Question

9. Show the accounting equation on the basis of the following transactions
how the balance sheet.
4 marks
a) Started business with cash 60,000 and goods 30,000
b) Purchased goods for cash 40,000 and on credit 25.000​

Answer 1

Answer:

assets. =. liability. + capital

cash+stock. credit

60000+30000. 90000

-40000+65000. =. 25000

20000+95000 =. 25000. +. 90000