Prepare Accounting Equations, Journal, Ledgers and TrialBalance
1. Mr. Haris started business with Cash Rs. 1,00,000, Bank Rs.50,000.
2. He purchased Leasehold Premises â Rs. 1,80,000 and Machineryâ Rs. 2,70,000
3. Purchased from Bhoi & Sons goods worth Rs. 20,000 [ 80units] through cheque at a TD of Rs. 5 per unit.
4. Sold some goods to Ram & Sons for credit, 50 units @ Rs.1500 per unit at 12 Rs. per unitTD and Rs. 5 per unit as CD
5. Sold remaining goods for Rs. 50,000 and received the moneythorough cheque.
6. Paid rent â Rs. 4,500.
7. Paid for general expenses Rs. 1,500
8. Purchased office Stationary Rs. 2,000 through cheque.
9. Purchased a motor van for the business â Rs. 2,00,000.installation of the machinery Rs. 5,000
10. Depreciation on machinery â Rs. 5,000.
11. Loan taken for Rs. 50,000.
Prepare Accounting Equations, Journal, Ledgers and TrialBalance
1. Mr. Haris started business with Cash Rs. 1,00,000, Bank Rs.50,000.
2. He purchased Leasehold Premises â Rs. 1,80,000 and Machineryâ Rs. 2,70,000
3. Purchased from Bhoi & Sons goods worth Rs. 20,000 [ 80units] through cheque at a TD of Rs. 5 per unit.
4. Sold some goods to Ram & Sons for credit, 50 units @ Rs.1500 per unit at 12 Rs. per unitTD and Rs. 5 per unit as CD
5. Sold remaining goods for Rs. 50,000 and received the moneythorough cheque.
6. Paid rent â Rs. 4,500.
7. Paid for general expenses Rs. 1,500
8. Purchased office Stationary Rs. 2,000 through cheque.
9. Purchased a motor van for the business â Rs. 2,00,000.installation of the machinery Rs. 5,000
10. Depreciation on machinery â Rs. 5,000.
11. Loan taken for Rs. 50,000.
