1. Rbve Avexi started a business called WMW Trading on January 1, 2013. Various transactions were recorded throughout the month including an initial investment of BDT 40,000, purchases, sales, and expenses.
2. Accounting entries were made for each transaction in the journal and posted to the relevant ledger accounts. Multiple ledger accounts were maintained including Cash, Purchases, Sales, Expenses etc.
3. At the end of the month, the balances in all the ledger accounts were totaled to check the accounting equation that the total debits must equal the total credits.