Mohit has the following transactions, prepare accounting equation

		Rs
i)	Business started with Cash	1,75,000
ii)	Purchased goods from Rohit	50,000
iii)	Sold goods on credit to Manish (Costing Rs.17,500)	20,000
iv)	Purchased furniture for office use	10,000
v)	Cash paid to Rohit in full settlement	48,000
vi)	Cash received from Manish	20,000
vii)	Rent paid	1,000
viii)	Cash withdrew for personal use	3,000

Show the effects of the following business transactions on the accounting equation.

		Rs
i)	Anitha started business with cash Rs.20,000; goods Rs.12,000 and machine	8,000
ii)	Bought goods for cash	6,000
iii)	Sold goods costing Rs.2,000 for	2,500
iv)	Purchased goods from Ramani on credit	7,000
v)	Payment made to Ramani in full settlement	6,900
vi)	Sold goods to Rajan on credit costing Rs.5,400 for	20,000
vii)	Received from Rajan 5,800 in full settlement of his account	6,000
viii)	Salaries paid	4,000
ix)	Wages Outstanding	400
x)	Prepaid Insurance	100

Pass Journal Entries in the books of Ragu from the following transactions:

2016 June
1	Ragu started business with cash Rs.80,000; goods Rs.40,000 and furniture Rs.20,000.
2	Sold goods to Nandu of the list price of Rs.20,000 at trade discount of 10%.
3	Nandu returned goods on the list price of Rs.4,000
8	Received from Nandu Rs.14,150 in full settlement in his account
10	Purchased goods from Mohan of the list price of Rs.10,000 at 15% Trade discount.
13	Returned goods to Mohan of the list price Rs.1,000
16	Settled his account of Mohan by paying cash, under discount of 4%.
18	Purchased goods from Ajay Rs.5,000; Sanjay Rs.10,000.
19	Paid Cash to Ajay Rs.1,900 and discount received Rs.100.
20	Paid 9,800 to Sanjay in full settlement of his account
20	Bought a 'Table Fan' for Rs1,200 for the domestic use of Raghu.
25	Sold goods for cash of the list price of Rs.8,000 at 10%, Trade Discount and 3% cash Discount
30	Paid Rent Rs.800; Trade expenses Rs.700 and Travelling expenses Rs. 380.

Prepare accounting equation and balance, sheet on the basis of the following.

		Rs.
(i)	Pallavan started business with cash	60,000
(ii)	He purchased furniture	10,000
(iii)	He paid rent	2,000
(iv)	He purchased goodson credit from Mr.Mahendran	30,000
(v)	He sold goods (cost price f 20,000) for cash	25,000

Journalise the follow ing transactions in the books of Tmt. Jaya. 2016

2016 Jan		Rs
1	Tmt. Jaya commenced business with cash	50,000
2.	Purchased goods for cash	10,000
5	Purchased goods from Mohan on credit	6,000
7	Paid into Bank	5,000
10	Purchased furniture	2,000
20	Sold goods to Suresh on credit	5,000
25	Cash Sales	3,500
26	Paid to Mohan ·on account	3,000
31	Paid salaries	2,800