SPS Restaurants pvt ltd

JOURNAL ENTRY
for financial year 2019-2020

DATE PARTICULARS Dr Cr
1-Jan Cash A/C 500000
To Capital A/C 500000

2-Jan Purchase A/c 4000

To Cash A/c 4000

3-Jan-19 Purchase A/c 3000

To Cash A/c 3000

4-Jan-19 Purchase A/C 4000

To Mohan A/C 4000

5-Jan-19 Mohan A/C 4000

To Cash A/C 4000

6-Jan Purchase A/c 6000

To Anil A/c 6000

7-Jan-19 Anil A/C 5000

To Cash A/C 5000

8-Jan-19 Furniture A/C 8000

To Cash A/C 8000

9-Jan-19 Machinery A/C 5000

To Sunil A/C 5000

10-Jan Cash A/C 5000

 To Sales A/C 5000

11-Jan-19 Ramesh A/C 6000

To Sales A/C 6000

12-Jan-19 Cash A/C 4000

To Ramesh A/C 4000

13-Jan-19 Rakesh A/C 5000

To Sales A/C 5000

14-Jan Cash A/C 4000

To Rakesh A/C 4000

15-Jan-19 Cash A/C 1000

To Furniture A/C 1000

16-Jan-19 Salary A/C 800

To Cash A/C 800

17-Jan-19 Rent A/C 900

To Cash A/C 900

18-Jan Wages A/C 900

To Cash A/C 900

19-Jan-19 Anil A/C 700

To Purchase Returns A/C 700

20-Jan-19 Sales Return A/C 600

To Rakesh A/C 600

21-Jan-19 Cash A/C 2000

To Commission A/C 2000

22-Jan Purchase A/C 1000

 To Ashok A/C 1000

23-Jan-19 Ashok A/C 1000

To Cash A/C 950
To Discount Received A/C 50

24-Jan-19 Mahesh A/C 5000

To Sales A/C 5000

25-Jan-19 Cash A/C 4900

Discount Given A/C 100
To Mahesh A/C 5000

26-Jan-19 Depreciation A/C 600

To Machinery A/C 600

Depreciation A/C 200

To Furniture A/C 200

27-Jan-19 Free Sample A/C 600

To Purchase A/C 600

28-Jan-19 Charity A/C 800

To Purchase A/C 800

29-Jan Loss by Fire A/C 600

To Purchase A/C 600

30-Jan-19 Loss by Fire A/C 1000

To Purchase A/C 1000

Cash A/C 600

To Insurance A/C 600

31-Jan-19 Ramesh A/C 1000

To Sales A/C 1000
 1-Feb-19 Cash A/C 600
Bad Debt A/C 400
To Ramesh A/C 1000

2-Feb-19 Cash A/C 300

To Bad Debt A/C 300

3-Feb-19 Ramesh A/C 1800

To Sales A/C 1800

4-Feb Mohan A/C 1000

To Sales A/C 1000

5-Feb-19 Cash A/C 900

Discount Given A/C 100
To Mohan A/C 1000

6-Feb-19 Interest on Capital A/C 750

To Capital A/C 750

7-Feb Bank A/C 5000

To Loan A/C 5000

8-Feb-19 Interest A/C 500

Bank A/C 500

9-Feb-19 Drawings A/C 1500

To Cash A/C 1500

10-Feb-19 Cash A/C 20000

To Capital 20000

11-Feb-19 Bank A/C 15000

To Cash A/C 15000
 12-Feb-19 Salary A/C 800
To Bank A/C 800

13-Feb-19 Bank A/C 2000

To Sales A/C 2000

14-Feb-19 Bank Charges A/C 50

To Bank A/C 50

15-Feb-19 Cheque in Transit A/C 1000

To Sales A/C 1000

16-Feb-19 Bank A/C 1000

To Cheque in Transit 1000

17-Feb-19 Bank A/C 500

To Sales A/C 500

18-Feb-19 Mohan A/C 500

To Cash A/C 500

19-Feb-19 Bank A/C 1000

To Kamal A/C 1000

Question 14 a Debit Credit

1-Jan-10 Cash 5000
Bank 12000
Ashok 8000
Balbir 7000
Hari 20000
Stock 25000
Furniture 20000
Goodwill 18000
115000
Mohan 15000
Kapil 9000
Amar 6000
Bank Loan 20000
Capital 65000

