Following are the transactions of Kabir & Co for the month of October.
01. Mr. Kabir started his business with cash Rs. 500, 000.
02. Opened a bank account in HBL Rs. 25,000.
03. Purchased furniture Rs. 11,200.
04, Purchased merchandise from Model Ltd.ycs. 8,450
05. Cash sales ( cost price Rs. 2,100) at Rs. 2,540. :)
06. Purchased on cash Rs. 7,230. 11, Credit sales ( cost RS. 1480) to Wali Bhai at Rs.3,700.
11. Credit sales (cost Rs 1,480) to Wali Bai at Rs 1,700.
15. Paid to Model Ltd. by cheque Rs. 4,000.
18. Received from Wall bai Rs. 1,700.
22. Returned Merchandise to Model Ltd Rs. 150.
Required: Prepare the Accounting Equation for the above transactions.
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