8. Question 5-Stated below is information relating to rental income of a business. During the year to 31 December 2020 Rs.74,500 was received as rent. The rental income for the year ended 31 December 2020 would be: Amount in Rs. at 31st December 2019 2020 Rent received in advance 4500 6000 Rent in arrears 18000 24000 A. Rs.70000 B. Rs.79000

Q: Find simply interest earn.

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Q: Bhupatbhai

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Q: Find simly interest earn

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is