Date Transaction

July
1 1
1 2

2 3
5 4
15 5
20 6

27 7
28 8

31 9
31 10
31 11

Further information
Transactions Amount(in Rs)

Radhika brings in capital in cash 32,500,000

Opens an account with SBI and deposit cash 32,000,000
Gets term loan from DFC by way of a cheque and deposits the
same with SBI 47,500,000
Purchases plant and machinery. Issues cheue. 75,000,000
Purchases raw materials from a supplier on credit 5,000,000
Sells textiles to a customer on credit 6,000,000
Receives cheque in part payment from the customer. Deposits
with SBI. 4,500,000
Issues part payment cheque to supplier. 3,000,000

Issue cheques to administrative personnel towards month's salary 125,000

Pays cash to factory personnel towards month's wages 180,000
Issues cheque to herself for personal use. 200,000

As on 31st July, the firm has in its possession unconsumed raw

material inventory of Rs 5,00,000. There is no other inventory
lying as on that date.
 Basic Accouting Equatio

ASSETS

Date Transaction Cash in hand Cash at bank P&M Debtors

1-Jul Capital bought-in
1 Deposit with SBI
2 DFC Term Loan
5 Plant & Machinery
15 Raw Materials on credit
20 Credit Sales
27 Received from customer
28 Paid to supplier
31 Salaries
31 Wages
31 Drawings
31 Consumed Raw Material

Closing Raw Material - 500000

Consumed RM- 4500000

Total of Asset 0 0 0 0
Grand Total 0

Equation Asset =
0

0 =
asic Accouting Equation

= Outside Liability + Owner's Equity

Raw materials Brought-in Minus Plus

inventory Loans Creditors capital Drawings income

0 0 0 0 0 0
0 0

Outside Liabilities + Equity

0 0

0
Minus
expenses