Following are some transactions, you are required to show their effect on basic accounting equation. A business

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Question:

Following are some transactions, you are required to show their effect on basic accounting equation.
•A business is proposed to be started by Mr. Ahmad
•He brought in a cash of 1,50,000 as his capital contribution for the business.
•He then purchased some furniture for 25,800.
•He then purchased some goods for cash for 21,000 from M/s Ali Brothers.
•He then purchased some goods valued 11,000 from Mr. Sajid on credit.