Prepare Accounting Equations, Journal, Ledgers and Trial Balance

1. Mr. Haris started business with Cash Rs. 1,00,000, Bank Rs. 50,000. he brought him Leasehold Premises Rs. 1,80,000 and Machinery Rs. 2,70,000

2. Purchased from Bhoi & Sons goods worth Rs. 20,000 [ 80 units] on credit.

3. Paid interest on capital 12% and Harish withdrew the amount from the business.

4. Sold goods to Ram & Sons for credit, 50 units @ Rs. 1500 per unit.

5. Paid rent Rs. 4,500.

6. Purchased 4 live stock Rs. 20,000.

7. Depreciation on machinery Rs. 5,000.