bookkeeping equation that best explains how the business is financed.

Firas Sports is financed using a combination of cash and a motor van valued at RM45,000. The business has a total of RM180,000 in assets and RM60,000 in liabilities. The equation for finance is as follows:

Encik Irsyad used a combination of cash and a motor van to start his business. The business has a total of RM180,000 in assets and RM60,000 in liabilities. This equation shows that the business is operational and stable.

bookkeeping equation for a small business. How to start a small business with double entry bookkeeping.

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Question: Encik Irsyad, the owner of Firas Sports, started the business with RM150,000 cash in bank. He also brought into his business a motor van valued at RM45,000.Give the double entry

Asked by fitra

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for this transaction Debit: Cash in Bank RM150,000 Credit: Motor Van RM45,000

Answered by text-davinci-003

Jan. 13, 2023, 5:13 a.m.

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Encik Irsyad Firas Sports RM150,000 RM45,000 double entry

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Published: Friday, January 13, 2023

bookkeeping equation for a small business. How to start a small business with double entry bookkeeping.

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