8. What will be the effect of the following on the Accounting Equation?
| (i) | Harish started business with cash ₹ 18,000 |
| (ii) | Purchased goods for cash ₹5,000 and on credit ₹2,000 |
| (iii) | Sold goods for cash ₹4,000 (costing ₹ 2,400) |
| (iv) | Rent paid ₹1,000 and rent outstanding ₹200 |
T.S.Grewal/2024 Edition/Practical Problems/Q-08
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.