Question

2 Prove that accounting equation is satisfied in all the foilowing transactions of Swati Goyal.
(1) Started business with cash 3,00,000. (ii) Paid rent in advance 9,000.
(iii) Purchased goods for cash 1,50,000 and credit 60,000.
(iv) Sold goods for cash 2,40,000 costing 31,20,000.
(v) Paid salary in cash 13,500 and salary outstanding 3,000.
(vi) Bought motor cycle for personal use 790,000.​

Answer 1

Answer:

• 2 Prove that accounting equation is satisfied in all the foilowing transactions of Swati Goyal.
• 2 Prove that accounting equation is satisfied in all the foilowing transactions of Swati Goyal. (1) Started business with cash 3,00,000. (ii) Paid rent in advance 9,000.
• 2 Prove that accounting equation is satisfied in all the foilowing transactions of Swati Goyal. (1) Started business with cash 3,00,000. (ii) Paid rent in advance 9,000.(iii) Purchased goods for cash 1,50,000 and credit 60,000.
• 2 Prove that accounting equation is satisfied in all the foilowing transactions of Swati Goyal. (1) Started business with cash 3,00,000. (ii) Paid rent in advance 9,000.(iii) Purchased goods for cash 1,50,000 and credit 60,000. (iv) Sold goods for cash 2,40,000 costing 31,20,000.
• 2 Prove that accounting equation is satisfied in all the foilowing transactions of Swati Goyal. (1) Started business with cash 3,00,000. (ii) Paid rent in advance 9,000.(iii) Purchased goods for cash 1,50,000 and credit 60,000. (iv) Sold goods for cash 2,40,000 costing 31,20,000.(v) Paid salary in cash 13,500 and salary outstanding 3,000.
• 2 Prove that accounting equation is satisfied in all the foilowing transactions of Swati Goyal. (1) Started business with cash 3,00,000. (ii) Paid rent in advance 9,000.(iii) Purchased goods for cash 1,50,000 and credit 60,000. (iv) Sold goods for cash 2,40,000 costing 31,20,000.(v) Paid salary in cash 13,500 and salary outstanding 3,000. (vi) Bought motor cycle for personal use 790,000.

Explanation:

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Answer 2

Answer:

(i) Started business with cash Rs. 10,000. (ii) Paid rent in Advance Rs. 300. (iii) Purchased goods for cash Rs. 5,000 and credit Rs. 2,000. (iv) Sold goods for cash Rs. 8,000 costing Rs. 4,000. (v) Paid salary Rs. 450 and salary outstanding being Rs.100.Read more on Sarthaks.com - https://www.sarthaks.com/473641/prove-that-the-accounting-equation-satisfied-all-the-following-transactions-sameer-goel

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