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What will be effect of the following on the Accounting Equation ? (1) started a business with cash 4500 (2) opened a bank account with a deposit of rs 4500 (3) bought goods from M/S sun & co. For rs 11200?
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What will be effect of the following on the Accounting Equation ? (1) ...
1) The effect on the accounting equation would be:
Assets: +4500 (Cash)
Equity: +4500 (Owner's Equity/Initial Investment)

2) The effect on the accounting equation would be:
Assets: +4500 (Cash)
Liabilities: +4500 (Bank Deposit)

3) The effect on the accounting equation would be:
Assets: -X (Cash or Bank Account)
Assets: +X (Inventory/Goods)
Equity: No change (Assuming no debt or financing was used to purchase the goods)
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What will be effect of the following on the Accounting Equation ? (1) started a business with cash 4500 (2) opened a bank account with a deposit of rs 4500 (3) bought goods from M/S sun & co. For rs 11200?
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What will be effect of the following on the Accounting Equation ? (1) started a business with cash 4500 (2) opened a bank account with a deposit of rs 4500 (3) bought goods from M/S sun & co. For rs 11200? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What will be effect of the following on the Accounting Equation ? (1) started a business with cash 4500 (2) opened a bank account with a deposit of rs 4500 (3) bought goods from M/S sun & co. For rs 11200? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What will be effect of the following on the Accounting Equation ? (1) started a business with cash 4500 (2) opened a bank account with a deposit of rs 4500 (3) bought goods from M/S sun & co. For rs 11200?.
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