Q.6 Prove that accounting equation is satisfied in all the following transactions
Alibaba-
(i) Started business with cash Rs. 3, 00,000.
(i) Paid rent Rs. 9,000.
(ii) Purchased goods on credit Rs. 40,000.
(iv) Purchased furniture for cash Rs. 50,000.
(v) Paid salary in cash Rs. 13,000.
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Show the Accounting Equation for the following transactions: ... (iv) Rent paid ₹ 1,000 and rent outstanding ₹ 200 ... (ii). Purchased goods for Cash Rs 5,000 and on credit Rs 2,000.
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