Prove that the accounting equation is satisfied in all the following transactions of
Sudhir :-
1. Started business with Cash 50,000 and goods 20,000.
2. Bought goods for Cash 15,000 and on credit for 10,000.
3. Goods Costing *24,000 sold at a profit of 33 %. Half the payment received in
3
cash.
4. Purchased furniture for office use 6,000 and for household use of Sudhir
4,000.
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Started business with Cash 50,000 and goods 20,000
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