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.

Explanation

Assets : Cash Rs. 1,83,000 +Stock Rs. 98,000 + Debtors Rs. 90,000 = Liabilities : Creditors Rs. 1,50,000 + Capital Rs. 2,21,000