Question

Develop the accounting equation on the basis of following transaction 1.) muskan started busines with cash rupes 5,00,000 11.) purchased furniture for cash rupes 5,000​

Answer 1

Answer:

1.Assets (₹5,00,000)= Capital(₹5,00,000)+ liabilities(0)

2.Assets(₹4,95,000)= Capital(₹4,95,000)+ liabilities(0)