Write up journal and post the following transactions to the ledger accounts and balance the accounts: 2019 jan 1 started business with cash rs 20,000 . Jan 5 purchased goods for cash rs 10,000 . Jan 8 sold goods to harendra rs 4,000. Jan 12 purchased furniture for cash rs 600. Jan 19 sold goods for cash rs 7,000. Jan 25 purchased goods from hari rs 9,000. Jan 28 Received cash from harendra rs 2,400 . Jan 31 paid hari in cash rs 3,000.
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Posting journal entries to general ledger accounts
Calculate the balance of an asset or expense account by subtracting the total credits from the total debits.
Calculate the balance of a liability or equity account by subtracting the total debits from the total credits
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