Prepare Accounting Equations, Journal, Ledgers and Trial Balance

1. Mr. Haris started business with Cash Rs. 1,00,000, Bank Rs. 50,000.

2. He purchased Leasehold Premises Rs. 1,80,000 and Machinery Rs. 2,70,000

3. Purchased from Bhoi & Sons goods worth Rs. 20,000 [ 80 units] through cheque at a TD of Rs. 5 per unit.

4. Sold some goods to Ram & Sons for credit, 50 units @ Rs. 1500 per unit at 12 Rs. per unitTD and Rs. 5 per unit as CD

5. Sold remaining goods for Rs. 50,000 and received the money thorough cheque.

6. Paid rent Rs. 4,500.

7. Paid for general expenses Rs. 1,500

8. Purchased office Stationary Rs. 2,000 through cheque.

9. Purchased a motor van for the business Rs. 2,00,000. installation of the machinery Rs. 5,000

10. Depreciation on machinery Rs. 5,000.

11. Loan taken for Rs. 50,000.