Please answer what is accounting equation for issued shares which is given at first in question.
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Answer:
ASSETS= LIABILITIES+CAPITAL
BANK= SHARE CAPITAL
4000000 CENTS=4000000 CENTS
Explanation:
AS YOUR QUERY , IF SHARES ARE ISSUED BY COMPANY ITS RAISES FUNDS AND GIVE SHARE TO THE PURCHASER OF SHARE. SO, OUR BANK BALANCES INCREASES AS WE SOLD SHARES AND AGAINST THIS WE ISSUED CAPITAL, NOW PUT FIGURES IN FORMULA. I HAVE MULTILY CENTS (50*80000 NO. OF SHARES)
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