Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mr. Zillu Ahamed is a doctor. He started business on January 1, 2020 with cash Tk.1, 00,000 and Furniture Tk.50, 000. During this month he

Mr. Zillu Ahamed is a doctor. He started business on January 1, 2020 with cash Tk.1, 00,000 and Furniture Tk.50, 000. During this month he made the following transactions: January 04.

He opened a Bank Account with Rupali Bank Tk. 60,000

Medical equipment purchased for Tk.10, 000

Advance Cheque received from a customer Tk.8, 000 17. A motor cycle bought for office use Tk.20, 000

Withdraw from Bank for personal needs Tk.3, 000 25.

Received tk.80, 000 for treating patients during January. 30.

Rent paid for office Tk.6, 000

1. Calculate the amount of owner's equity of Mr. Zillu Ahmed at the end of the period.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting

Authors: Mark Lee Inman

1st Edition

0434908304, 9780434908301

More Books

Students also viewed these Accounting questions