8. Show the effect of following transaction on the accounting equation:
| (a) | Manoj started business with | |
|---|---|---|
| (i) Cash | ₹2,30,000 | |
| (ii) Goods | ₹1,00,000 | |
| (iii) Building | ₹2,00,000 | |
| (b) | He purchased goods for cash | ₹50,000 |
| (c) | He sold goods (costing ₹20,000) | ₹35,000 |
| (d) | He purchased goods from Rahul | ₹55,000 |
| (e) | He sold goods to Varun (Costing ₹52,000) | ₹60,000 |
| (f) | He paid cash to Rahul in full settlement | ₹53,000 |
| (g) | Salary paid by him | ₹20,000 |
| (h) | Received cash from Varun in full settlement | ₹59,000 |
| (i) | Rent outstanding | ₹3,000 |
| (j) | Prepaid Insurance | ₹2,000 |
| (k) | Commission received by him | ₹13,000 |
| (l) | Amount withdrawn by him for personal use | ₹20,000 |
| (m) | Depreciation charge on building | ₹10,000 |
| (n) | Fresh capital invested | ₹50,000 |
| (o) | Purchased goods from Rakhi | ₹6,000 |
NCERT/Numerical Questions/Q-08