 1 ST Example:  Show the effect of the following transactions with the help of equation. 1.Sami Started a business with capital of afs Purchased building for cash afs Purchased stationery for office for cash afs Paid telephone bill afs.200

 Ali started a business with cash 50000afs  Purchased merchandise for cash 9000afs  Purchased office furniture for cash 2000afs  Paid carriage on purchases of furniture 500afs  Purchased merchandise from Naqeeb for 2000afs on credit basis.  Sold merchandise for cash 5000afs  Paid cash to Naqeeb 2000afs  Paid salaries for the month 2500afs

1.Ahmed started a business with cash afs 2.Purchased merchandise for cash Paid carriage on purchase of merchandise 1000 afs 4.Sold merchandises for cash afs 4000 costing afs Paid salaries for the month Paid office rent afs 1500