Question

Purchase? Stationary of RS 6000 in accounting equation ​

Answer 1

Answer:

see below

Explanation:

Purchase of goods worth Rs 6000 will increase stocks( assets account by Rs 6000 and increase creditor ( liabilities by 6000). The effect on the accounting equation is as below.

The accounting equation is  Assets = Equity + liabilities

Assets  =      Equity  +    liabilities

stocks                              creditors

+ Rs 6000                         +Rs 6000