Question

Q- prove that the accounting equation is satisfied in following transactions
1- started business with cash rs 50000 and goods rs 20000​

Answer 1

Q- prove that the accounting equation is satisfied in following transactions

1- started business with cash rs 50000 and goods rs 20000

=> Cash A/c dr 50,000

=> Purchase A/c dr 20,000

=>. To Capital A/c 70,000

{ Being Start business with cash and goods }

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