Accounting Equation 

Show the accounting equation on the basis of the following transaction :
  1. Udit started business with cash Rs. 5,00,000, and Goods Rs. 1,00,000.
  2. Purchased building for cash Rs. 2,00,000
  3. Purhcased goods from Himani Rs. 50,000
  4. Sold goods to Ashu (cost Rs. 25,000) Rs. 36,000
  5. Paid Insurance premium Rs. 3,000
  6. Rent outstanding Rs. 5,000
  7. Depraciation on building Rs. 8,000
  8. Cash withdrawn for personal use Rs. 20,000
  9. Rent received inadvance Rs. 5,000
  10. Cash paid to Himani on account Rs. 20,000
  11. Cash received from Ashu Rs. 30,000
Solution :-