Prepare accounting equation from the following
(i) Started business with cash Rs. 1,00,000 and machinery Rs. 80,000.
(ii) Purchased goods for cash Rs. 20,000 and on credit Rs. 30,000.
(iii) Sold goods for cash costing Rs. 10,000 and on credit costing Rs. 15,000 both at a profit of 20%
(iv) Cash withdrawn for personal use Rs. 10,000.
(v) Accrud interest Rs. 2,000.
(vi) Rent received in advance Rs. 1,000.
(vii) Interest on capital @ 10% (only on cash introduced as capital).
(viii) Interest on drawings charged @ 5% (Total drawings till now is Rs. 10,000).
(ix) Depreciation on machinery provided @ 10%.
(x) Rent paid in cash Rs. 1,000 and rent outstanding Rs. 500.
(xi) Prepaid insurance Rs. 1,000.
(xii) Bad debts written off Rs. 1,000.

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Vinod has the following transactions. Show accounting equation for the same:

(i) Commenced business with cash Rs.80,000.

(ii) Paid rent in advance Rs.1,000.

(iii) Purchased goods for cash Rs.30,000 and credit Rs.20,000.

(iv) Sold goods costing Rs.20,000 for Rs.30,000.

(v) Paid Salary Rs.800 and Salary outstanding Rs.200.

Q. What will be the effect of the following on the accounting equation?
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Show the accounting equation on the basis of the following transactions.

1. Rajkumar started business with cash Rs 30,000.
2. Purchased goods for cash Rs 1,000.
3. Paid salary Rs 400.
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5. Charged depreciation Rs 300 on Furniture and Rs 500 on Machinery.

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2011 Jan.	1	Sachin started Business with Cash Rs 10,000 and Machinery Rs 15,000
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Vinod has the following transactions. Show accounting equation for the same:

(i) Started business with cash Rs.30,000; Stock Rs.12,000; Machinery Rs.20,000;
Furniture Rs.10,000.

(ii) $\frac{1}{3}$ rd of the above goods sold at a profit of 10% on cost and half of the payment is received in cash.

(iii) Cash withdrawn for personal use Rs.2,000.

(iv) Interest on drawings charged @ 5 %.

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