Prepare Accounting Equations, Journal, Ledgers and Trial Balance

1. Murali started business with Cash Rs. 2,00,000 and Bank 5,00,000.

2. Loan taken from HDFC for Rs. 4,50,000.

3. Purchased Stock for Rs. 1,00,000 for cheque.

4. Sold the stock of 50,000 for Rs. 70,000. and as he paid in cash he got a discount Rs. 2,000.

5. Loss of stock due to fire of Rs. 10,000.

6. Insurance recovery of Rs. 8,500 received

7. Paid for charity Rs. 5,000.

8. Paid provident Fund to a retiring employee Rs. 10,000.

9. Salaries due not paid Rs. 20,000.

10. Income tax paid by Murali Rs. 5,050.