Prove that Accounting Equation is satisfied in all following transactions of Sameer Goel :
(i) Started business with Cash Rs. 1,00,000.
(ii) Paid rent in advance Rs.3,000.
(iii) Purchased goods for cash Rs.50,000 and Credit Rs. 20,000.
(iv) Sold goods for Cash Rs. 80,000 costing Rs. 40,000.
(v) Paid salary in cash in cash Rs. 4,500 and salary outstanding Rs. 1,000.
(vi) Bought motor cycle for personal use Rs. 30,000.

Prepare 'Accounting Equation' from the following : (a) Started business with cash Rs.1,00,000. (b) Purchased goods for cash Rs.20,000 and on credit Rs.30,000. (c ) Sold goods for cash costing Rs. 10,000 and on credit costing Rs. 15,000 both at a prodit of 20%.

Prove that accounting equation is satisfied in all the following cases : (a) Commenced business with cash Rs. 50,000. (b) Paid rent Rs.4,000 including Rs.1,000 as advance. (c ) Bought goods for cash Rs.30,000 and on credit Rs. 20,000. (d) Sold the goods bought on credit for Rs.25,000. (e) Purchased furniture worth Rs.10,000 for office use and for Rs.5,000 for domestic use.

Prepare Accounting Equation from the following : (a) Started business with Cash Rs. 2,00,000. (b) Purchased goods for Cash Rs. 60,000 and on Credit Rs. 1,50,000. (c ) Sold goods for Cash costing Rs. 40,000 at a profit of 20% and on Credit costing Rs. 72,000 at a profit of 25%. (d) Paid for Rent Rs. 5,000.

What will be the effect of the following on the Accounting Equation ? (i) Harish started business with cash Rs. 1,80,000. (ii) Purchased goods for cash Rs. 60,000 and on credit Rs. 30,000. (iii) Sold goods for cash Rs. 40,000 , costing Rs. 24,000. (iv) Rent paid Rs. 5,000, and rent outstanding Rs. 2,000. (v) Sold good on credit Rs. 50,000 (costing Rs. 38,000). (vi) Salary paid in advance Rs. 3,000.

Prepare accounting equation from the following : (a) Started business with cash Rs. 50,000 and goods Rs.30,000. (b) Purchased goods for cash Rs. 30,000 and on credit from Karan Rs. 20,000. (c ) Goods costing Rs.40,000 were sold for Rs. 55,000 for cash. (d) Withdrew cash for personal use Rs. 10,000. (e) Rent outstanding Rs.2,000.

Show the accounting equation on the basis of following transactions : (i) Commenced business with Cash Rs.20,000, Goods Rs. 50,000 and Furniture Rs. 30,000. (ii) Purchased goods from Gopal on Credit Rs.40,000. (iii)Sold goods for Cash Rs.40,000 (Costing Rs. 30,000). (iv) Sold goods to Ram on Credit Rs. 65,000 (Costing Rs. 50,000). (v) Withdrew for personal use goods costing Rs. 5,000. (vi) Purchased typewriter for personal use of the proprietor Rs. 20,000. (vii) Purchased chairs for office use for Cash Rs. 10,000. (viii) Paid for printing Rs. 500 and received Commission Rs.1,200. (ix) Introduced fresh Captial Rs. 40,000. (x) Paid to Gopal Rs. 30,000.