Prepare accounting equation from the following:(i) Started a business with cash ₹ 1,00,000 and goods worth ₹ 20,000.(ii) Sold 50% of above goods at a profit of ₹ 2,000 on credit to Ram.(iii) Rent paid ₹ 5,000.(iv) Ram paid 50% of his balance in cash.

Prepare accounting equation from the following:(i) Started a business

1.	Prepare accounting equation from the following:(i) Started a business with cash ₹ 1,00,000 and goods worth ₹ 20,000.(ii) Sold 50% of above goods at a profit of ₹ 2,000 on credit to Ram.(iii) Rent paid ₹ 5,000.(iv) Ram paid 50% of his balance in cash.
Answer» Prepare accounting equation from the following: (i) Started a business with cash ₹ 1,00,000 and goods worth ₹ 20,000. (ii) Sold 50% of above goods at a profit of ₹ 2,000 on credit to Ram. (iii) Rent paid ₹ 5,000. (iv) Ram paid 50% of his balance in cash.