E 3.

Jan 15: Not to be recognized and recorded.

Feb 2: Not to be recognized and recorded.
Mar 29: To be recognized and recorded.
June 10: To be recognized and recorded.
July 6: To be recognized and recorded.

E 3.2
a
The asset bank increased – Increase in asset is recorded by debits; debit bank, Rs. 30,000.
The capital Yasir’s Equity increases – Increase in capital is recorded by credit; credit Yasir’s Capital, Rs.
30,000.
b
The asset furniture increased – Increase in asset is recorded by debits; debit furniture, Rs. 15,000.
The asset bank decreased – Decrease in asset is recorded by credit; credit bank, Rs. 15,000.
c
The asset advance rent increased – Increase in asset is recorded by debits; debit advance rent, Rs. 6,000.
The asset bank decreased – Decrease in asset is recorded by credit; credit bank, Rs. 6,000.
d
The asset supplies increased – Increase in asset is recorded by debits; debit Supplies, Rs. 2,600.
The liability creditor increased – Increase in liability is recorded by credit; credit creditors, Rs. 2,600.
e
The asset cash increased – Increase in asset is recorded by debit; debit cash Rs. 1,500.
The revenue cash increased – Increase in revenue is recorded in credit; credit cash Rs. 1,500.
f
The liability creditor decreased – Decrease in liability is recorded by debit; debit creditor Rs. 2,600.
The asset bank decreased – Decrease in asset is recorded by credit; credit bank, Rs. 2,600.
g
The expense electricity bill increased – Increase in expense is recorded by debit, debit electricity bill Rs.
1,360.
The asset bank decreased – Decrease in asset is recorded by credit; credit bank, Rs. 1,360.
h
The expense drawings increased – Increase in expense is recorded by debit, debit drawings Rs. 500.
The asset bank decreased – Decrease in asset is recorded by credit; credit bank, Rs. 500.