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Feliz [49]
3 years ago
9

1) Show the effect of the following transactions on the Accounting Equation:

Business
1 answer:
Dennis_Churaev [7]3 years ago
6 0

Answer:

Assets=48,000

Liabilities=47,700

Capital=300

More explanations is as attached.

Explanation:

The accounting equation can be expressed as shown;

A=L+C

where;

A=assets

L=liabilities

C=capital

This is then written as;

Assets=liabilities+capital

More explanations is as attached.

Download xlsx
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