Question

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

Answer 1

Answer:

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