7. Show the effect of the following transactions on the Accounting Equation:
| ₹ | ||
|---|---|---|
| (i) | Started business with cash | 50,000 |
| (ii) | Salaries paid | 2,000 |
| (iii) | Wages outstanding | 200 |
| (iv) | Interest due but not paid | 100 |
| (v) | Rent paid in advance | 150 |
T.S.Grewal/2024 Edition/Practical Problems/Q-07
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.