Accounting Equation Problem 12

Following transactions are given:

1. Bishal started business with cash Rs. 50,000 and bank balance of Rs. 30,000.
2. Received loan of Rs. 20,000.
3. Purchased goods for Rs. 60,000 and made partial payment of Rs. 40,000.
4. Interest due but not paid Rs. 1,000.

Required: Accounting Equation

S.No.	Transactions	Assets	=	Capital	+	Liabilities
1	Business started with cash and bank balance	+50,000 +30,000		+80,000		0
	Beginning Equation	80,000	=	80,000	+	0
2	Loan received	+20,000		0		+20,000
	New Equation	1,00,000	=	80,000	+	20,000
3	Purchased goods and made partial payment	+60,000 -40,000		0		+20,000
	New Equation	1,20,000	=	80,000	+	40,000
4	Interest due but not paid	0		-1,000		+1,000
	Final Equation	1,20,000	=	79,000	+	41,000

Note: If anybody have confusion in above given solution then comment me below.