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Give detailed solution with explanation Q.4. Following transactions took place between Acqa Itd. And Shark Ltd. Show the impact of these transactions (in the books

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Give detailed solution with explanation

Q.4. Following transactions took place between Acqa Itd. And Shark Ltd. Show the impact of these transactions (in the books of Acqu ltd and Shark ltd) through accounting equation in the space provided. (5x4= 20 marks) 1. Acqa Ltd. acquired 5,000 Shares of Shark Ltd. at Rs. 480 per Share on 1st April 2016 when the face value of each share was Rs. 100

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