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3) State the impact of the followingfollowing transaction.using accounting equation1) .Paid rent of Rs. 10,000 in cash 2.received rs. 5000 as interest on investment. 3.sold goods for Cash Rs 50000, 4.take a loan of Rs. 2,00, 000 from HDFC bank5.paid divident of Rs. 3000 to shareholders. |
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Answer» Answer: (1) rent A/c. dr. to cash A/c (2) cash A/c dr. to INTEREST on investment A/c (3) cash A/c dr. to purchase A/c (4) bank loan A/c. dr. to bank A/c
(5) DIVIDEND to SHAREHOLDER A/c. dr. to cash A/c |
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