10. Prove that the Accounting Equation is satisfied in all the following transactions of Suresh.
Also prepare a Balance Sheet.
| ₹ | ||
|---|---|---|
| (i) | Commenced business with cash | 60,000 |
| (ii) | Paid rent in advance | 500 |
| (iii) | Purchased goods for cash ₹30,000 and credit | 20,000 |
| (iv) | Sold goods for cash ₹30,000 costing | 20,000 |
| (v) | Paid salary ₹500 and salary outstanding being | 100 |
| (vi) | Bought motorcycle for personal use | 5,000 |
T.S.Grewal/2024 Edition/Practical Problems/Q-10
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.
