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