Question

what will be the effect on the accounting equation?
(i) starterted bussiness with cash 45,000
(ii) Opened a bank account with a deposit 45,00
(iii) Bought goods from M/s. Sun&Co. for 11,200​

Answer 1

Answer:

1. add to cash and capital

2. add to bank and less cash

3. add to stock and add to Creditors