Nil
Show the accounting equation from the following transactions.
Started business with cash Rs. 1,00,000 and
Inventory Rs.
40,000.140000
a.
b. Purchase Machinery from Arjun Rs. 30,000 and Paid Rs. 10,000 partially.
C.
Sold furniture costing Rs. 5,000 for Rs. 3,000.
d. Rent received in advance Rs. 5,000.
Required:
Accounting
Equation
[Ans: Assets : Rs. 1,63,000; Capital : Rs. 1,38,000; Liabilities: Rs. 25,000]
5. Consider the following transactions