What will be the effect of the following on the Accounting Equation.
- Purchased goods for ₹ 20,000 from Mahesh on Credit.
- Sold goods to Suresh costing ₹ 8,000 for ₹ 10,000 in cash.
- Paid Wages ₹ 500.
- Withdrew in cash for private use ₹ 2,000.
- Paid to creditors ₹ 5,000
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- + Stock + Creditors
- + Cash - Stock + Capital
- - Cash - Capital
- - Cash - Capital
- - Cash - Creditors
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