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Commerce · Q1310

Accounting

Graduate and Post Graduate · Commerce · question 1310

Q1310

A person starts a business with a capital of Rs. 45,000. He purchased goods on credit worth Rs. 5,000. These transactions can be expressed in an accounting equation as-

A.
Rs. 50,000 = Rs. 50,000 - Rs. 45,000
B.
Rs. 50,000 = Rs. 50,000 + 0
C.
Rs. 50,000 = Rs. 45,000 + Rs. 5,000
Answer
D.
Rs. 45, 000 = Rs. 50,000 - Rs. 5,000

Answer: Option C

Solution

Answer: Option C
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