Q6. Using following balances and transactions show accounting equation: Cash ₹ 6,000, Bank Balance ₹ 1,500, debtors ₹ 3,000, Goods ₹ 45,00, Furniture ₹ 3,000, Creditors ₹ 5,250 and Capital ₹ 12,750.
1 Purchased goods for cash Rs.1,500
2 Purchased goods from Ram Saran Rs.1,500
3 Returned goods to Ram Saran Rs.300
4 Bad Debts Rs.750
5 Goods lost by fire Rs.750
6 Amount received by cheque from debtors Rs.1,500
7 Goods costing ₹ 3,000 sold at 20% profit, half the amount received in cash
8 Purchased goods for cash ₹ 2,250 and on credit for ₹ 1,500
9 Paid to Creditors by cheque ₹ 1,500
10 Interest allowed on capital ₹ 750