Q.1. Show the accounting equation on the basis of the following transactions.
SR.
i. Rahim started business with cash 25,000
ii. Purchased goods from Shoeb 20,000
iii. Sold goods to Amla costing SR.18, 000 25,000
iv. Rahim withdrew from business 5,000
[Assets SR. 47,000 = Capital SR.27, 000 + Liabilities SR.20, 000]
