Question

Started business with cash rs 50,000 and goods rs 20,000 how to solve this question of chapter accounting equation

Answer 1

Accounting equation

Assets  = capital + liabilities

Accounting equation for above question

Increase in cash (asset ) by  50000

Increase in stock (asset) by 20000

Increase in capital by 70000

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Accounting Equation

Cash + stock = capital

50000+ 20000 = 70000

70000 = 70000

Answer 2

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