Suppose P starts a business with Rs.50000 cash and then buys furniture from F.F. Co. on credit for Rs. 2000. Now, the accounting equation

Questions › Category: Commerce › Suppose P starts a business with Rs.50000 cash and then buys furniture from F.F. Co. on credit for Rs. 2000. Now, the accounting equation
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Suppose P starts a business with Rs.50000 cash and then buys furniture from F.F. Co. on credit for Rs. 2000. Now, the accounting equation

Assets = Capital + Liabilities will be

a) 52000 = 50000 + 2000  (Ans)

b) 50000 = 50000 + 0

c) 50000 = 48000 + 2000

d) 48000 = 50000 – 2000