115000
 Capital Consumption Allowance Initial Value
Depreciation All the assets have to be depreciated Years
Initial Value - Purchase Price of the asset 0
Every year Depreciation will be charged 1
SLM Straight Line Method IV/NO OF YEARS 2
WDV Written Down Value Method PERCENTAGE 3
20% 4
5

Cost price of this Pizza

selling price
600 1000
Initial Value Class Life - Life of an asset

-100000 Dep Outstanding Value

20000 80000 20000 80000
20000 60000 16000 64000
20000 40000 12800 51200
20000 20000 10240 40960
20000 0 8192 32768
 JOURNAL ENTRY
DATE PARTICULARS Dr Cr
1-Jan cash a/c 30000
to capital a/c 30000
(being capital opening balance)

1-Jan cash a/c 2500

to sale a/c 2500
(Being goods sold for cash )

2-Jan purchase a/c 8000

to cash a/c 8000
(Being goods purchased for cash )

2-Jan cash a/c 1500

to sales a/c 1500
(Being goods sold for cash )

3-Jan cash a/c 2000

to sales a/c 2000
(Being goods sold for cash )

4-Jan purchase a/c 24000

to cash a/c 24000
(Being goods purchased for cash )

4-Jan cash a/c 1500

to sales a/c 1500
(Being goods sold for cash )

6-Jan cash a/c 3000

to sales a/c 3000
(Being goods sold for cash )
 7-Jan purcahse a/c 8000
to cash a/c 8000
(Being goods purchased for cash )

7-Jan cash a/c 1000

to sales a/c 1000
(Being goods sold for cash )

8-Jan cash a/c 3500

to sales a/c 3500
(Being goods sold for cash )

9-Jan purchase a/c 12000

to cash a/c 12000
(Being goods purchased for cash )

9-Jan cash a/c 2500

to sales a/c 2500
(Being goods sold for cash )

10-Jan cash a/c 2000

to sales a/c 2000
(Being goods sold for cash )

10-Jan electricity a/c 800

to cash a/c 800
(Being electricity bill paid )

11-Jan cash a/c 3000

to sales a/c 3000
(Being goods sold for cash )

13-Jan cash a/c 3700

to sales a/c 3700
(Being goods sold for cash )
14-Jan cash a/c 2300
to sales a/c 2300
(Being goods sold for cash )

15-Jan maintenance a/c 500

to cash a/c 500
(Being cash given for maintenance )

16-Jan sanjeev a/c 3420

discount given a/c 380
to sales a/c 3800
Being goods sold to Sanjeev and discount
given )

17-Jan cash a/c 2500

to sales a/c 2500
(Being goods sold for cash )

18-Jan cash a/c 3000

to sales a/c 3000
(Being goods sold for cash )

20-Jan satish a/c 500

cash a/c 3000
to sales a/c 3500
(Being goods sold for cash and on credit
to Satish )

22-Jan cash a/c 2200

to sales a/c 2200
(Being goods sold for cash )

23-Jan cash a/c 3300

to sales a/c 3300
(Being goods sold for cash )
24-Jan cash a/c 1500
to sales a/c 1500
(Being goods sold for cash )

25-Jan cash a/c 2500

to sales a/c 2500
(Being goods sold for cash )

27-Jan harish a/c 300

cash a/c 1500
to sales a/c 1800
(Being goods sold for cash and on credit
to Harish )

28-Jan cash a/c 2200

to sales a/c 2200
(Being goods sold for cash )

29-Jan cash a/c 2100

to sales a/c 2100
(Being goods sold for cash )

30-Jan cash a/c 1800

to sales a/c 1800
(Being goods sold for cash )

31-Jan cash a/c 1600

to sales a/c 1600
(Being goods sold for cash )
 Cash A/C
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 Sales A/C

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 LEDGER

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 TRIAL BALANCE
at the end of March 2020
particulars debit credit