Question

Prove that Accounting Equation is satisfied in all the following cases:
a) Commenced business with Cash ` 50,000
b) Paid Rent ` 4,000 including ` 1,000 as advance
c) Bought goods for cash ` 30,000 and on credit ` 20,000.
d) Sold the goods bought on credit for ` 25,000
e) Purchased furniture worth ` 10,000 for office use and for ` 5,000 for domestic use.

( " ` " is ruppees)
ps please answer fast :)

Answer 1

Answer:

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Answer 2

Answer:

Cash Rs.26,000 + Prepaid Exp. Rs.1,000 + Stock Rs.30,000 + Furniture Rs.10,000 = Liabilities : Creditors Rs.20,000 + Capital Rs.47,000.

Explanation:

Another one I have written .