7. Show the effect of the following transactions on Assets, Liabilities and Capital through accounting equation:

(a) Started business with cash ₹1,20,000
(b) Rent received ₹10,000
(c) Invested in shares ₹50,000
(d) Received dividend ₹5,000
(e) Purchase goods on credit from Ragani ₹35,000
(f) Paid cash for house hold Expenses ₹7,000
(g) Sold goods for cash (costing ₹10,000) ₹14,000
(h) Cash paid to Ragani ₹35,000
(i) Deposited into bank ₹20,000

NCERT/Numerical Questions/Q-07

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