Ajit set up a shop on 1 st April 2009. He entered into the following transactions

during the month of April:

1 Ajit contributed capital of Rs. 10,000.00 to the business.

2 Purchased Computer for Cash Rs. 2000.00

5 Obtained a loan from Bank Rs. 10,000.00

13 Purchased stock for cash Rs. 3000.00

16 Purchased Stock on Credit from Ramesh Enterprises Rs. 2000.00

23 Cash sales Rs. 4000.00

29 Sold goods for Rs. 3000.00 on credit to Anand Company

Pass the necessary journal entries; prepare the ledger accounts, trial balance, profit &

loss a/c and balance sheet.