Question

1. Mr. Arman deposited into bank Rs.50,000 to start a business2. Purchased office supplies worth Rs.20,000 on account3. Bought office equipment from B&Co. for Rs. 10000, paid to them Rs.3000 and promised to pay the balance after two months.4. Collected $10,000 from customer5. Purchase supplies for cash Rs. 40006. Purchased 2 units of computer with printer for Rs. 50,000, payable in 30 days.7. Bought furniture for Rs. 3200,paid to K&Co. Rs.1200 and promised to pay balance after one month8. Withdrew cash for personal use Rs. 30009. Sold some office supplies to client amount $5,000 who issued promissory note10. Received from Nasir Rs.5000
Required:
Prepare journal entries
Post to ledger accounts
Prepare a trial balance at July 31,20
Show the effect of above transactions on accounting equation.​

Answer 1

Answer:

it is too much big question make it short and ask line by line