Business, 23.06.2021 08:10 phavion

Prove that Accounting Equation is satisfied the following transactions: (i) Commenced business with cash ₹785000, good ₹215000 and
Building ₹ 220000
(ii) Purchased goods for cash ₹64860
(iii) Purchased goods on credit ₹185500
(iv) Sold goods for cash ₹48500 (cost price ₹36700)
(v) Prepaid Insurance ₹9990
(vi) Open a bank account ₹25000
(vii) Sold goods on credit ₹72400 (cost price ₹62500)
(viii) Cash paid to creditors ₹82500
(ix) Outstanding wages ₹15400
(x) Cash received from debtors ₹11400
(xi) Rent received in advance ₹9880
(xii) Depreciation charged on Building ₹24400

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Prove that Accounting Equation is satisfied the following transactions: (i) Commenced business with...