Kunal started business with cash ₹ 2,50000, He purchased furniture for cash ₹ 35,000, He paid commission ₹ 2,000 - Prepare Accounting Equation

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Prepare accounting equation from the following:

Kunal started business with cash ₹ 2,50000
He purchased furniture for cash ₹ 35,000
He paid commission ₹ 2,000
He purchases goods on credit ₹ 40,000
He sold goods (Costing ₹ 20,000) for each ₹ 26,000






S.NoExplanationAssetAssetAssetLiabilities+Capital
  Cash+Furniture+Stock=Creditors  
(a)Increase in cash2,50,000        
 Increase in capital        2,,50,000
  2,50,000    =NIL+2,50,000
(b)Increase in furniture  35,000      
 Decrease in cash(35,000)        
  2,15,000+35,000  =NIL+2,50,000
(c)Decrease in capital (Expense)        (2,000)
 Decrease in cash(2,000)        
  2,13,000+35,000  =NIL+2,48,000
(d)Increase in stock    40,000    
 Increase in creditors      40,000  
  2,13,000+35,000+40,000=40,000+2,48,000
(e)Increase in cash26,000        



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