Question

Started business with cash rs2,00,000 by nimay and good purchase on credit card rs 50,000 from vanshika make transactions on accounting equation

Answer 1

accounting equation

asset = liabilities + capital

started business with cash

Cash = capital

200000=200000

purchased goods on credit

cash + stock = capital

200000+0 =200000

(50000)+50000= 200000

1500000+50000= 200000