Question

ali has started his shop, during the first month following events have been taken place.
1) Mr Ali has started business with cash rs 100000
2) purchased goods for cash rs 1000 and credit Rs 5000
3) salaries paid Rs 2000
4) sold goods to meena costing Rs 4000 for Rs 5000 on cash
5) purchased furniture from M's Ravi on cash Rs 1000
6) paid to creditors Rs 2000.
7) received from meena Rs 3000
Required:
Analyze the transaction
B) show the effect on accounting equation
C) record the transaction to journal entries
D) post to the journal entries
E) prepare unadjusted trial balance​

Answer 1

Answer:

10000 is the best friend