Record the following transactions in the journal books of Sejal:
2019
April 1 A business is commenced with introduction of cash of ₹ 1,20,000 receivables of ₹ 60,000, payables of ₹ 30,000 and stock of goods of ₹ 50,000.
4 Opened current account with Gujarat Bank by depositing ₹ 25,000.
9 Goods of ₹ 40,000; purchased from Karnal at 10 % trade discount and 8 % cash discount. Quarter amount paid by cheque of Gujarat Bank.
12 Goods of ₹ 1,000 destroyed by fire. It was fully insured.
