Business transaction analysis 1. Paid loan payables amounting to 15,000 2. Bought office supplies on cash amounting to 20,000 3. Paid employees amounting to 30,000 4. Purchased additional equipment on account amounting to 50,000 5. Bought equipment for cash amounting to 100,000

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is