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

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