Prepare an Accounting Equation and Balance Sheet on the following basis:
(i) Ajeet started business Rs. 20,000.
(ii) He purchased furniture for Rs. 2,000.
(iii) He paid rent of Rs. 200.
(iv) He purchase goods on credit Rs. 3,000.
(v) He sold goods (cost price Rs. 2,000) for Rs. 5,000 on cash.
