Transactions of M/s Vipin Traders are given below :
Show the effects on Assets, Liabilities and Capital with the help of accounting equation.
`{:(,,," "Rs.),((a),"Business started with cash",,"1,25,000"),((b),"Purchased goods for cash",,"50,000"),((c),"Purchased furniture from R.K. Furniture on Credit",,"10,000"),((d),"Sold goods to Parul Traders (Costing Rs. 7,000 vide bill no. 5,674)",,"9,000"),((e),"Paid cartage",,"100"),((f),"Cash Paid to R.K. Furniture in full settlement",,"9,700"),((g),"Cash sales (costing Rs. 10,000)",,"12,000"),((h),"Rent received",,"4,000"),((i),"Cash withdrew for personal use",,"3,000"):}`
