A had the following transactions.

Use accounting equation to show

Started business with cash
Purchased goods on credit
Purchased goods for cash
Purchased furniture
Withdrew for personal use
Paid rent
Received interest
Sold goods costing Rs 5000 on credit for
Paid to creditors
Paid for salaries
Further capital invested
Borrowed from P

No. Transaction Assets = Liabilities +

Assets
1Started business with cash 50000
2Purchased goods on credit 4000
New Equation 54000
3Purchased goods for cash 1000(+)
1000(-)
New Equation 54000
4Purchased furniture 500(+)
500(-)
New Equation 54000
5Withdrew for personal use 700
New Equation 53300
 6Paid rent 200
New Equation 53100
7Received interest 100
New Equation 53200
8Sold goods costing Rs 5000 on credit for5000(-)
7000(+)
New Equation 55200
9Paid to creditors 400
New Equation 54800
10Paid for salaries 200
New Equation 54600
11Further capital invested 10000
New Equation 64600
12 Borrowed from P 10000
New Equation 74600

Show the accounting equation based on the following transactions

1S commenced business with Rs 50000.
2Paid rent in advance Rs 2000
3Purchased a machine for Rs 7000.
4Bought furniture from M/s Mohan for Rs 3000.
5Purchased goods from Sohan for cash Rs 35000
6Sold goods to Shyam for cash Rs 40000 (costing Rs 30000)
7Bought goods from Ramesh for Rs 30000
8Purchased household goods for Rs 15000 giving 5000 in cas
9goods destroyed by fire (cost price - 500 and sale price - 60
 equation to show their effect on his assets, liabilities and capital
50000
4000
1000
500
700
200
100
7000
400
200
10000
10000

Assets = Liabilities + Capital

Liabilities Capital
50000
4000
4000 50000

4000 50000

4000 50000
700
4000 49300
 200
4000 49100
100
4000 49200

2000(+)
4000 51200
400
3600 51200
200
3600 51000
10000
3600 61000
10000
13600 61000

wing transactions

costing Rs 30000)

giving 5000 in cash and rest through a loan

and sale price - 600)
d capital