Question

Prepare Accounting equation on the basis of the following. a) Harish started business with cash . 2,00,000

Answer 1

Assets = 200000, Liabilities = 200000

Explanation:

Accounting Equation : Assets = Liabilities + Capital

                                                                                   Cash   = Liabilities + Capital

a) Harish started business with cash . 2,00,000:  200000 = 0        + 200000

                                   Total                                       200000 =          + 200000