Blog: MGT101 Assignment01 Complete Solution Spring 2013

Date	Accounts Involved	Debit Rs.	Credit Rs.	Applied rule of Debit and Credit With respect to the nature of account
2013 March 01	Bank Capital	900,000	900,000	Increase in asset a/c Increase in owner equity a/c
March 01	Rent Bank	90,000	90,000	Increase in asset a/c Decrease in asset a/c
March 01	Equipment Cash Amar Rental	280,000	170,000 110,000	Increase in asset a/c Decrease in asset a/c Increase in liability a/c
March 04	Office Supply Office Supply Ashraf & Co.	5,000 50,000	55,000	Increase in asset a/c Increase in asset a/c Increase in liability a/c
March 08	Cash Rent Received	10,000	10,000	Increase in asset a/c Increase in income a/c
March 10	M/S ABC Rent	5,000	5,000	Increase in asset a/c Increase in income a/c
March 17	Maintenance Cash	3,400	3,400	Increase in expense a/c Decrease in asset a/c
March 27	Bank Bank	150	150	Increase in expense a/c Decrease in asset a/c
March 30	Bank M/S ABC	10,000	10,000	Increase in asset a/c Decrease in asset a/c
March 31	Salary Cash	3,600	3,600	Increase in expense a/c Decrease in asset a/c