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Show that the accounting equation is satisfied after taking into consideration each of the following transactions in the books of Mr. N i. Started business
Show that the accounting equation is satisfied after taking into consideration each of the following transactions in the books of Mr. N i. Started business with capital 1,00,000 ii. Bought furniture 25,000 iii. Bought goods for cash 20,000 iv. Bought goods from Ram on Credit 5,000 v. Sold goods for cash for 15,000 vi. Sold goods to Shyam on credit 8,000 vii. Paid cash to Ram 4,000 viii. Received cash from Shyam 5,000 ix. Paid Cash into Bank 25,000 x. Withdrawn from bank 10,000
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