The following transactions is extracted from the books of a trader. a. Started business with cash Rs 600,000, which was collected by issuing the shares Rs 100 each. b. Cash deposited into bank Rs…

The following transactions is extracted from the books of a trader. a. Started business with cash Rs 600,000, which was collected by issuing the shares Rs 100 each. b. Cash deposited into bank Rs 200,000 to open bank account. c. Purchase goods costing Rs 200,000 on credit from suppliers for which Rs 72,000 (Net of discount) was paid at the time of purchase to settle 40% of the account. d. A Plant and Machinery costing Rs 100,000 was purchase and payment made by cheque. e. A Plant and Machinery costing Rs 80,000 was purchase on credit. f. Sold goods for Rs 300,000 on credit to customers and received a cheques of Rs 81,000 (Net of discount) was to settle of sales 30% of the amount. g. Received cheque from customer Rs 135,000 after deduction of 10% discount. The received cheque was immediately deposited into the bank. h. Rs 25,000 was paid for electricity bill. i. Issue cheque to suppliers Rs 108,000 after deducting 10% discount. j. Paid wages Rs 20,000 and salary Rs 31,000 to office staff by issuing cheques. k. Rent paid Rs 28,000 for the period. l. Cash withdrawn from bank Rs 20,000 for office used. Additional information; ➢ Depreciation provided on Plant and Machinery Rs 36,000 ➢ Outstanding Salary Rs 5,000 and prepaid Rent Rs 4,000. ➢ Stock at the end Rs 25,000. Required: a) Journal entries b) Triple column Cash book c) Ledger Accounts of Plant & Machinery, Account Receivable and Account Payable. d) Financial statements by using Work Sheet (showing cost of goods sold) e) Cash flow statement by using Direct method [10+4+3+8+5]