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.

Explanation

Assets : Cash Rs. 40,700 + Stock Rs. 5,000 + Furniture Rs. 40,000 +Debtors Rs. 65,000 = Liabilities : Creditors Rs. 10,000 + Capital Rs. 1,40,700.