What will be effect of the following on the Accounting Equation? Started business with cash ₹ 45,000
What will be effect of the following on the Accounting Equation?
(i) Started business with cash ₹ 45,000
(ii) Opened a Bank Account with a deposit of ₹ 4,500
(iii) Bought goods from M/s Sun & Co. for ₹ 11,200
[Assets: Cash ₹ 40,500 + Bank ₹ 4,500 + Stock ₹ 11,200 = Liabilities: Creditors ₹ 11,200 + Capital: ₹ 45,000.]
Anurag Pathak Changed status to publish September 16, 2023
