Journalise the following transactions: Raj started his business Raj and Co. with Rs 50,000 from his own funds. Raj purchased machinery and accessories for Rs 10,000. He purchased goods for cash Rs 5,000. He purchased goods on credit Rs 10,0000. Rent paid Rs 2,000. Raj sold goods costing Rs 10,000 for Rs 12,000. Goods costing Rs 3,000 was sold on credit for Rs 8,000. Raj withdraws Rs 2,000 cash for his personal use. Machinery was to be depreciated by Rs 1,000.
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