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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