.Q22) Prove that accounting equation is …
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.Q22) Prove that accounting equation is satisfied in all the following cases:- (6)
(Prepare Balance Sheet also)
(i) Commenced business with cash Rs 50,000
(ii) Paid rent Rs 4,000 including Rs 1,000 as advance.
(iii) Bought goods for cash Rs 30,000 and on credit Rs 20,000.
(iv) Sold the goods bought on credit for Rs 25,000.
Purchased furniture worth Rs 10,000 for office use
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