Following transaction are provided to you: A business commenced with Cash Rs. 35,000 and Bank balance Borrowed a loan from Bank of Asia C. Furniture costing Rs. 30,000 was sold at d. Rent received e. Goods costing Rs. 6,000 sold on credit at loss of a. b. Required: Accounting equation Rs. 65,000. 70,000 24,000 3,000 1,000 [Ans:- Assets= Rs. 1, 66,000, Owners' Equity = Rs. 96,000, Liabilities= Rs. 70,000] ​