sno: Date
Business commenced with a capital contribution of ₹1,00,000 in cash
Goods purchased for cash amounting to ₹20,000.
Furniture acquired on credit from M/s Wood World valued at ₹10,000.
Goods sold for cash totaling ₹15,000.
Credit sales made to Mr. Ram for ₹12,000.
Salaries disbursed to employees amounting to ₹5,000.
Commission income received in cash ₹2,000.
Office rent paid in cash amounting to ₹3,000.
Cash received from Mr. Ram in part settlement of his account ₹10,00
Proprietor withdrew ₹2,500 in cash for personal use (drawings).
ution of ₹1,00,000 in cash.
World valued at ₹10,000.
to ₹5,000.
ent of his account ₹10,000.
nal use (drawings).
JOURNAL ENTRY
Date Particulars L.F.
Sep-02 Cash A/c Dr.
To Capital A/c
(stated business with cash)
Sep-03 Purchases A/c Dr.
To Cash A/c
( Goods purchased with cash)
Sep-04 Furniture A/c Dr.
To M/s Wood World A/c
(Being furniture purchased on
credit)
Sep-05 Cash A/c Dr.
To Sales A/c
(Being goods sold for cash)
Sep-06 Mr. Ram A/c Dr.
To Sales A/c
(Being credit sales made to Mr.
Ram)
Sep-07 Salaries A/c Dr.
To Cash A/c
(Being salaries paid)
Sep-08 Cash A/c Dr.
To Commission Income A/c
(Being commission income
received)
Sep-09 Rent A/c Dr.
To Cash A/c
(Being office rent paid)
Sep-10 Cash A/c Dr.
To Mr. Ram A/c
(Being cash received from Mr.
Ram)
Sep-11 Drawings A/c Dr.
To Cash A/c
(Being drawings by proprietor)
L ENTRY
Debit (₹) Credit (₹)
100,000
100,000
20,000
20,000
10,000
10,000
15,000
15,000
12,000
12,000
5,000
5,000
2,000
2,000
3,000
3,000
10,000
10,000
2,500
2,500
LEDGAR A/C
Date Particulars Amount Date
To Capital A/c 100,000
To Sales A/c 15,000
To Commission
2,000
Income A/c
To Mr. Ram A/c 10,000
127,000
🔹 2. Capital A/c
Date Particulars Amount Date
To balance c/d 100,000
100,000
🔹 3. Purchases A/c
Date Particulars Amount Date
To Cash A/c 20,000
to balance c/d 20,000
🔹 4. Furniture A/c
Date Particulars Amount Date
To M/s Wood 10,000
To balance c/d 10,000
🔹 5. M/s Wood World A/c
Date Particulars Amount Date
To balance c/d 10,000
10,000
🔹 6. Sales A/c
Date Particulars Amount Date
By balance c/d 270,000
270,000
🔹 7. Mr. Ram A/c
Date Particulars Amount Date
To Sales A/c 12,000
🔹 8. Salaries A/c
Date Particulars Amount Date
To Cash A/c 5,000
To balance c/d 5,000
🔹 9. Commission Income A/c
Date Particulars Amount Date
To balance c/d 2,000
2,000
🔹 10. Rent A/c
Date Particulars Amount Date
To Cash A/c 3,000
3,000
🔹 11. Drawings A/c
Date Particulars Amount Date
To Cash A/c 2,500
To balance c/d 2,500
2,500
BAD DEBTS ACCOUNT
Date Particulars Amount Date
To Ram A/c 2,000
To balance b/d 2,000
2,000
LEDGAR A/C
Particulars Amount
By Purchases A/c 20,000
By Salaries A/c 5,000
By Rent A/c 3,000
By Drawings A/c 2,500
By Balance b/d 96,500
127,000
Particulars Amount
By Cash A/c 100,000
By balance b/d 100,000
Particulars Amount
By balance b/d 20,000
20,000
Particulars Amount
By balance b/d 10,000
10,000
Particulars Amount
By Furniture A/c 10,000
By balance b/d 10,000
Particulars Amount
By Cash A/c 15,000
By Mr. Ram A/c 12,000
By balance b/d 27,000
Particulars Amount
By Cash A/c 10,000
Particulars Amount
By bakance b/d 5,000
5,000
Particulars Amount
By Cash A/c 2,000
By bakance b/d 2,000
Particulars Amount
By balance b/d 3,000
Particulars Amount
By balance b/d 2,500
2,500
Particulars Amount
By balance c/d 2,000
2,000
Particulare
Cash
Furniture
Purchases
Sales
Capital
Salaries
Commission Income
Rent Expense
Drawings
Mr. Ram (Debtors)
Wood World
TRAIL BALANCE
Debit (₹) Credit (₹)
96,500
10,000
20,000
27,000
100,000
5,000
2,000
3,000
2,500
2,000
10,000
139,000 139,000
TRADING ACCOUNT
PARTICULARS AMOUNT AMOUNT
To Purchases ₹ 20,000.00
To Gross profit ₹ 7,000.00
₹ 27,000.00
PROFIT AND LOSS ACCOUNT
PARTICULARS AMOUNT AMOUNT
To salaries ₹ 5,000.00
To Rent ₹ 3,000.00
To Baddebts ₹ 2,000.00
₹ 10,000.00
BALANCE SHEET
PARTICULARS AMOUNT AMOUNT
capital ₹ 100,000.00
less:Drawings ₹ 2,500.00
₹ 97,500.00
less:Net loss ₹ 1,000.00
₹ 96,500.00
Creditors ₹ 10,000.00
₹ 106,500.00
PARTICULARS AMOUNT AMOUNT
By Sales ₹ 27,000.00
₹ 27,000.00
ACCOUNT
PARTICULARS AMOUNT AMOUNT
By Gross profit b/d ₹ 7,000.00
By Commission ₹ 2,000.00
By Net loss ₹ 1,000.00
₹ 10,000.00
PARTICULARS AMOUNT AMOUNT
Cash ₹ 96,500.00
Furniture ₹ 10,000.00
₹ 106,500.00
