1. What will be effect of the following on the Accounting Equation?(i) Started business with cash 45000.(ii) Opened a Bank Account with a deposit of 4,500.(ii) Bought goods from M/s. Sun and co. for rupees 11,200.
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(I) cash A/C.....dr 45,000
to capital A/C 45,000
(ii) cash A/C.....dr 4,500
to bank A/C 4,500
(iii) purchase A/C.....dr 11,200
to M/s.Sun&Co. A/c 11,200
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