The following are the transactions of Kumaran, dealing in stationery items. Prepare ledger accounts. 2017
June 5 Started business with cash ` 2,00,000
8 Opened bank account by depositing ` 80,000
12 Bought goods on credit from Sri Ram for ` 30,000
15 Sold goods on credit to Selva for ` 10,000
22 Goods sold for cash ` 15,000
25 Paid Sri Ram ` 30,000 through NEFT
28 Received a cheque from Selva and deposited the same in bank ` 10,000