Exercise no.

: 1
M/S Anabalagan Pvt., Ltd.,
No.26, Appusamystreet,
T.Nagar, Chennai.
The follwing would be recorded in journal using double entry syste, do the posting process
frojm journal and prepare the trial balance, trading A/c , profit and loss a/c and balance sheet
in the books of M/S Anabalagan pvt ltd for the year 01.04.1995 to 31.03.1996
APR 1: He brings the closing balance of assets and liabilities from previous year.
Anabalagan capital 200000
Bank O/D 100000
Loan from Mr.Raju 150000
Reserve & Surplus 75000
Land and building 110000
Plant and machinery 125000
Investment 52000
Cash 40000
Indian bank 200000
Sundry creditors:
Mr.Srinivasan Bill Bill no : 141 Cr .Days: 15 Rs 5000
Date:15.03.95
Sundry Debtors
M/s Sonaria Pvt Bill Date: Bill no: 192 Cr. Days : 30 Rs. 3000
ltd 12.02.95

Transaction for the year 1995- 96

Apr 01 Anabalagan investing additional capital of Rs 500000 by cash
Apr 03 Bought goods for cash Rs.30000
Apr 04 Sold goods for cash Rs.25000
Apr05 Deposited in Indian bank Rs.200000
Apr06 Bought goods from Ravichandran Rs.15000 bill no 111 credit days : 30
Apr07 Sold goods to Mr. Narsimban Rs.20000 bill no 112 credit days : 45
Apr08 Paid cash to Mr.srinivasan Rs.5000 against the bill
Apr09 Narasimhan returned goods worth Rs.1000 against bill no 112
Apr10 Paid advertisement charges Rs.2000
Apr10 Paid insurance premium Rs.1000
Apr11 Returned goods to Ravichandran Rs.1500 against Bill no . 111
Apr11 Withdraw cash from bank Rs. 5000
Apr12 Received commission Rs.500
Apr13 Draw cash for personal use Rs.3000
Apr15 Bought one typewriter for Rs.2100 from M/s Universal typewriter co Inv. No
111 credit days 60
Apr16 Paid commission Rs.600
Apr17 Bank O/d settled Rs. 1000000
Apr24 Prepaid insurance Rs.1000
Apr25 Commission received in advance Rs.450
Apr27 Salary due Rs.1500
Apr30 Received a cheque Rs.3000 from M/s Sonaria pvt ltd agains the bill