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Business
Accounting
Bhoopesh Ltd. gives you these transactions of their Business. Find out their effect on its Assets, Liabilities and Capital by using an Accounting Equation. 1. Capital invested of amount $ 40,000 in the form of Cash 2. Purchased Shares worth $ 8,500 in the form of Cash 3. Bought a House of value $ 25,000 by paying $ 10,000 in Cash and balance by taking a Housing Loan. 4. Additional capital introduced for $14,000 entirely in the form of Cash only 5. Loan taken from Rahul for Working Capital requirements of $ 15,000 新 = = = BIU 1. Σ 3

Bhoopesh Ltd. gives you these transactions of their Business. Find out their effect on its Assets, Liabilities and Capital by using an Accounting Equation. 1. Capital invested of amount $ 40,000 in the form of Cash 2. Purchased Shares worth $ 8,500 in the form of Cash 3. Bought a House of value $ 25,000 by paying $ 10,000 in Cash and balance by taking a Housing Loan. 4. Additional capital introduced for $14,000 entirely in the form of Cash only 5. Loan taken from Rahul for Working Capital requirements of $ 15,000 新 = = = BIU 1. Σ 3

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bhoopesh Ltd. gives you these transactions of their Business. Find out their effect on its Assets, Liabilities and Capital by using an Accounting Equation. 1. Capital invested of amount $ 40,000 in the form of Cash 2. Purchased Shares worth $ 8,500 in the form of Cash 3. Bought a House of value $ 25,000 by paying $ 10,000 in Cash and balance by taking a Housing Loan. 4. Additional capital introduced for $14,000 entirely in the form of Cash only 5. Loan taken from Rahul for Working Capital requirements of $ 15,000 新 = = = BIU 1. Σ 3
Transcribed Image Text:Bhoopesh Ltd. gives you these transactions of their Business. Find out their effect on its Assets, Liabilities and Capital by using an Accounting Equation. 1. Capital invested of amount $ 40,000 in the form of Cash 2. Purchased Shares worth $ 8,500 in the form of Cash 3. Bought a House of value $ 25,000 by paying $ 10,000 in Cash and balance by taking a Housing Loan. 4. Additional capital introduced for $14,000 entirely in the form of Cash only 5. Loan taken from Rahul for Working Capital requirements of $ 15,000 新 = = = BIU 1. Σ 3
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