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(.2) GENERAL JOURNAL: The following transaction relating to Mr.BAIG & Co. for the month of April 2023. April 01. Mr.BAlG started his Business with an
(.2) GENERAL JOURNAL: The following transaction relating to Mr.BAIG \& Co. for the month of April 2023. April 01. Mr.BAlG started his Business with an Investment in Cash Rs. 40.000 . Building Rs. 100,000, Machinery Rs. 120,000 and Furniture Rs. 60,000. April 04. Purchase Merchandise from Fardeen Sons Rs.60,500 Paid Rs.20,000 on Cash, Rs. 10,500 by Cheque and Balance on Credit. April 06. Sold Merchandise to Kabeer Rs.75,000 Received Rs.25,000 on Cash, Rs. 35,000 by Cheque and Balance on Credit. April 12. Cash deposited into Bank Rs.35,000 April 15. Merchandise Returned to Fardeen Sons Rs.5,000 on credit. April 18. Merchandise Returned from Kabeer Rs.5,000 on credit. April 20. Cash sales Rs. 12,000 of which Rs.5,000 deposited into the Bank. April 23. Withdraw Cash Rs.5,000, Merchandise Rs. 10,000 and Furniture Rs.5,000 from the business for his personal use. April 25. Paid to Fardeen Sons Balance amount in Cash after Discount @ 20\% . April 30. Received from Kabeer Balance amount by Cheque after Discount REQUIRED: Prepare all General Entries in proper form, narration is not required. Q.3) GENERAL LEDGER \& TRIAL BALANCE: (10) REQUIN. TRIAL BALAIV Prepare TRIAL is not necessary
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