You are given the following transactions:
a. Opening balance of cash and capital Rs. 60,000 each.
b.
Purchase of goods from Ram of Rs. 30,000 and made partial payment of Rs. 20,000.
Paid to Ram Rs. 9,800 in full settlement of Rs. 10,000.
C.
d. Goods sold to Sabita (cost price Rs. 5,600) on credit Rs. 7,000.
Required: Accounting equation.
Ans: Assets Rs.61,600, Liabilities Nil, Capital Rs. 61,600
