Show the accounting equations on the basis of the following transactions :
(i) Rehman commenced business with cash 50,000.

September 8, 2021

By Josie

Show the accounting equations on the basis of the following transactions :
(i) Rehman commenced business with cash 50,000.
(1) Purchased goods on credit 18,000.
(iii) Withdrew cash for private use * 12,000.
(iv) Goods costing 10,000 sold on credit for * 9,000.
(v) Purchased machinery for 20,000.
(vi) Purchased goods for cash 6,000.​