Question

Give the accounting equation for the following transactions.
1. Mitesh started business with ` 44,000. 2. Purchased stationery ` 6000.
3. Paid wages ` 1000.
4. Purchased mobile for business ` 10,000.
5. Withdrew cash for personal use ` 500.​

Answer 1

44,000 + 6000 + 1000 + 10,000 + 500 = 61,500