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ING 3 . Record the following transactions in various accounts by applying the rules of debiting and crediting and make the totals of debit and

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ING 3 . Record the following transactions in various accounts by applying the rules of debiting and crediting and make the totals of debit and credit amounts. 1. Mr. Khurshid started business with Rs. 40,000. 2. Bought Office Furniture from B on credit for Rs. 4,000. 3. Bought Office Equipment of Rs. 2,000. 4. Bought Goods worth Rs. 10,000 for cash from X. 5. Sold Goods to Y for Cash Rs. 5,000. 6. Bought Goods from B on credit for Rs. 3,000. 7. Sold Goods on credit to Ali for Rs. 1,110. 8. Paid X Rs. 6,000 on account. 9. Received from Ali Rs. 850 on account. 10. Received interest from Y Rs. 500. 11. Paid salaries Rs. 1,750. 12. Paid Rs. 1,000 into Bank from Office Cash. Paid Office Rent, Rs. 900. 14. Paid for Office Stationery, Rs. 100. 15. Bought Office Stationery on credit from Alam' & Co. Rs. 150. 16. Received Interest on Investments, Rs. 400. 17. Paid Electric charges, Rs. 110. 13

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