Question

show the effect of the following transactions on the accounting equation 1.started business with cash50,000​

Answer 1

Answer:

Show the effect of the following transactions on the Accounting Equation: (i) Started business with cash ₹ 50,000. (ii) Salaries paid ₹ 2,000. (iii) Wages Outstanding ₹ 200.

Explanation:

Answer 2

Answer:

The balance is maintained because every business transaction affects at least two of a company's accounts. For example, when a company borrows money from a bank, the company's assets will increase and its liabilities will increase by the same amount.

Explanation:

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