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

Prove that the Accounting Equation is satisfied in all the following t

1.	Prove that the Accounting Equation is satisfied in all the following transactions of Sameer Goel:(i) Started business with cash ₹ 10,000.(ii) Paid rent in advance ₹ 300.(iii) Purchased goods for cash ₹ 5,000 and credit ₹ 2,000.(iv) Sold goods for cash ₹ 8,000 costing ₹ 4,000.(v) Paid salary ₹ 450 and salary outstanding being ₹ 100.(vi) Bought motorcycle for personal use ₹ 3,000.
Answer» Prove that the Accounting Equation is satisfied in all the following transactions of Sameer Goel: (i) Started business with cash ₹ 10,000. (ii) Paid rent in advance ₹ 300. (iii) Purchased goods for cash ₹ 5,000 and credit ₹ 2,000. (iv) Sold goods for cash ₹ 8,000 costing ₹ 4,000. (v) Paid salary ₹ 450 and salary outstanding being ₹ 100. (vi) Bought motorcycle for personal use ₹ 3,000.