juan cruz open a trading business with a cashinvestment of P250,000.
what is the expanded accounting equation?
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juan cruz open a trading business with a cashinvestment of P250,000.
what is the expanded accounting equation?
Assets = Liabilities + Owners Equity
Your Journal entry will be: Debit Cash and Credit Owners Equity for the amount, therefore you are increasing an Asset and Owners Equity.
One post is sufficient. We aren't in need of four of the same one, thanks. You need to be patient and not expect an answer in 2 minutes - even at my real job where I get paid, people have to wait in line for their turn.
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