SEVEN OAKS SCHOOL

(Affiliated to the Council for the Indian School Certificate Examinations, New Delhi, India)
332, Garhi Cantonment, Dehradun-248003 (UK), India
E-mail:sevenoaksschool@gmail.com|Phone:0135-2750882

Class X ICSE
Session 2024-25
Computer Project File

Submitted to
Submit By:
Ms. Gunjan Bhatnagar
Name:_______________________
HoD Computer Science Roll
No_______________________
 ACKNOWLEDGEMENT
I would like to express my heartfelt gratitude to all those who
have supported me in completing this Comprehensive project
for accounts for my Class XI-B ISC curriculum.
Firstly, I extend my sincere thanks to Ms.Madhuri
, my accounts teacher , for their invaluable guidance,
continuous encouragement, and insightful feedback
throughout the development of this project.

I would also like to thank my school, SEVEN OAKS

SCHOOL ,for providing the necessary resources and a
conducive environment for learning and development. A
special thanks to my classmates for their collaboration and
feedback.

Special thanks to my family for their unwavering support and

understanding, providing me with the necessary resources
and support.

Lastly, I would like to acknowledge the resources and

materials that I referred to, which played a significant role in
enhancing my understanding of Java programming.

Thank you all for your support and encouragement.

Name:: Devang Bhatnagar

Class::XI-B
 CERTIFICATE
This is to certify that Devang Bhatnagar of Class XI-B, Commerce , has
successfully completed the Accounts project as part of the curriculum for
Accounts during the academic year 2024-25.

This project has been completed under the guidance of Ms Madhuri,

Accounts teacher at Seven Oaks, Dehradun. The work done by Devang
Bhatnagar is original and demonstrates a good understanding of accounting
principles .

The project has been thoroughly evaluated and has met all the requirements
and objectives set out by the ISC board.

We wish Devang Bhatnagar all the best for future endeavors.

INDEX
S.N Topic Page Number Signatur
O e
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
Question: Comprehensive Journal Entry Exercise

You are tasked with preparing the journal entries for the following transactions for the month of March
2024 for Sharma Enterprises, a business dealing in wholesale goods. Record the following
transactions in the journal:

1. March 1: Ramesh Sharma started the business with cash ₹5,00,000 and goods worth
₹2,00,000.
 2. March 2: Deposited ₹3,00,000 into the bank account of Sharma Enterprises.
3. March 3: Purchased goods from Gupta Suppliers on credit for ₹1,20,000.
4. March 4: Paid ₹20,000 as office rent to Mehta Properties.
5. March 5: Sold goods worth ₹80,000 to Arvind Traders for cash.
6. March 6: Received ₹40,000 from Arvind Traders as part payment.
7. March 7: Paid ₹50,000 to Gupta Suppliers through cheque.
8. March 8: Purchased office equipment worth ₹1,00,000 from Verma Electronics, payment made
through the bank.
9. March 9: Paid ₹30,000 as salaries to employees.
10. March 10: Goods worth ₹10,000 were returned by Arvind Traders.
11. March 11: Purchased goods worth ₹50,000 in cash from Jain Wholesale.
12. March 12: Paid ₹5,000 for advertising expenses to Aggarwal Advertising Agency.
13. March 13: Sold goods worth ₹90,000 on credit to Priya Exports.
14. March 14: Paid ₹3,000 for electricity expenses to Delhi Electricity Board.
15. March 15: Received ₹60,000 from Priya Exports as part payment.
16. March 16: Paid ₹2,000 as insurance premium to Bajaj Allianz.
17. March 17: Returned goods worth ₹5,000 to Gupta Suppliers.
18. March 18: Ramesh Sharma withdrew ₹10,000 for personal use.
19. March 19: Issued a cheque of ₹15,000 to Gupta Suppliers in full settlement of their account.
20. March 20: Sold goods for cash worth ₹50,000 to Verma Traders.
21. March 21: Paid ₹4,000 for transport charges to Aggarwal Transport Services.
22. March 22: Purchased furniture worth ₹20,000 on credit from Kiran Furniture Mart.
23. March 23: Paid ₹1,000 as postage expenses to Indian Post Office.
24. March 24: Purchased goods worth ₹70,000 on credit from Roy Distributors.
25. March 25: Paid ₹8,000 for maintenance of office equipment to Akash Maintenance Services.
26. March 26: Goods worth ₹3,000 were returned by Priya Exports.
27. March 27: Received ₹50,000 as an advance from Sneha Industries for future sales.
28. March 28: Paid ₹18,000 as commission to Kunal Agencies.
29. March 29: Paid ₹5,000 for stationery to Neha Stationery Supplies.
30. March 30: Deposited ₹1,00,000 into the bank from cash on hand.

