Date

Jan-02

10

15

20

21

22

23

Date
1
Particulars
Cash a/c
Equity Capital
Owner invested Rs 50000 in the company
Furniture a/c
Cash a/c
Purchase furnitur
Purchase goods
Cash
Credit
Purchased goods worth Rs.1,00,000, paying Rs.15,000 in cash and balance payable after three months
Cash
Sales
Sold goods for cash worth Rs.25,000
Office rent
Cash
Paid rent for hiring office space Rs.5,000
Stationary
Cash
Purchased stationery worth Rs.2,500
cash
Sales
Sold goods on credit Rs.1,20,000
Cash
less
Settlement
Amount received from a customer Rs.19,500 in full settlement of his Owings of Rs.20,000.
Advertisement expenses
Cash
Advertisement expenses incurred Rs.2,500
Advance
Cash
Advance paid to a supplier Rs.10,000
Salary expense
Cash
Paid salary for the month Rs.20,000.
Total

Page 78 from Book..

Example entry

Particular
cash a/c
bank a/c
Stock Good a/c
Machinery a/c
Furniture a/c
Roy and co.
Sen and co.
TO loan to SBI
TO vishwant and co
To capital
Purchase account
To patel anc co a/c
Purchase goods on credit
cash a/c
Sales a/c
Sales of good to bose and co
Roy and co. a/c
Sales a/c
Sold Goods on credit
cash a/c
discount
To Roy and co.settlement
settlement with roy and
vISHWANATH and co
bank a/c
discount
Paid vishwanath and co with amount by cheque
cash a/c
Furniture a/c
Profit on sales of furniture
Sold funiture with profit
Purchase a/c
cash a/c
goods for cash
bank a/c
To sen & co.
Received Cheque from sen and co
Machinery a/c
cash a/c
Repairing machinery
Purchase a/c
Cartage
Cash a/c
TO vishwant and co
Purchase goods and paid cartage
bank a/c
discount
To Roy and co.
Received cheque from Roy and co after some discount
TO vishwant and co
bank a/c
Amount paid to vishwanath and co via cheque
Roy and co
bank a/c
Discount
Return of chque to roy and co withour being paid
cash a/c
Sales a/c
Sales to Dey and co.
bank a/c
cash a/c
Taxes
cash a/c
Paid taxes in cash
bank a/c
New age investment co
Advertisements
cash a/c
cash a/c
Sale newspaper a/c
Rent
bank a/c
Salry
cash a/c
Capital a/c
bank a/c
Debit Credit
50000
50000

20000
20000

100000
15000
85000

25000
25000

5000
5000

2500
2500

120000
120000

19500
500
20000

2500
2500

10000
10000

20000
20000

375000 375000

Debit Credit
500
8000
4000
20000
5000
2000
3000
10000
5000
27500
2000
2000

500
500

1000
1000

1900
100
2000

5000
4950
50

350
300
50

1000
1000

3000
3000

200
200

2000
100
100
2000

950
50
1000
 2000
2000

1000
950
50

2000
2000

1000
1000
100
100

20000
20000
500
500
50
50
500
500
500
500
500
500
88800 88800