Question

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 33.3%. Half the payment received in cash.

4. Purchased furniture for office use 6,000 and for household use of Sudhir 4,000.​

Answer 1

Explanation:

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