question 18 opening balance sheet of mr. a is showing the aggregate value of assets, liabilities and equity $ 8 lakh, $

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Question 18 Opening Balance Sheet Of Mr A Is Showing The Aggregate Value Of Assets Liabilities And Equity 8 Lakh 1 (128.15 KiB) Viewed 58 times

question 18 opening balance sheet of mr. a is showing the aggregate value of assets, liabilities and equity $ 8 lakh, $ 3 lakh and $ 5 lakh respectively. during accounting period, mr. a has the following transactions: (1) earned 10% dividend on 2,000 equity shares held of $ 100 each (2) paid $ 50,000 to creditors for settlement of $ 70,000 (3) rent of the premises is outstanding $10,000 (4) mr. a withdrew $ 9,000 for his personal use. you are required to show the effect of above transactions on balance sheet in the form of assets - liabilities = equity after each transaction.