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Abdullah Assignment
Abdullah Assignment
Purchases 20000
Cash 20000
Cash 5000
Sales 5000
Purchases 10000
Account Payable 10000
Cash 500
Sales 500
Cash 165000
Capital 165000
Purchases 55000
Cash 35000
Account patable 20000
Drawings 1500
Cash 1500
Q.4
Answer
a. Asad made a note payable from bank for Rs.100000.
b. Made Purchases on Office Equipment on cash Rs 5000.
c. Asad returned cash to his partner from his business investment Rs.25000.
d. Asad has returned ofc. Equipment and paid all his credit to bank Rs 50000.
e. Asad has invested Rs. 200000 in business.