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On 1/1/2019 Ahmed started an accounting consultancy business by a 150,000 AED cash capital. purchased car at 35,000 cash Purchased stationary by 2500 AED cash.
- On 1/1/2019 Ahmed started an accounting consultancy business by a 150,000 AED cash capital.
- purchased car at 35,000 cash
- Purchased stationary by 2500 AED cash.
- Purchased office equipment by 9000 from Spring Stores on account.
- Withdrew 15,000 AED from his business for personal use.
- Purchased furniture by 12,000 from West Company on account.
- provided consultations to his customers and received 30,000 cash
- Paid the amount due to Spring Stores.
- Paid the utility bill (electricity & water) of 2000 AED .
10. Paid his office monthly rent of 3500 AED .
11. Paid the employee salary 5000 AED cash
Required : Using a tabular ;
Show the effect of the above transactions on the accounting equation.
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