Show the accounting equation on the basis of the following transactions and also
show the Balance Sheet :-
a) Started business with Cash * 60,000 and Goods * 30,000.
b) Purchased goods for cash * 40,000 and on credit * 25,000
c) Goods costing * 48,000 sold at a profit of 33". %. Three-fourth payment.
received in cash.
d) Goods costing * 20,000 sold at a loss of 5%, out of which 12,000 received in
cash.
e) Paid rent 4,000 and salary * 6,000.
f) Received cash from Debtor's x 15,000.-
g) Paid telephone bill amounting to * 800.
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