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Question

Prove that the accounting equation is satisfied in all the following transactions of Preeti Gupta.
(i) Started business with cash Rs. 10,000.
(ii) Paid rent in advance Rs. 300
(iii) Purchased goods for cash Rs. 5,000 and credit Rs. 2,000.
(iv) Sold goods for cash Rs. 8,000 costing Rs. 4,000.
(v) Paid salary Rs. 450 and salary outstanding being Rs. 100.
(vi) Bought motorcycle for personal use Rs. 3,000.

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