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Show the effect of the following transactions on assets, liabilities and capital using the Accounting Equation. Also prepare a Balance Sheet.

952 viewsSeptember 18, 2023Accounting Equation TS Grewal Class 11

Anurag Pathak28.55K September 18, 2023 0 Comments

Show the effect of the following transactions on assets, liabilities and capital using the Accounting Equation. Also prepare a Balance Sheet.

(i) Started business with cash ₹ 60,000

(ii) Rent received ₹ 2,000

(iii) Accrued interest ₹ 500

(iv) Commission received in advance ₹ 1,000

(v) Amount withdrawn ₹ 5,000

Anurag Pathak Changed status to publish September 18, 2023

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Anurag Pathak28.55K Posted September 18, 2023 0 Comments

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Show the effect of the following transactions on assets, liabilities and capital using the Accounting Equation. Also prepare a Balance Sheet.

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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