Journalise the following transactions, post them into ledger and balance the accounts:

1 st April 2022 Ashok commenced business with cash Rs. 1,20,000

3 rd April 2022 Purchased furniture for cash Rs. 24,000

4 th April 2022 Purhased goods from Vijay Rs. 36,000

5 th April 2022 Sold goods Rs. 4,800

7 th April 2022 Paid rent Rs. 3,000

1. Journal Entry:

Debit: Cash (Asset) Rs. 1,20,000

Credit: Capital (Equity) Rs. 1,20,000

Explanation: Ashok has started a business and invested cash of Rs. 1,20,000 into it.

2. Journal Entry:

Debit: Furniture (Asset) Rs. _________ ____ ____ _____ _____ _____ ____ ___ _______ ____ __________ ________.
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