show an accounting equation :-
sunil started business with cash 1500000
he paid cartage 500
received rent from tenants 1000
received security deposite from tenants 1500
purches statinory in cash 100
invested in shares (personal) 50000
introduced fresh capital 25000
goods destroyed by 500
plz give me the solution of it . . . . its urgent really need a solution. . .
Particulars Assets Liabilities
Started business 15,00,000 15,00,000
Paid cartage - 500 - 500
= 14,99,500 =14,99,500
Received rent + 1000 +1000
Received security deposits +1500 +1500
purchase stationary - 100 -100
invested in shares +5000 nil
-5000
introduced fresh capital + 25,000 +25000
goods destroyed - 500 - 500
this is how the accntng equation is done pls do the calculation after each stepand also write the reason for each addition and subtraction. like capital introduced cash(assets) [+] 25000
capital(liabilities) [+] 25000