1. Journal Entries

Debit Credit
Date Particulars
(₹) (₹)

March 1 Cash A/c Dr. 5,00,00

 Debit Credit
Date Particulars
(₹) (₹)

2,00,00
Goods/Stock A/c Dr.
0

7,00,00
To Capital A/c
0

(Business started by Ramesh

Sharma)

3,00,00
March 2 Bank A/c Dr.
0

3,00,00
To Cash A/c
0

(Cash deposited into the bank)

1,20,00
March 3 Purchases A/c Dr.
0

1,20,00
To Gupta Suppliers A/c
0

(Goods purchased on credit)

March 4 Rent A/c Dr. 20,000

To Cash A/c 20,000

(Rent paid in cash to Mehta

Properties)

March 5 Cash A/c Dr. 80,000

To Sales A/c 80,000

(Goods sold for cash to Arvind

Traders)

March 6 Cash A/c Dr. 40,000

To Arvind Traders A/c 40,000

 Debit Credit
Date Particulars
(₹) (₹)

(Part payment received from Arvind

Traders)

March 7 Gupta Suppliers A/c Dr. 50,000

To Bank A/c 50,000

(Payment made to Gupta Suppliers)

1,00,00
March 8 Office Equipment A/c Dr.
0

1,00,00
To Bank A/c
0

(Purchased office equipment)

March 9 Salaries A/c Dr. 30,000

To Cash A/c 30,000

(Salaries paid in cash)

March
Sales Returns A/c Dr. 10,000
10

To Cash A/c 10,000

(Goods returned by Arvind Traders)

March
Purchases A/c Dr. 50,000
11

To Cash A/c 50,000

(Goods purchased in cash)

March
Advertising Expenses A/c Dr. 5,000
12

To Cash A/c 5,000

(Advertising expenses paid)

 Debit Credit
Date Particulars
(₹) (₹)

March Accounts Receivable: Priya Exports

90,000
13 Dr.

To Sales A/c 90,000

(Goods sold on credit)

March
Electricity Expenses A/c Dr. 3,000
14

To Cash A/c 3,000

(Electricity bill paid)

March
Cash A/c Dr. 60,000
15

To Priya Exports A/c 60,000

(Part payment received)

March
Insurance Premium A/c Dr. 2,000
16

To Cash A/c 2,000

(Insurance premium paid)

March
Gupta Suppliers A/c Dr. 5,000
17

To Purchases Returns A/c 5,000

(Goods returned to supplier)

March
Drawings A/c Dr. 10,000
18

To Cash A/c 10,000

(Cash withdrawn for personal use)

March
Gupta Suppliers A/c Dr. 15,000
19
 Debit Credit
Date Particulars
(₹) (₹)

To Bank A/c 15,000

(Final settlement made)

March
Cash A/c Dr. 50,000
20

To Sales A/c 50,000

(Goods sold for cash)

March
Transport Expenses A/c Dr. 4,000
21

To Cash A/c 4,000

(Transport expenses paid)

March
Furniture A/c Dr. 20,000
22

To Kiran Furniture Mart A/c 20,000

(Furniture purchased on credit)

