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Prepare journal and Ledger for the following transactions Q. Journalize the transactions and post them in the Ledger and balance the accounts for April 2019.

Prepare journal and Ledger for the following transactions

Q. Journalize the transactions and post them in the Ledger and balance the accounts for April 2019. On 1st April 2019 Started business with cash in hand Rs. 8,000 and Cash at Bank 25,000. On 2nd April purchased goods worth Rs. 5,000 less 20% trade discount and 5% cash discount. On 3rd April- Bought Rs. 100 shares in Bharat Ltd @ Rs. 15 per share, brokerage paid Rs. 30. On 6th April- Withdraw from bank for private use Rs. 1,000. Subsequently on 8th April withdraw from bank for business purpose Rs. 5,000. On 11th April Paid to Ram Rs. 2000 and discount allowed by him Rs. 20. On 15th April Cash received from Aravind Rs. 3500 and discount allowed to him Rs. 40 On 25th April Paid for: Stationary 200 Rent 1000 Salary 2500

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