Transaction Analysis:
Ram starts a business with 90k and buys goods from Sam on credit for 23k. Let's analyze this transaction using the accounting equation.

Assets = Liabilities + Owner's Equity

Assets:
- Ram's initial investment of 90k in the business is considered an asset. This increases the asset side of the equation by 90k.

Liabilities:
- Buying goods on credit means that Ram owes Sam 23k. This increases the liability side of the equation by 23k.

Owner's Equity:
- Owner's equity represents the owner's investment in the business. Since Ram invested 90k in the business, this increases the owner's equity side of the equation by 90k.

Explanation:
- Initially, Ram's assets are 90k, and his liabilities and owner's equity are both 0.
- After buying goods on credit for 23k, his assets remain the same at 90k, but his liabilities increase to 23k. This transaction also increases his owner's equity to 90k.
- Therefore, the accounting equation after this transaction will be:
Assets (90k) = Liabilities (23k) + Owner's Equity (90k)
This transaction shows that although Ram's liabilities have increased due to the credit purchase, his overall position in the business remains positive as his assets are greater than his liabilities.