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andrew-mc [135]
3 years ago
5

Beginning balance of capital Rs. 40,000 and liabilities Rs. 10,000. Accounting equation​

Business
1 answer:
mrs_skeptik [129]3 years ago
7 0

Answer:

Assets = Rs. 50,000

Explanation:

The accounting equation is expressed as below.

Assets= Liabilities + Owner’s Equity

If capital is Rs, 40,000 and liabilities, RS. 10,000, then assets will be

Assets = Rs. 40,000 + Rs, 10,000

Assets = Rs. 50,000

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