Question

Show that acco~nting equation is satisfied in the following cases : 1. Ram commenced business with cash f 50,000 and goods f 30,000. 2. Sold -40% goods at a profit of 25% to Mohan. 3. Paid salary 4,000 but f _ 1,000 still remains unpaid. 4. Paid insurance premium i 2,000 of which f 500 relates to next year. 5. Salary of- 1,000 is prepaid to an employee whose son is ill. 6_ Goods costing f 2,000 was distrib~ted as free sample_s and goods worth 3,000 was withdrawn by Ram for person use.

Answer 1

Answer:

I hope this will help you

Explanation:

I am sorry I have done some corrections here and there.