Answer:
No effect
Step-by-step explanation:
The journal entry to record this give transaction is shown below:
Furniture Dr RM13,000
To Bank RM 13,000
(Being the furniture purchased by cheque is recorded)
For recording this we debited the furniture as it increased the asset and credited the bank as it decreased the assets
Therefore there is no effect in the accounting equation as the increase and decreased in done in asset side only