Prove that the accounting equation is satisfied all the following transaction of Sudhir : -
1. Started business with Cash Rs. 50,000 and goods Rs.20,000.
2. Bought goods for Cash Rs.15,000 and on credit for Rs.10,000.
3. Goods Costing Rs.24,000 sold at a profit of `33 1/3%`. Half the payment received in cash.
4. Purchased furniture for office use Rs.6,000 and for household use of Sudhir Rs. 4,000.

Explanation