Ram had the following transactions in an accounting year: i) commenced business with cash Rs 50000 ii) paid into bank Rs 10000 iii) purchased goods for cash RS 20000 and credit Rs 30000. iv) rent paid Rs 500. v) rent outstanding Rs 100. vi) sold goods for cash Rs 40000 costing Rs 30000. vii) bought furniture RS 5000 on credit. viii) bought refrigerator for personal use RS 5000. ix) purchased motorcycle for cash Rs 20000. create and accounting equation to show the effect of the above transaction on his assets , liabilities and capital .

Ram had the following transactions in an accounting year: i) commenced

1.	Ram had the following transactions in an accounting year: i) commenced business with cash Rs 50000 ii) paid into bank Rs 10000 iii) purchased goods for cash RS 20000 and credit Rs 30000. iv) rent paid Rs 500. v) rent outstanding Rs 100. vi) sold goods for cash Rs 40000 costing Rs 30000. vii) bought furniture RS 5000 on credit. viii) bought refrigerator for personal use RS 5000. ix) purchased motorcycle for cash Rs 20000. create and accounting equation to show the effect of the above transaction on his assets , liabilities and capital .
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