Question

Supriya had following transactions.use accounting equations to show their effects on his assets,liabilities and capital
(a)brought ₹ 45,000 in cash to start business
(b) purchased shares for cash rs 22,500
(c) received cash for rent ₹10,800

Answer 1

Answer:

Cash = Capital + Shares

(a) 45,000 = 45,000

(b) + 22,500 = 0 + 22,500

67,500 = 45,000 + 22,500

(c) + 10,800 = + 10,800 + 0

78,300 = 55,800 + 22,500