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Give detailed solution with explanation Q.4. Following transactions took place between Acqa Itd. And...

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Give detailed solution with explanation

Q.4. Following transactions took place between Acqa Itd. And Shark Ltd. Show the impact of these transactions (in the books of Acqu Itd and Shark Itd) through accounting equation in the space provided. ( 54=20 marks) On 31tt March 2017, Shark I.td. declared and distributed a dividend at Rs. 40 per Share (40% on face value of Rs. 100) when the market was Rs. 490 per share. Q.4. Following transactions took place between Acqa Itd. And Shark Ltd. Show the impact of these transactions (in the books of Acqu Itd and Shark Itd) through accounting equation in the space provided. ( 54=20 marks) On 31tt March 2017, Shark I.td. declared and distributed a dividend at Rs. 40 per Share (40% on face value of Rs. 100) when the market was Rs. 490 per share

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