Pallabi Sekhar Associates a partnership firm made these

Last updated: 3/10/2023

Pallabi Sekhar Associates a partnership firm made these transactions Find out the effect on Assets Liabilitie and Capital of the Firm in an Accounting Equation form 1 Business started with 75 000 as capital introduced 2 Taken a Loan from Rajesh and Purchased a computer worth 3 750 3 Additional Capital Invested 15 320 in the form of Equipment 4 Paid Rent in advance 22 500 by cash only 5 Bought a Generator of value 25 000 from Harish Ltd by taking loan from Rajesh again Withdrawn an amount of 10 500 by the Partner for personal purposes Deposited into Firm s Bank an amount of 25 000