Prepare AccountingEquation on the basis of the following transactions : (a) Started business wit...

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 Two-column Cash Book of Vinod, Delhi from the following transactions: