities Capital