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