show the accounting equation on the basis of the following transection: 1-arjun started business with cash 80,000. 2-purchased goods for cash 30,000. 3-sold goods Costing 20,000 at a profit of 25% 10,000. 4- purchased goods on credit 10,000. 5-withdraw cash for private use 5,000

show the accounting equation on the basis of the following transection

1.	show the accounting equation on the basis of the following transection: 1-arjun started business with cash 80,000. 2-purchased goods for cash 30,000. 3-sold goods Costing 20,000 at a profit of 25% 10,000. 4- purchased goods on credit 10,000. 5-withdraw cash for private use 5,000
Answer» A/C Dr. To Capital A/C (started business with cash)2. Purchase A/C Dr. To Cash A/C (goods PURCHASED for cash )3.Cash A/C Dr. To Sales A/C (good sold at a PROFIT of 25%)4. purchase A/C Dr. To Account PAYABLE A/C( purchase good on credit ) 5. Drawing A/C Dr. To cash A/C (cash withdraw for private use)

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show the accounting equation on the basis of the following transection: 1-arjun started business with cash 80,000. 2-purchased goods for cash 30,000. 3-sold goods Costing 20,000 at a profit of 25% 10,000. 4- purchased goods on credit 10,000. 5-withdraw cash for private use 5,000​

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show the accounting equation on the basis of the following transection: 1-arjun started business with cash 80,000. 2-purchased goods for cash 30,000. 3-sold goods Costing 20,000 at a profit of 25% 10,000. 4- purchased goods on credit 10,000. 5-withdraw cash for private use 5,000