# 1 - mayank started business with cash 100000. opened a bank account and transferred 400000from his saving account 2- purchased a building from sohan for 1200000 paid by taking a loan from SBI. 3- paid intrest on loan 20000 anf instalment of 100000 by cheque. 4- purchased goodsfrom rohan on credit 100000 5- sold goods costing 40000 for 50000 on credit to ram. 6- accured intrest 5000

• prepare accounting equation ftom the following

Dear Student,

 S. No. Transaction Assets = Liabilities + Capital Cash + Bank + Building + Stock + Debtors + Accrued Interest = Loan from SBI + Creditors + Capital (1) Started business with cash 1,00,000 + + - + - + - + - = - + - + 1,00,000 (1) Opened bank account and transferred from Savings A/c - + 4,00,000 + - + - + - + - = - + - + 4,00,000 1,00,000 + 4,00,000 + - + - + - + - = - + - + 5,00,000 (2) Purchased building by taking a loan from SBI - + + 1,20,000 + - + - + - = 1,20,000 + - + - 1,00,000 + 4,00,000 + 1,20,000 + - + - + - = 1,20,000 + - + 5,00,000 (3) Paid interest on loan and loan instalment by cheque - + (1,20,000) + - + - + - + - = (1,00,000) + - + (20,000) 1,00,000 + 2,80,000 + 1,20,000 + - + - + - = 20,000 + - + 4,80,000 (4) Purchased on credit - + - + - + 1,00,000 + - + - = - + 1,00,000 + - 1,00,000 + 2,80,000 + 1,20,000 + 1,00,000 + - + - = 20,000 + 1,00,000 + 4,80,000 (5) Sold goods on credit at profit - + - + - + (40,000) + 50,000 + - = - + - + 10,000 1,00,000 + 2,80,000 + 1,20,000 + 60,000 + 50,000 + - = 20,000 + 1,00,000 + 4,90,000 (6) Accrued Interest - + - + - + - + - + 5,000 = - + - + 5,000 1,00,000 + 2,80,000 + 1,20,000 + 60,000 + 50,000 + 5,000 = 20,000 + 1,00,000 + 4,95,000

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