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Question No. 2022hb79023 It's a subjective question, hence you have to write your answer in the text-field given below. 7782 On March 1, 2022, Sagar set up a loan recovery business and concluded the following transactions in the first month (increase/decrease) or no effect of the following activities on the accounting equation. Answer the questions in the fo [Marks 0.5 \times 10 = 5] 1. Samar invested cash in the business Rs. 20,000/- 2. Brought equipment for cash Rs. 12,000/- 3. Paid rent for the office site Rs. 5000/- 4. Provided service for cash Rs. 19,000/- 5. Provided services on credit Rs. 14,000/- 6. Paid salaries to employees of Rs. 8,000/- 7. Collected payments for past invoices Rs. 8,500/- 8. Received advance payment for services Rs. 2,000/- 9. Withdrew cash for personal use Rs. 4500/- 10. Purchased goods on credit Rs. 15000/- Assets (Increase) Liabilities / Revenue Expense

          Question No.
2022hb79023
It's a subjective question, hence you have to write your answer in the text-field given below.
7782
On March 1, 2022, Sagar set up a loan recovery business and concluded the following transactions in the first month
(increase/decrease) or no effect of the following activities on the accounting equation. Answer the questions in the fo
[Marks 0.5 \times 10 = 5]
1. Samar invested cash in the business Rs. 20,000/-
2. Brought equipment for cash Rs. 12,000/-
3. Paid rent for the office site Rs. 5000/-
4. Provided service for cash Rs. 19,000/-
5. Provided services on credit Rs. 14,000/-
6. Paid salaries to employees of Rs. 8,000/-
7. Collected payments for past invoices Rs. 8,500/-
8. Received advance payment for services Rs. 2,000/-
9. Withdrew cash for personal use Rs. 4500/-
10. Purchased goods on credit Rs. 15000/-
Assets (Increase) Liabilities / Revenue Expense

Question No.
2022hb79023
It's a subjective question, hence you have to write your answer in the text-field given below.
7782
On March 1, 2022, Sagar set up a loan recovery business and concluded the following transactions in the first month
(increase/decrease) or no effect of the following activities on the accounting equation. Answer the questions in the fo
[Marks 0.5 ×10 = 5]
1. Samar invested cash in the business Rs. 20,000/-
2. Brought equipment for cash Rs. 12,000/-
3. Paid rent for the office site Rs. 5000/-
4. Provided service for cash Rs. 19,000/-
5. Provided services on credit Rs. 14,000/-
6. Paid salaries to employees of Rs. 8,000/-
7. Collected payments for past invoices Rs. 8,500/-
8. Received advance payment for services Rs. 2,000/-
9. Withdrew cash for personal use Rs. 4500/-
10. Purchased goods on credit Rs. 15000/-
Assets (Increase) Liabilities / Revenue Expense

Added by Ricardo R.

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