Q.11 Prepare Accounting Equation from the following
1.Sandeep started business with cash Rs.1,00,000, goods Rs.20,000 and furniture Rs.50,000.
2. Purchased goods from Ram Rs.20,000 and for cash Rs. 5,000 .
3. Goods costing Rs. 30,000 sold at a profit of 20 % , half of the payment received in cash.
4. Rent paid Rs.700 and rent outstanding Rs.500.
5. Withdrew goods for personal use Rs.1,000.
6. Goods costingRs. 5,000 sold for Rs.4,000 to Rakesh.
7. Received Rs.800 for commission.
8. Rent paid for 16 months Rs. 64,000
