#1 #2 Assignment #1 The effect on the accounting equation Assets liabilities + Equity Muhammad had the following transactions. Use accounting equation to show their effect on his Assets, Liabilities and Equity? 1) Invested in share capital Rs. 15,000 in cash. 2) Purchased securities for cash Rs. 7,500. 3) Purchased a home for Rs. 15,000: giving Rs. 5,000 in cash and the balance through loan account. 4) Purchase an old car for Rs. 2,800 cash. Assets Liabilities Equity #3 #4 #5 Total Grand total 5) Paid cash for expenses Rs. 300. The Answer: Financial accounting for supply chain