BG REDDY TRADING INDIA PRIVATE LIMITED

Business trading in chairs

1) Chaitanya had purchased 5000 shares company at rs 10 on 1-4-2015 and amount transfer to
our HDFC Bank account no-10205
2) Santosh had purchased 5000 shares our company at rs 10 on 1-4-2015 and amount had given
by cash.
3) Chairs purchased for rs 50000 on credit from ganesh interiors credit period 10 days on 10-4-
2015
4) Transportation paid rs 1000 by cash
5) Office rent rs 10000 given by cheque on 12-04-2015
6) Chairs sold for rs 20000 on credit to rajesh credit period 10 days on 20-04-2015
7) Amount paid to ganesh interiors rs 30000 on 20-04-2015 by cheque.
8) Cheque received from rajesh rs 20000 on 30-04-2015
9) Amount paid for Tea&Biscuits rs 200 by cash on 30-04-2015.
10) Computer purchased on credit from Raj computer worth rs30000 on 30-04-2015.
11) Salaries paid in cash rs 30000 to Lakshmi on 10-02-2015.
12) Loan taken from sidhu rs 100000 by cheque on 10-06-2015 any no asset is changes for a period
of one year
13) Bank charges rs 500 debited by the bank Is our bank account on 10-06-2015.
14) Electricity bill paid rs 2000 in cash on 10-06-2015
15) Travelling expenses incurred by suresh rs 1000 and bill submitted on 20-06-2016.
16) Advance received from sri ram enterprises for supplying chairs rs 20000 on 30-06-2015 by
cheque.
17) Bank has sanctioned limit rs 500000 as cash credit on 13-07-2015
18) Rs 20000 cheque given to ganesh interiors out of cash credit account on 01-08-2015

NOTE : 1) Calculate the depreciation as applicable on 31-03-2016 as per acts

2) Provide interest on secured loans on 31-03-2016
3)Pass depreciation entry