1)Paid salary Rs.450 and salary outstanding being Rs.100

2)Goods destroyed by fire Rs.500

I NEED THE ACCOUNTING EQUATION OF THIS, AS SOON AS POSSIBLE

Dear Student, in response to your first query, Rs 450 should be deducted from the Cash (on Assets side) and on the other hand same amount (Rs 450) should be deducted from Capital (on Liabilities + Capital side). On the other hand, Outstanding Salary of Rs 100 should be under the Liabilities and deducted from Capital.

In response to your second query, Goods lost by fire of Rs 500 should be deducted from Stock (on the assets side) as it is reduction in the stock of goods, on the other hand, Rs 500 should be deduced from the Capital, as it is a loss for the business.