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Zahid started business from 5000, purchased furniture with cash 10000, purchased merchandise from zia worth...

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Accounting

Zahid started business from 5000, purchased furniture with cash 10000, purchased merchandise from zia worth 10000 on account, sold merchandise 8000 on cash, costing 7500, zahid owner took merchandise worth 500 for personal use, paid cash to zia and receive discount @2% purchased merchandise worth 12000 from imran payin 2000 cash and the balance is payble. Sold merchandise to khalid 15000 receiving cash 5000 and balance on credit , purchased stationary 500 for office use paid electricity bill 200

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