Prepare Accounting Equation on the basis of the following transactions :
(a) Started business with cash Rs. 70,000.
(b) Credit purchase of good Rs. 18,000.
(c ) Payment made to creditors in full settlement Rs. 17,500.
(d) Purchase of machinery for cash Rs. 20,000.

Prepare the Accounting Equation on the basis of the following : (a) Started business with cash Rs. 1,40,000 and Stock Rs. 2,50,000. (b) Sold goods (costing Rs. 50,000) at a profit of 25% on cost. (c ) Deposited into bank account Rs. 1,80,000. (d) Purchased goods from Mohan Rs. 80,000.

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 Accounting Equation is satisfied in all following transactions of Sameer Goel : (i) Started business with Cash Rs. 1,00,000. (ii) Paid rent in advance Rs.3,000. (iii) Purchased goods for cash Rs.50,000 and Credit Rs. 20,000. (iv) Sold goods for Cash Rs. 80,000 costing Rs. 40,000. (v) Paid salary in cash in cash Rs. 4,500 and salary outstanding Rs. 1,000. (vi) Bought motor cycle for personal use Rs. 30,000.

Show the accounting equation on the basis of the following transactions and also show the Balance Sheet : (i) Started business with Cash Rs.60,000 and Goods Rs.30,000. (ii)Purchased goods for Cash Rs.40,000 and on Credit Rs. 25,000. (iii) Goods costing Rs. 48,000 sold at a profit of 33 1/3% . Three -fourth payment received in Cash (iv) Goods costing Rs. 20,000 sold at a loss of 5% , out of which Rs. 12,000 received in Cash. (v) Paid Rent Rs. 4,000 and Salary Rs. 6,000. (vi) Received Cash from Debtors Rs.15,000. (vii) Paid telephone bill amounting to Rs.800.

Show the accounting equation on the basis of following transactions : (i) Commenced business with Cash Rs.20,000, Goods Rs. 50,000 and Furniture Rs. 30,000. (ii) Purchased goods from Gopal on Credit Rs.40,000. (iii)Sold goods for Cash Rs.40,000 (Costing Rs. 30,000). (iv) Sold goods to Ram on Credit Rs. 65,000 (Costing Rs. 50,000). (v) Withdrew for personal use goods costing Rs. 5,000. (vi) Purchased typewriter for personal use of the proprietor Rs. 20,000. (vii) Purchased chairs for office use for Cash Rs. 10,000. (viii) Paid for printing Rs. 500 and received Commission Rs.1,200. (ix) Introduced fresh Captial Rs. 40,000. (x) Paid to Gopal Rs. 30,000.