12. Write journal entries in the books of Pankajbhai and explain its accounting effect based on equation.
1) Started business with cash of 30000 and furniture of 3 12000.
2) Opened bank account by depositing 15000 cash.
3) Goods of 12000 purchased on credit from Meena.
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in accounting equation assets are always equal to liabilities plus capital
assets = liabilities +capital
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