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4. On 1st March 2005, the balances of M/S Aamir Bros. are as follows: Assets Liabilities Cash 60,000 Accounts Payable 45,000 Accounts Receivable 45,000 Capital

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4. On 1st March 2005, the balances of M/S Aamir Bros. are as follows: Assets Liabilities Cash 60,000 Accounts Payable 45,000 Accounts Receivable 45,000 Capital Merchandise Inventory 72,000 Furniture 90,000 Transactions during the month of March 2005. March: 04. Goods costing Rs. 18,000 are sold for Rs. 30,000 subject to 5 % trade discount. 10. Office supplies of Rs. 15,000 are purchased from Khurram Traders. 14. Half of the Accounts Payable on 1.3.2005 are paid. 22. Paid for stationery purchased Rs. 3,000. 24. Depreciation on furniture Rs. 4,500. 25. Rs. 21,000 received from accounts receivables. 28. Purchased goods for cash Rs. 15,000 subject to 5 % trade discount. 30. Paid Rent for the month Rs. 6,000. 4. On 1st March 2005, the balances of M/S Aamir Bros. are as follows: Assets Liabilities Cash 60,000 Accounts Payable 45,000 Accounts Receivable 45,000 Capital Merchandise Inventory 72,000 Furniture 90,000 Transactions during the month of March 2005. March: 04. Goods costing Rs. 18,000 are sold for Rs. 30,000 subject to 5 % trade discount. 10. Office supplies of Rs. 15,000 are purchased from Khurram Traders. 14. Half of the Accounts Payable on 1.3.2005 are paid. 22. Paid for stationery purchased Rs. 3,000. 24. Depreciation on furniture Rs. 4,500. 25. Rs. 21,000 received from accounts receivables. 28. Purchased goods for cash Rs. 15,000 subject to 5 % trade discount. 30. Paid Rent for the month Rs. 6,000

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