Question: Question # 2 2005 March 01 Shakeel started business with cash Rs. 100,000 2005 March 05 Purchased goods for cash for Rs. 20,000. 2005 March

Question # 2 2005 March 01 Shakeel started business with cash Rs. 100,000 2005 March 05 Purchased goods for cash for Rs. 20,000. 2005 March 06 Purchased goods on account Re. 10,000 from Ali. 2005 March 10 Purchased Furniture for cash Rs. 8,000. 2005 March 12 Sold goods for cash Rs. 24,000. 2005 March 14 Sold goods on account Rs. 12,000 to Aslam. 2005 March 25 Ali account settled receiving Rs. 300/- as discount. 2005 March 26 Aslam account settled allowing Rs. 400/- as discount. Record the above transactions in the Journal

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