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. Sales to ghanshyam Rs. 5,600 but amount not yet received

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

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

11. Mr. Ghanshyam paid through a bill receivable.

12. Rent due but not paid Rs. 2000

13. Salaries outstanding Rs. 15,000

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

15. The bill is met on the due date.