Mgt101

Assignment no 1

Bc180405954

Afsa Murtaza

Khan’s Business

Accounting Equation

Assets = Owner’s Equity Liabilities

Profit/
Date Cash A/R Inventory Furniture = Khan’s Capital A/P B/P
(Loss)

2023
100000 200000 400000 800000 1300000 150000 50000
Balance b/d
July 02 -9000 +9000
July 04 +25000 -20000 +5000

July 08 +30000 -50000 -20000

July 12 +10000 +10000

July 20 +200000 -200000

July 25 -25000 +70000 +45000

July 28 +190000 -200000 -10000

July 30 -150000 -150000

Total 136000 225000 149000 870000 = 1150000 -25000 160000 95000