What will be the effect of the following on the Accounting Equation :-
1. Purchased goods for Rs.20,000 from Mahesh on Credit.
2. Sold goods to Suresh costing Rs.8,000 for Rs. 10,000 in cash.
3. Paid Wages Rs.500.
4. Withdrew in cash for private use Rs. 2,000.
5 Paid to creditors Rs. 5,000.

What will be the effect of the following on the Accounting Equation ? (i) Harish started business with cash Rs. 1,80,000. (ii) Purchased goods for cash Rs. 60,000 and on credit Rs. 30,000. (iii) Sold goods for cash Rs. 40,000 , costing Rs. 24,000. (iv) Rent paid Rs. 5,000, and rent outstanding Rs. 2,000. (v) Sold good on credit Rs. 50,000 (costing Rs. 38,000). (vi) Salary paid in advance Rs. 3,000.

Open 'T' shape account of our creditor 'Raghubir' and write the following transactions on the proper side : - 1. Purchased goods from Raghubir on credit for Rs. 50,000. 2. Returned goods to Raghubir for Rs. 5,000. 3. Paid to Raghubir Rs. 30,000. 4. Purchased goods from Raghubir on credit for Rs.16,000. 5. Paid to Raghubir Rs. 20,000.

Prepare accounting equation from the following : (a) Started business with cash Rs. 50,000 and goods Rs.30,000. (b) Purchased goods for cash Rs. 30,000 and on credit from Karan Rs. 20,000. (c ) Goods costing Rs.40,000 were sold for Rs. 55,000 for cash. (d) Withdrew cash for personal use Rs. 10,000. (e) Rent outstanding Rs.2,000.

Prepare Accounting Equation from the following : (a) Started business with Cash Rs. 2,00,000. (b) Purchased goods for Cash Rs. 60,000 and on Credit Rs. 1,50,000. (c ) Sold goods for Cash costing Rs. 40,000 at a profit of 20% and on Credit costing Rs. 72,000 at a profit of 25%. (d) Paid for Rent Rs. 5,000.

Prove that the Accoounting Equation is satisfied in all the following transaction of Rajaram. Also prepare a Balance Sheet : - 1. Started business with Cash Rs. 1,20,000. 2. Purchased a typewriter for Cash for Rs.8,000 for office use. 3. Purchased goods for Rs. 50,000 for cash. 4. Purchased goods for Rs.40,000 on credit. 5. Goods costing Rs.60,000 sold for Rs. 80,000 on credit. 6. Paid for Rent Rs. 1,500 and for salarires Rs.2,000. 7. Received Rs.800 for Commission. 8. Withdrew for private use Rs.5,000 in cash.

Prepare 'Accounting Equation' from the following : (a) Started business with cash Rs.1,00,000. (b) Purchased goods for cash Rs.20,000 and on credit Rs.30,000. (c ) Sold goods for cash costing Rs. 10,000 and on credit costing Rs. 15,000 both at a prodit of 20%.

Open 'T' shape account of our creditor 'Sanjay' and write the following transactions on the proper sise : 1. Purchased goods from Sanjay on Credit for Rs. 40,000. 2. Paid to Sanjay Rs. 25,000. 3. Again purchased goods from Sanjay on Credit for Rs. 16,000. 4. Goods returned to Sanjay for Rs. 2,000. 5. Paid to Sanjay Rs. 20,000.

From the following tansaction, state the nature of accounts and state the accounts which will be debited and credited: 1. Ganesh started business with Cash Rs.2,00,000. 2. Purchased goods for Cash Rs. 60,000. 3. Sold goods for cash Rs.75,000. 4. Purchased goods from Nakul on Credit for Rs. 80,000. 5. Sold goods to Bhushan on Credit fro Rs. 50,000. 6. Paid Cash to Nakul Rs. 20,000. 7. Received Cash from Bhushan Rs. 10,000. 8. Paid salary Rs. 20,000.