Show the effect of following transaction on the accounting equation:

Show the effect of following transaction on the accounting equation: Rs (a) Manoj started business with (i) Cash ₹2,30,000 (ii) Goods ₹1,00,000 (iii) Building ₹2,00,000 (b) He purchased goods for cash ₹50,000 (c) He sold goods(costing Rs 20,000) ₹35,000 (d) He purchased goods from Rahul ₹55,000 (e) He sold goods to Varun (Costing Rs 52,000) ₹60,000 (f) He paid cash to Rahul in full settlement ₹53,000 (g) Salary paid by him ₹20,000 (h) Received cash from Varun in full settlement ₹59,000 (i) Rent outstanding ₹3,000 (j) Prepaid Insurance ₹2,000 (k) Commission received by him ₹13,000 (l) Amount withdrawn by him for personal use ₹20,000 (m) Depreciation charge on building ₹10,000 (n) Fresh capital invested ₹50,000 (o) Purchased goods from Rakhi ₹10,000

Answer» Show the effect of following transaction on the accounting equation:

		Rs
(a)	Manoj started business with
	(i) Cash	₹2,30,000
	(ii) Goods	₹1,00,000
	(iii) Building	₹2,00,000
(b)	He purchased goods for cash	₹50,000
(c)	He sold goods(costing Rs 20,000)	₹35,000
(d)	He purchased goods from Rahul	₹55,000
(e)	He sold goods to Varun (Costing Rs 52,000)	₹60,000
(f)	He paid cash to Rahul in full settlement	₹53,000
(g)	Salary paid by him	₹20,000
(h)	Received cash from Varun in full settlement	₹59,000
(i)	Rent outstanding	₹3,000
(j)	Prepaid Insurance	₹2,000
(k)	Commission received by him	₹13,000
(l)	Amount withdrawn by him for personal use	₹20,000
(m)	Depreciation charge on building	₹10,000
(n)	Fresh capital invested	₹50,000
(o)	Purchased goods from Rakhi	₹10,000