Final answer:
The transaction of purchasing goods worth Rs.95,000 with a partial payment of Rs.45,000 results in an increase in assets by Rs.50,000 and an equal increase in liabilities, with no change to owner's equity. the accounting equation reflecting this transaction is Assets = Liabilities + Owner's Equity.
Step-by-step explanation:
The question revolves around a transaction where goods worth Rs.95,000 have been purchased, and a partial payment of Rs.45,000 has been made. To understand how this transaction affects the accounting equation, we must consider the impact on assets, liabilities, and owner's equity. when goods are purchased on account, assets (inventory) increase by the amount of the purchase, and liabilities (accounts payable) also increase if not fully paid for. In this case, assets increase by Rs.95,000 due to the inventory purchase. Since there's a partial payment of Rs.45,000, the cash (an asset) decreases by Rs.45,000, and liabilities increase by the remaining amount, which is Rs.50,000 (the unpaid portion).
The accounting equation is Assets = Liabilities + Owner's Equity. Given this transaction, the increase in assets (goods) and decrease in cash result in a net increase in assets of Rs.50,000. There's also an increase in liabilities (the unpaid portion of the goods) by Rs.50,000. Owner's equity does not change as a result of this transaction.