A business has capital of 20,000 and assets of 20,000. It then borrows 10,000 from the bank
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A business has capital of £20,000 and assets of £20,000. It then borrows £10,000 from the bank to finance the purchase of some new office equipment. How does this affect the accounting equation?
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Related Book For 
Business Accounting An Introduction To Financial And Management Accounting
ISBN: 9780230276239
2nd Edition
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
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