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

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

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts

Section: Chapter Questions

Problem 2E: Determine the following amounts: a. The amount of the liabilities of a business that has 60,800 in...

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