Prepare an ACollect/Design/download and explain the source documents related to each of the following transactions. Also, explain the meaning of source documents.accounting Equation for the same along with Balance Sheet.

Explain the contents/elements of Accounting Equation.

Date Transactions Amount(in Rs)

Jan1 Started business with Cash: Rs 5,00,000

Stock: Rs 2,50000

Bank: Rs 30000

Jan2 Salary paid for the month of December, 2019 Rs. 5000

vide Salary Sheet No.29

Jan 4 Sold goods to Wahi & Co. on credit Rs4,500

Jan 5. Bought Furniture from Modern Furniture

for cash vide Cash Memo. No.1230 Rs 7500

Jan 7. Received cash from Wahi & Co. on account

vide cash Receipt no.520. and returned goods

worth Rs 2,000 Rs 2,500

Jan9 Purchased goods from M/s Eufora vide Bill No. 912 Rs 4,700

Jan10. Returned goods to M/s Eufora worth

Rs1200 vide Debit Note no.235 and paid the

balance in cash vide cash memo no.229 .

Jan11 Withdrew cash for personal use by

Cheque number 51003 Rs 22500

Jan13 Sold Old Typewriter for cash vide cash receipt No.314. Rs 500

Jan 15 Furniture purchased on credit vide Debit Note no. 278. Rs 4,000

Jan 18 Paid for Conveyance Rs 700

Jan 20 Sold goods to M/s Raj& Co for cash

vide Cash memo no. 230 Rs 8,500

Jan 22 Deposited cash in bank vide Payment Slip No. 344 Rs 3,500