Brijesh Vishwanath had the following transactions. Use nccounting equation to
show their effect on his Assets, Liabilities and Capital?
(a) Invested Rs. 15,000 in cash
(b) Purchased securities for cash Rs. 7,500
(c) Purchased a machinery for Rs. 25,50,000 : giving Rs. 50,000 in cash and
the balance through loan account
(d) Sold securities costing Rs. 1,000 for Rs. 1,500
(e) Purchase an old car for Rs. 2,800 cash.
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Answer:
A is the right answer
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