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.

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%.

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.

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.

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.