Question 04 Following transactions took place in Ms.Asha's business, during the month of January 2024. 1)...

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Question 04 Following transactions took place in Ms.Asha's business, during the month of January 2024. 1) The owner invested money to the business Rs. 800,000 2) The business bought a machine worth Rs.35,000 in cash. 3) 4) 5) 6) The business deposited Rs.30,000 in the bank and opened a bank current account. The business purchased inventory worth of Rs.50,000 from Mr.Shyam. Inventory worth Rs.5,000 were returned to Mr. Shyam due to poor quality. The business purchased inventory worth Rs.100,000 in cash. 7) Sold inventory worth Rs.40,000 for Rs.60,000 on credit. 8) 9) 10) Received cash from debtors Rs.35,000. Paid money to Mr. Shyam Rs. 20,000. Paid staff salaries Rs.45,000. 11) Received investment income Rs.10,000. 12) 13) 14) 15) Paid water bill Rs.6,000. Ms. Asha withdrew Rs.5,000 from the bank account for personal use. Inventory worth of Rs.3,000 has been lost due to a fire. Received building rent Rs.5,000 You are required to; (a) Record each transaction into the basic accounting equation. State whether it is an increase (+) or a decrease (-). (b) Record the above transactions in the ledger accounts of Ms.Asha's Business and prepare the Trial Balance as at 31" January 2024. Question 04 Following transactions took place in Ms.Asha's business, during the month of January 2024. 1) The owner invested money to the business Rs. 800,000 2) The business bought a machine worth Rs.35,000 in cash. 3) 4) 5) 6) The business deposited Rs.30,000 in the bank and opened a bank current account. The business purchased inventory worth of Rs.50,000 from Mr.Shyam. Inventory worth Rs.5,000 were returned to Mr. Shyam due to poor quality. The business purchased inventory worth Rs.100,000 in cash. 7) Sold inventory worth Rs.40,000 for Rs.60,000 on credit. 8) 9) 10) Received cash from debtors Rs.35,000. Paid money to Mr. Shyam Rs. 20,000. Paid staff salaries Rs.45,000. 11) Received investment income Rs.10,000. 12) 13) 14) 15) Paid water bill Rs.6,000. Ms. Asha withdrew Rs.5,000 from the bank account for personal use. Inventory worth of Rs.3,000 has been lost due to a fire. Received building rent Rs.5,000 You are required to; (a) Record each transaction into the basic accounting equation. State whether it is an increase (+) or a decrease (-). (b) Record the above transactions in the ledger accounts of Ms.Asha's Business and prepare the Trial Balance as at 31" January 2024.