show the accounting equation for
following transaction.
1. Started business with cash rupees
1,20,000.
2. Purchased goods for cash rupees 10000
3. Rent received rupees 5000
4. Salary outstanding rupees 2000
5. Prepaid insurance rupees 1000
6. Sold goods for cash costing rupees
5000 for rupees 7000
7. Goods destroyed by fire rupees
500
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