Question

Show the accounting equation on the basis of the following transactions
a)started business with cash Rs 100000
b)salaries paid Rs 400
c)wages outstanding Rs 400
d)prepaid insurance Rs 1400
e)Interest due but not paid Rs 200
f)Rent paid in advance Rs 300

Answer 1

Answer:

(A) STARTED BUISNESS WITH 100000

Explanation:

BE CAUSE OF THE EQUATION OK