Prepare Accounting Equations, Journal, Ledgers and Trial Balance

1. Mr. Xavi started Business with Cash Rs. 1,00,000.

2. Purchased goods and paid through Bank Rs. 50,000

3. Purchased goods Rs. 40,000 from mahesh.

4. Purchased from Y goods worth Rs. 20,000 at a TD of 20%.

5. Wages paid Rs. 2,000.

6. Paid a bill to Y for 5 months for the goods purchased from him on credit

7. Mahesh was paid the amount due in full settlement after Rs. 200 as discount.

8. Sold goods worth Rs. Z at Rs. 45,000

9. Z paid 1/3 in cash and the remaining in through cheque.

10. Salaries paid for the month Rs. 10,000

11. Salaries outstanding for the month of Jan Rs. 1,000