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Carefully analyze the Journal of Rashid and company and answer the questions below: Date Particulars L.FAmount(Debit) Amount( 1.3.2021Dr Cash 320,000 A/C 320,000 Cr Capital A/C
Carefully analyze the Journal of Rashid and company and answer the questions below: Date Particulars L.FAmount(Debit) Amount( 1.3.2021Dr Cash 320,000 A/C 320,000 Cr Capital A/C 64,000 5.3.2021Dr Equipment A/c 64,000 Cr Cash A/C 48,000 7.3.2021Dr Purchases A/c 48,000 Cr Cash A/C 1. How many ledger accounts Rashid and company has to open for the above transactions? (1 Mark) 4. What will be the balance b/d for capital account? (1 Mark) 2. What are the names of all ledger accounts Rashid and company will open for the above transactions? (1 Mark) 5. What will be the balance b/d for purchases account? (1 Mark) 3. What will be the balance b/d for cash account? (1 Mari
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