Computer Zone

a project of Student-Care Centre

Q:01 Put the following Transaction into Accounting Equation.

i) Mr. Ali initiated his business with cash investment of 100,000
ii) He borrowed 50,000 to purchase a building.
iii) He purchased building of rupees 75,000 on cash.
iv) Purchased merchandise of rupees 80,000 in 30,000 cash and rest amount was on credit.
v) Sold merchandise to DK & Sons of rupees 35000.
vi) Received half payment from DK & Sons.
vii) Sold Merchandise of 10,00.
viii) Paid Utility bill of rupees 500.
ix) opened a ban account with 10,000 rupess.
x) withdraw amount from bank 4000.
Q:02 Make gernal Journal of the above transactions.

Computer Zone
a project of Student-Care Centre

Q:01 Put the following Transaction into Accounting Equation.

i) Mr. Ali initiated his business with cash investment of 100,000
ii) He borrowed 50,000 to purchase a building.
iii) He purchased building of rupees 75,000 on cash.
iv) Purchased merchandise of rupees 80,000 in 30,000 cash and rest amount was on credit.
v) Sold merchandise to DK & Sons of rupees 35000.
vi) Received half payment from DK & Sons.
vii) Sold Merchandise of 10,00.
viii) Paid Utility bill of rupees 500.
ix) opened a ban account with 10,000 rupess.
x) withdraw amount from bank 4000.
Q:02 Make gernal Journal of the above transactions.