Question

prove that the accounting equation is satisfied in all the following transactions of suresh. also prepare a balance sheet.
1. commenced business with cash rs 60, 000 .
2. paid rent in advance rs 500.
3. purchased goods for cash rs 30, 000 and credit rs 20, 000.
4. sold goods for cash rs 30, 000 costing rs 20,000 .
5. paid salary rs 500 and salary outstanding being rs 100.
6. bought motorcycle for personal use rs 5, 000.6 .​

Answer 1

Answer:

yes it is zero corruption

the trade charge is

69$

Explanation:

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