Question

Vanisla had the following transaction use accounting equation to show their effect on her assets liabilities and capital
1.invested 30000 in cash as capital
2.purchased furniture for cash 15000
3.purchased a building for 30000 giving 10000 in cash and the balance through a loan

Answer 1

Answer:

total Assets=75000

tota Liability=50000

Explanation:

Assets= Investment, Furniture and Building

Capital= Investment

Liability= Loan