(c) Paid office Q. No. 27. (Assets = Liabilities + Capital)
Prove that an accounting equation is satisfied in all the following transactions:
(a) Radha started a business with cash ? 50,000 and goods \( ? 10,000 \).
(b) Purchased goods for cash \( ? 10,000 \) and on credit \( ? 10,000 \).
(c) Goods costing \( ? 10,000 \) sold for \( ? 12,000 \) in cash.
(d) Introduced fresh capital ? 20,000 .
(e) Goods distributed as free gifts \( ? 1,000 \).
(f) Withdraw for personal use ? 2,000
(Ans.: Cash ? 70,000 ; Goods ? 9,000 ; Creditors ? 10,000 ;
