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Show the effect of the following transactions on Assets, Liabilities and Capital through Accounting Equation : (i) Started business with cash (ii) Rent received (iii)
Show the effect of the following transactions on Assets, Liabilities and Capital through Accounting Equation : (i) Started business with cash (ii) Rent received (iii) Invested in shares (iv) Received Dividend (v) Purchased Goods on credit from Ragani (Paid cash for household expenses (vii) Sold Goods for cash (Costing 10,000) (viii) Cash paid to Ragani (ix) Deposited into Bank 25 000 Rank 390.000 1,20,000 10,000 50,000 5,000 35,000 7,000 14,000 35,000 20,000 C
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