Anil had the following transactions: 1. Commenced business with cash ₹50,000. 2. Purchased goods for cash ₹20,000and credit ₹30,000. 3. Sold goods for cash ₹40,000, costing ₹30,000. 4. Rent paid ₹500, Salaries ₹5,000. 5. Rent outetanding ₹100, Salaries Outstanding ₹1,000. 6. Bought furniture for ₹5,000 on credit. 7. Bought refrigerator for personal use ₹5,000. 8. Purchased computer for cash₹20,000. 9.Cash withdrawn for personal use ₹10,000. 10. Interest on drawings charged ₹500 and the interest onCapital ₹1000. Use Accounting Equation to show the effected the above transactions on his assets, liabilities and capital and also show his Balance Sheet.

Anil had the following transactions: 1. Commenced business with cash

1.	Anil had the following transactions: 1. Commenced business with cash ₹50,000. 2. Purchased goods for cash ₹20,000and credit ₹30,000. 3. Sold goods for cash ₹40,000, costing ₹30,000. 4. Rent paid ₹500, Salaries ₹5,000. 5. Rent outetanding ₹100, Salaries Outstanding ₹1,000. 6. Bought furniture for ₹5,000 on credit. 7. Bought refrigerator for personal use ₹5,000. 8. Purchased computer for cash₹20,000. 9.Cash withdrawn for personal use ₹10,000. 10. Interest on drawings charged ₹500 and the interest onCapital ₹1000. Use Accounting Equation to show the effected the above transactions on his assets, liabilities and capital and also show his Balance Sheet.
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