Mr. Ghani Talak chari Hyderabad Accounting Equation For the Month of January - HelpMeOutAlways

Saturday, April 27, 2019

Mr. Ghani Talak chari Hyderabad Accounting Equation For the Month of January


Given: 

2009 Following are the transactions of Mr. Ghani Talak chari Hyderabad, a sole trader during  January.
02.  Mr. Ghani started his business with a cash investment of Rs.25,0000.
04. Purchased merchandise on cash Rs.10,000.
07. Purchased merchandise from Kadar & Sons Rs. 11,500 on credit.
08. Sold merchandise on cash Rs. 5500.
10. Sold merchandise to Rais Rs. 7,350 on credit.
13. Cash deposited into a bank in the firm's account Rs: 20,000.
17. Received cash from Rais Rs. 3,850.
21.  Mr. Ghani withdrew cash Rs. 500 from a business for Private use.
26.  Paid to Kader & Sons Rs. 10,000 by cheque.

Required:
Prepare the Accounting Equation for the above transactions.
Mr. Ghani Talak chari Hyderabad Accounting Equation For the Month of January

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