6. What will be the effect of the following on the Accounting Equation?
(i) Harish started business with cash ₹1,80,000.
(ii) Purchased goods for cash ₹60,000 and on credit ₹30,000.
(iii) Sold goods for cash ₹40,000; costing ₹24,000.
(iv) Rent paid ₹5,000; and rent outstanding ₹2,000.
(v) Sold goods on credit ₹50,000 (costing ₹38,000).
(vi) Salary paid in advance ₹3,000.
D.K.Goel/2024 Edition/Practical Questions/Q-06
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company