Prepare accounting equation from the following. Started business with cash ₹ 50,000 and goods ₹ 30,000

Prepare accounting equation from the following:

(a) Started business with cash ₹ 50,000 and goods ₹ 30,000.

(b) Purchased goods for cash ₹ 30,000 and on credit from Karan ₹ 20,000.

(c) Goods costing ₹ 40,000 were sold for ₹ 55,000 for cash.

(d) Withdrew cash for personal use ₹ 10,000.

(e) Rent outstanding ₹ 2,000.

[Ans. Assets : Cash ₹ 65,000 + Stock ₹ 40,000 = Liabilities : Creditors ₹ 20,000 + Outstanding Rent ₹ 2,000 + Capital ₹ 83,000.]