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.... Opening Balance Sheet of Mr. A is showing the aggregate value of assets, liabilities and equity $ 8 lakh, $3 lakh and $5 lakh

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Opening Balance Sheet of Mr. A is showing the aggregate value of assets, liabilities and equity $ 8 lakh, $3 lakh and $5 lakh respectively. During accounting period, Mr. A has the following transactions: (1) Earned 10% dividend on 2,000 equity shares held of & 100 each (2) Paid & 50,000 to creditors for settlement of $70,000 (3) Rent of the premises is outstanding $ 10,000 (4) Mr. A withdrew $ 9,000 for his personal use. You are required to show the effect of above transactions on Balance Sheet in the form of Assets - Liabilities - Equity after each transaction. =

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