Answer this question OR
Prepare a Accounting Equation from the following information.
Ramesh started Business with Cash Rs. 50,000
Purchases goods from Sohan Rs. 20,000
Sold goods to Ram for cash Rs. 30,000 (Costing M,OOO)
Paid wages Rs. 500 & wages outstanding Rs- 100
Purchase Motor cycle for Rs. 10,000 for personal Use
Paid into BanKRs. 5,000