Show the effect of the following transactions on the assets


Show the effect of the following transactions on the Assets, liabilities and capital through accounting equation: Rs. a) started business with cash 1,20,000 b) Rent Received 10,000 c) Invested in shares 50,000 d) Received dividend 5,000 e) Purchase goods on credit form Ragani 35,000 f) Paid cash for household expenses 7,000 g) Sold goods for cash (costing Rs. 10000) 14,000 h) Cash paid to Ragani 35,000 i) Deposited into Bank 20,000

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Accounting Basics: Show the effect of the following transactions on the assets
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