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Show Accounting equation on the basis of following transactions: i) X started a business with cash Rs 18,000 ii) Purchased equipment for cash Rs 14,800

Show Accounting equation on the basis of following transactions:

i) X started a business with cash Rs 18,000

ii) Purchased equipment for cash Rs 14,800

iii) Purchased good on credit Rs 5,300

iv) Paid Rs 600 to creditors

v) Sold goods for cash Rs 4,000(cost price Rs 2,400)

vi) Business expenses Rs 1,400

vii) Good worth Rs 800 were taken for personal use

viii) Depreciation on the equipment is Rs 400

ix) Purchased goods for cash Rs 2,000

x) Rent outstanding is Rs 400

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