Prove that the accounting equation is satisfied in all the following transactions of Suhail by preparing the analysis table and a Balance sheet.
(i) Business commenced with a capital of `6,00,000, Furniture `60,000 and
Creditors `1,00,000
(ii) `4,50,000 deposited in a bank account.
(ii) `2,30,000 Plant and Machinery Purchased by paying `
30,000 cash immediately and balance on credit.
(iii) Purchased goods worth `40,000 for cash and `45,000 on
account.
(v) Paid a cheque of `2,00,000 to the supplier for Plant and Machinery.
(vi) `70,000 cash sales (of goods costing `50,000).
(vii) Withdrawn by the proprietor `35,000 cash for personal use.
(viii) Insurance paid by cheque of `2,500.