Prove that accounting equation is satisfied in all the following cases : (a) Commenced business ...

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.

Commencement Of Business