Prepare Accounting Equation of the following transaction: (4M
(1) Rushabh commenced business with cash Rs.50,000 and Rs.1,00,000 by cheque,
goods Rs.60,000, Machinery Rs.1,00,000.
(2) Bought Furniture for personal use Rs.20000
(3) Depreciation on Machinery provided Rs.1000
(4) Salary outstanding Rs.2,000
(5) He sold his personal car for Rs.50,000 and deposited the amount in the firm’s bank account.
(6) Goods destroyed by fire Rs.500.
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