Question

show the accounting equation first started business with cash 50000 2nd purchase goods for cash 4003 rent paid 504 sold goods to shyam 3000 v furniture purchase to 2000

Answer 1

ANSWER:

1.This transaction effect on cash,capital

2.This transaction effect on cash,stock

purchase amount will subtract from cash and add In stock

3. This transaction effect on cash,capital

rent amount will subtract from cash and capital both

4. This transaction effect on cash,stock

sale amount subtract from stock and add to cash

5.This transaction effect on cash,furniture

add amount in furniture and subtract amount from cash