Q.4. Following transactions took place between Acqa Itd. And Shark Ltd. Show the impact of these transactions (in the books of Acqu ltd and Shark ltd) through accounting equation in the space provided. 1. Acqa Ltd. acquired 5,000 Shares of Shark Ltd. at Rs. 480 per Share on 1st April 2016 when the face value of each share was Rs.100. Assets Assets Acqa Itd. Liabilities Shark Ltd. Liabilities Capital Capital

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Q.4. Following transactions took place between Acqa Itd. And Shark Ltd. Show the impact of these
transactions (in the books of Acqu ltd and Shark ltd) through accounting equation in the space
provided.
1. Acqa Ltd. acquired 5,000 Shares of Shark Ltd. at Rs. 480 per Share on 1st April 2016 when the
face value of each share was Rs.100.
Assets
Assets
Acqa Itd.
Liabilities
Shark Ltd.
Liabilities
Capital
Capital
Transcribed Image Text:Q.4. Following transactions took place between Acqa Itd. And Shark Ltd. Show the impact of these transactions (in the books of Acqu ltd and Shark ltd) through accounting equation in the space provided. 1. Acqa Ltd. acquired 5,000 Shares of Shark Ltd. at Rs. 480 per Share on 1st April 2016 when the face value of each share was Rs.100. Assets Assets Acqa Itd. Liabilities Shark Ltd. Liabilities Capital Capital
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