Business Studies, asked by rupalibandal044, 1 year ago

But I want to an accounting equation for the transaction

commenced business with cash 500,000

Answers

Answered by aditya4325
1

Explanation:

cash increase 500000 and capital increase 500000

Answered by marionpatnaik
1

Answer:

Cash A/c Dr. 5,00,000

To Capital A/c 5,00,000

Explanation:

Cash is an asset for business and it has debit balance, as cash is brought into business it will be debited and business's liability is capital which has credit balance and it will be increased by crediting it

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