Show an Accounting Equation on the basis of the following
transactions -
Rs.
Started business with cash
5,00,000
Purchase Goods from shyam
2,00,000
Paid Cartage
1000
Sold Goods for cash casting Rs. 25000 35000
Received interest
4000
Drew personal use
7000
Purchased machinery on credit
50,000
Rent outstanding
3500
Depreciation on machinery
5000
Introduced fresh Capital
100000
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