GENERAL JOURNAL:
On August 01. 2020, Mr. Bilal Ali Shah started a business with the name of
Bilal Traders by inventing cash Rs. 170,000 and furniture worth Rs. 50,000.
Aug 04: Purchased merchandise costing Rs. 80,000 out of which Rs. 20,000
paid in cash and the balance will pay later.
Aug 10: Sold merchandise for Rs. 90,000 out of which 20% were sold for cash
and the balance on credit.
Aug 18: Paid cash to supplier Rs 20,000 as part payment.
Aug 23: Mr. Bilal withdrew cash Rs. 15,000 and merchandise
Rs. 5,000
for personal use.
Aug 31: Paid Salaries to employee Rs. 10.000 in cast
REQUIRED: Record the above transactions in a standard form of General