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Enter transactions in journal and post

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Question 1: Enter the following transactions in journal and post them into the ledger and then post them into Trail Balance.

Jan. i. Mr. Anwar started business with cash Rs 40,000 and furniture Rs. 10,000.

ii. Purchased goods on credit (on account) worth Rs. 15,000 from Ahsan.

iii. Sold goods for cash Rs. 8,000.

iv. Sold goods on credit to Shakeel Rs. 5,000.

v. Cash received from Shakeel Rs. 4,900 in full settlement of his account.

Reference no: EM132600713

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