Prepare Accounting Equation from the following and also prepare a Balance Sheet:- 1. Raghu started business with Cash ₹1,50,000. 2. Bought goods for cash ₹80,000 and on credit for ₹40,000. 3. Goods costing ₹75,000 sold at a profit of 33 1/3%. Half the payment received in cash. 4. Goods costing ₹10,000 sold for ₹12,000 on credit. 5. Paid for Rent ₹2,000 and for salaries ₹4,000. 6. Goods costing ₹20,000 sold for ₹18,500 for Cash.
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