Question

Prove that Accounting Equation is satisfied in all of the following transactions of 4 Mr AJAY i) Started Business with Cash Rs 100000, Machinery Rs 500000, stock Rs 60000 ii) Sold goods for Cash Rs 80000 Costing Rs 40000 ii) Paid Salary in Cash Rs 4500 and Outstanding salary Rs 1000. I've ) Purchased Furniture for office use Rs 6000 for household use of Mr. X Rs 4000 .​

Answer 1

Answer:

12 Prove that the Accounting Equation is satisfied in all the following transactions of Sameer Goel: (i) Started business with cash ₹ 10,000. (ii) Paid rent in advance ₹ 300. (iii) Purchased goods for cash ₹ 5,000 and credit ₹ 2,000.