Question

PROVE THAT THE ACCOUNTING EQUATION IS SATISFIED IN ALL THE FOLLOWING TRANSACTIONS OF M/S DAKSHAY LIMITED
1. STARTED BUSINESS WITH CASH ₹ 100,000
2. PAID RENT IN ADVANCE ₹ 3,000
3. PURCHASED GOODS FOR CASH ₹ 50,000 AND CREDIT ₹ 20,000
4- SOLD GOODS FOR CASH ₹80,000 COSTING ₹40,000
5- PAID SALARY ₹ 4500 AND SALARY OUTSTANDING BEING ₹ 1000
6- BOUGHT MOTOR CYCLE FOR PERSONAL USE ₹ 30,000​

Answer 1

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