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Q. NO. 1 1. Ahmed started business with cash Rs. 25000 and furniture Rs. 20000 2. Purchase merchandise on credit form Jamil & Sons Rs.

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Q. NO. 1 1. Ahmed started business with cash Rs. 25000 and furniture Rs. 20000 2. Purchase merchandise on credit form Jamil & Sons Rs. 10000 3. Paid to Jamil & Sons Rs. 6000 4. Sold goods to Kamran Rs. 5000 on account. 5. Received cash from Kamran Rs. 3000 6. Ahmed invested additional cash into business Rs. 45000 7. Purchase office supplies for cash Rs. 4500 8. Cash deposited into bank Rs. 10000 9. Paid traveling expense Rs. 8000 10. Purchase equipment from Fine equipment Rs.25000 on credit. 11. Purchase goods for cash Rs. 45000 12. Sold goods for cash Rs. 10000 13. Paid to Fine Equipment Rs. 10000 14. Paid salary to staff Rs. 30000 15. Received commission Rs. 2000 Required: Prepare 1. Journal entries(narrations are not required) marks 7.5 Note: Proper column with good own handwritten submission will be accepted

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