5 Bank AG Journalise the following transaction in the books of Nagesh General Stores.10 July 2020 1 Started business with cash Rs. 1,00,000. Stock of Goods worth Rs. 50,000, and com- puter Rs. 50,000. 3 Purchased goods from Prachi on credit Rs. 10,000 at 5% trade discount. 5 Withdrawn from bank Rs. 20,000 for personal use. 10 Deposited cash in to Bank of India Rs. 50,000. 15 Sold goods to Radhika Rs. 25,000 on credit. 18 Paid Audit Fees Rs. 18,000 by cheque. 21 Purchased Furniture of Rs. 10,000 for cash. +30 Cheque received from Raclhika Rs. 8,000. d Importance of Leag finitions : of accounts. It is also called as book of final entry. It is summaldus Assets A/c, Liabilities A/c, Capital A/c, Revenue A/c,
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