Sarthaks Test
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What will be the effect of the following on the Accounting Equation? 

i. Harish started business with cash Rs.18,000 

ii. Purchased goods for cash 5,000 and on credit Rs.2,000 

iii. Sold goods for cash Rs.4,000 (costing Rs.2,400) 

iv. Rent paid Rs.1,000 and rent outstanding Rs.200

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