Prove that the accounting equation is satisfied in all the following transactions of Sita
Ram house by preparing the analysis table. Also record the transactions in Journal.
(i) Business commenced with a capital of ? 6,00,000.
(ii) ? 4,500,000 deposited in a bank account.
(iii) ? 2,30,000 Plant and Machinery Purchased by Paying ? 30,000 cash immediately.
(iv) Purchased goods worth ? 40,000 for cash and ? 45,000 on account.
(v) ? 1Paid a cheque of ? 2,00,000 to the supplier for Plant and machinery.
(vi) ? 70,000 cash sales (of goods costing ? 50,000).
(vii) ? 1Withdrawn by the proprietor ? 35,000 cash for personal use.
(ix) Salary of ? 5,500 outstanding.
(x) Furniture of ? 30,000 purchased in cash.