Journalise the following transactions of Mr. Prahlad and post them in the ledger and balanc the same.
1. Journalise the following transactions of Mr. Prahlad and post them in the ledger and balanc the same. 2013 February 1 Prahlad invested Rs.5, 00,000 cash in the business 3 Paid into Bank Rs. 60,000 5 Purchased building for Rs.2, 00,000 7 Purchased goods for Rs.50,000 10 Sold goods for Rs. 80,000 15 With drew cash from bank Rs.12, 000 25 Paid internet Rs.2, 000 30 Paid Salary Rs. 18,000
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Journalise the following transactions of Mr Ram for the year 2017,
Dec 1 Mr Ram commenced business with cash Rs.150000
2 Paid into
bank Rs.50,000
5 Purchased
good Rs.25,000
7 Cash sales Rs.
15,000
25 Paid rent Rs.
4000. -
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