Question

Prepare an accounting equation from the following
1 started business with cash₹ 50000

Answer 1

Answer:

Started Business with Cash 50,000

Explanation:

cash       Stock      Machinery     creditors    capital

50,000  + 0                   +0        =  0         +     50,000

Answer 2

Answer:

asset. +liability = equity

50,000 + 0. = 50,000