March
Postage Expenses A/c Dr. 1,000
23

To Cash A/c 1,000

(Postage expenses paid)

March
Purchases A/c Dr. 70,000
24

To Roy Distributors A/c 70,000

(Goods purchased on credit)

March
Office Maintenance A/c Dr. 8,000
25

To Cash A/c 8,000

 Debit Credit
Date Particulars
(₹) (₹)

(Maintenance expenses paid)

March
Sales Returns A/c Dr. 3,000
26

To Priya Exports A/c 3,000

(Goods returned by Priya Exports)

March
Cash A/c Dr. 50,000
27

To Advances A/c 50,000

(Advance received from Sneha

Industries)

March
Commission Expenses A/c Dr. 18,000
28

To Cash A/c 18,000

(Commission paid to Kunal Agencies)

March
Stationery Expenses A/c Dr. 5,000
29

To Cash A/c 5,000

(Stationery purchased)

March 1,00,00
Bank A/c Dr.
30 0

1,00,00
To Cash A/c
0

(Cash deposited into the bank)

2. Ledger Accounts
1. Cash Account
Balance
Date Particulars Dr. (₹) Cr. (₹)
(₹)

5,00,00
March 1 Capital A/c 5,00,000
0

3,00,00
March 2 Bank A/c 2,00,000
0

March 5 Sales A/c 80,000 2,80,000

March 6 Arvind Traders A/c 40,000 3,20,000

March 9 Salaries A/c 30,000 2,90,000

March
Sales Returns A/c 10,000 2,80,000
10

March
Purchases A/c 50,000 2,30,000
11

March Advertising Expenses

5,000 2,25,000
12 A/c

March Electricity Expenses

3,000 2,22,000
14 A/c

March
Priya Exports A/c 60,000 2,82,000
15

March
Insurance Premium A/c 2,000 2,80,000
16

March
Drawings A/c 10,000 2,70,000
18

March
Sales A/c 50,000 3,20,000
20

March Transport Expenses

4,000 3,16,000
21 A/c

March
Postage Expenses A/c 1,000 3,15,000
23
 Balance
Date Particulars Dr. (₹) Cr. (₹)
(₹)

March
Office Maintenance A/c 8,000 3,07,000
25

March
Advances A/c 50,000 3,57,000
27

March Commission Expenses

18,000 3,39,000
28 A/c

March Stationery Expenses

5,000 3,34,000
29 A/c

March 1,00,00
Bank A/c 2,34,000
30 0

2. Capital Account
Particul Dr. Balance
Date Cr. (₹)
ars (₹) (₹)

March 7,00,00
Cash A/c 7,00,000
1 0

3. Purchases Account
Cr. Balance
Date Particulars Dr. (₹)
(₹) (₹)

1,20,00
March 3 Gupta Suppliers A/c 1,20,000
0

March
Cash A/c 50,000 1,70,000
11

March
Roy Distributors A/c 70,000 2,40,000
24

March Purchases Returns 5,00

2,35,000
17 A/c 0
4. Sales Account
Dr. Cr. Balance
Date Particulars
(₹) (₹) (₹)

80,00
March 5 Cash A/c 80,000
0

Priya Exports 90,00

March 13 1,70,000
A/c 0

50,00
March 20 Cash A/c 2,20,000
0

3. Trial Balance

Debit Credit
Account Name
(₹) (₹)
 Dr. Cr. Balance
Date Particulars
(₹) (₹) (₹)

2,34,00
Cash Account
0

4,00,00
Bank Account
0

2,35,00
Purchases Account
0

2,20,00
Sales Account
0

Salaries Account 30,000

Advertising Expenses
5,000
Account

Electricity Expenses
3,000
Account

Postage Expenses
1,000
Account

Furniture Account 20,000

Gupta Suppliers Account 70,000

Rent Account 20,000

Priya Exports Account 30,000

7,00,00
Capital Account
0

Drawings Account 10,000

Purchases Returns
5,000
Account