1.

Show the effect of following transactions on the accounting equation:a) Kiran commenced business with cash 1,00,000 and bank balance 60.000(ii) Salary paid by cheque 18,000,Gin), Salary due but not paid 12,000.Interest paid for next year by cheque 16,000,(v) Rent received 15,000.(viRent due but not received * 7,000.vii) Commission received in advance for next year 10,000,​

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