Sir or ma'am can you explain me the accounting equation question please.
Dear Student,
| S. No. | Transaction | Assets | = | Liabilities | + | Capital | |||||||
| Cash | + | Stock | + | Debtors | = | Creditors | |||||||
| (i) | Raghu started business with cash | 1,50,000 | = | 1,50,000 | |||||||||
| 1,50,000 | = | 1,50,000 | |||||||||||
| (ii) | Bought goods for cash Rs 80,000 and on credit Rs 40,000 | (80,000) | + | 1,20,000 | = | 40,000 | |||||||
| New Balance | 70,000 | + | 1,20,000 | = | 40,000 | + | 1,50,000 | ||||||
| (iii) | Goods costing Rs 75,000 were sold at a profit of 33.33% | 50,000 | + | (75,000) | 50,000 | = | + | 25,000 | |||||
| New Balance | 1,20,000 | + | 45,000 | = | 40,000 | + | 1,75,000 | ||||||
| (iv) | Goods costing Rs 10,000 sold for Rs 12,000 | (10,000) | + | 12,000 | = | + | 2,000 | ||||||
| 1,20,000 | + | 35,000 | + | 62,000 | = | 40,000 | + | 1,77,000 | |||||
| (v) | Paid for Rent and Salaries | (6,000) | = | (6,000) | |||||||||
| 1,14,000 | + | 35,000 | + | 62,000 | = | 40,000 | + | 1,71,000 | |||||
| (vi) | Goods of Rs 20,000 sold for Rs 18,500 | 18,500 | + | (20,000) | = | (1,500) | |||||||
| 1,32,500 | + | 15,000 | + | 62,000 | = | 40,000 | + | 1,69,500 | |||||
Regards