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Show the effect of the following transactions upon the Accounting Equation? (1).Mr. Salman started business with cash Rs. 80,000, Equipment Rs.50,000 & Machinery Rs.5,000 (2).Open

Show the effect of the following transactions upon the Accounting Equation? (1).Mr. Salman started business with cash Rs. 80,000, Equipment Rs.50,000 & Machinery Rs.5,000 (2).Open a bank account and deposited Rs.40,000 (3). Paid rent and salaries for the month Rs.4,000 and wages outstanding for month Rs.1,000

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