25. Prove that the accounting equation is satisfied in the following transactions
| ₹ | ||
|---|---|---|
| (a) | Brij Mohan commenced business with Cash | 1,00,000 |
| (b) | Bought goods for Cash | 60,000 |
| (c) | 1/3rd of the above goods sold at a profit of 20% on cost. Half the payment received in Cash | |
| (d) | Purchased typewriter for office use | 15,000 |
| (e) | Purchased goods on Credit from X | 25,000 |
| (f) | Paid to X | 15,000 |
| (g) | Paid Salary | 3,000 |
| (h) | Received commission | 500 |
| (i) | Sold goods for Cash (Cost ₹50,000) | 60,000 |
D.K.Goel/2024 Edition/Practical Questions/Q-25
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company