Date Particulars L/F Debit Amount Credit Amount (in

(in Rupees) Rupees)

April 1 Cash A/c Dr. 30,00,000
Savings A/c Dr. 5,00,000
To Capital A/c 35,00,000
(being business started with cash of
Rs. 30,00,000 and savings of Rs.
5,00,000)
April 1 ICICI Bank A/c 30,00,000
Dr. 30,00,000
To Cash A/c
(being bank account opened with
ICICI with Rs. 30,00,000)
April 1 Land and Building A/c Dr. 12,00,000
To Cash A/c 12,00,000
(Being land and building purchased
for Rs. 12,00,000 through cash)
April 3 Furniture A/c Dr. 1,00,000
To Cash A/c 1,00,000
(being furniture paid for through
cash of Rs. 1,00,000 for office use)
April 4 Laptop A/c Dr. 40,000
To Cash A/c 40,000
(being laptop paid for through cash
of Rs. 40,000 for office use)
April 4 Computer A/c Dr. 60,000
To Cash A/c 60,000
(being 4 computers paid for
through cash of Rs. 60,000 for
office use)
April 5 TV A/c Dr. 4,80,000
To Cash A/c 4,80,000
(being 16 TV sets of Rs. 4,80,000
paid for in cash)
April 14 Deposits A/c Dr. 10,000
To Cash A/c 10,000
(being security deposit of Rs.
10,000 paid to Odisha Power Ltd.
for an electricity connection)
April 30 Electricity Bill A/c Dr. 4,000
To Cash A/c 4,000
(being electricity bill of Rs. 40,000
paid for in cash)
April 30 Salary A/c Dr. 40,000
To Cash A/c 40,000
(being salary of 10 staff paid for in
cash of Rs. 40,000)
May 1 Printer A/c Dr. 40,000
To Cash A/c 40,000
(being printing machine of Rs.
 40,000 paid for in cash)
May 5 Surveillance Cameras A/c Dr. 3,00,000
To Cash A/c 3,00,000
(being 5 surveillance cameras of
Rs. 3,00,000 paid for in cash)
May 10 AC A/c Dr. 75,000
To Cash A/c 75,000
(being 3 ACs of Rs. 25,000 each
paid for in cash for office use)
May 15 Internet Connection A/c Dr. 8,500
To Cash A/c 8,500
(being internet connection of Rs.
8,500 paid for in cash)
May 20 Printing and Stationary A/c Dr. 3,000
To Cash A/c 3,000
(being printing and stationary items
of Rs. 3,000 paid for in cash for
office use)
May 25 Cash A/c Dr. 12,000
To Sales A/c 12,000
(being goods sold for cash at Rs.
12,000)
May 25 Cash A/c Dr. 15,000
To Kapoor & Sons A/c 15,000
(being goods sold for credit at Rs.
15,000)
May 28 HP Laptop A/c Dr. 1,75,000
To Bank A/c 1,75,000
(being 5 HP laptops of Rs. 1,75,000
paid for through cheque)
May 28 Water Purifier A/c Dr. 4,000
To Cash A/c 4,000
(being drinking water purifier of
Rs. 4000 paid for in cash)
May 31 Electricity Bill A/c Dr. 5,000
To Cash A/c 5,000
(being monthly electricity of Rs.
5000 paid for in cash)
May 31 Salary A/c Dr. 40,000
To Cash A/c 40,000
(being salary paid to staff of 10 at
Rs. 40,000 in cash)
June 1 Drawings A/c Dr. 6,000
To Cash A/c 6,000
(being life insurance premium of
Rs. 6,000 paid for in cash)
June 5 Sales A/c Dr. 5,520
Discount Allowed Dr. 480
To Cash A/c 6,000
(being goods sold to Ramesh for
 Rs. 6,000 in cash at a discount of
8%)
June 10 Prepaid Expenses A/c Dr. 120
To Cash A/c 120
(being subscription for Times
magazine paid for in cash at Rs.
10/month)
June 15 Purchase A/c Dr. 15,000
To Bank A/c 15,000
(being goods purchased at Rs.
15,000 from M/s Manmohan Ltd.
through cheque)
June 30 Electricity Bill A/c Dr. 4,600
To Bank A/c 4,600
(being monthly electricity bill at
Rs. 4,600 paid for in cash)
June 30 Salary A/c Dr. 40,000
To Cash A/c 40,000
(being paid salary paid to staff of
10 at Rs. 40,000 in cash)
July 1 Bank A/c Dr. 15,00,000
To Loan A/c 15,00,000
(being bank loan obtained of Rs.
15,00,000)
July 5 Interest A/c Dr. 1,50,000
To Loan A/c 1,50,000
(being bank loan obtained of Rs.
15,00,000 at 10% p.a.)
July 8 Cell Phone A/c Dr. 8,000
To Cash A/c 8,000
(being cell phone of Rs. 8,000 paid
for in cash)
July 10 M/s Manmohan Ltd. A/c Dr. 5,000
To Purchases A/c 5,000
(being goods of Rs. 5,000 returned
to M/s Manmohan Ltd. due to
defectiveness)
July 13 Purchases A/c Dr. 5,00,000
To Khan & Co. A/c 5,00,000
(being 10 ACs of Rs. 5,50,00 paid
for on credit)
July 18 Khan & Co. A/c Dr. 5,00,000
To Cash A/c 5,00,000
(being Rs. 5,00,000 paid to Khan &
Co. in cash)
July 25 Profit & Loss A/c Dr. 10,000
To Provision for Bad Debt 10,000
A/c
(being provision for bad debts kept
at Rs. 10,000 in cash)
July 31 Electricity Bill A/c Dr. 4,300
To Cash A/c 4,300
(being monthly electricity bill of
Rs. 4,300 paid for in cash)
July 31 Salary A/c Dr. 40,000
To Cash A/c 40,000
(being salary paid to staff of 10 at
Rs. 40,000 through cash)
August 1 Municipal Tax A/c Dr. 2,500
To Cash A/c 2,500
(being municipality tax of Rs.
2,500 paid for in cash)
August 2 Cheque in hand A/c Dr. 10,000
To Sales A/c 10,000
(being goods of Rs. 10,000 sold to
M/s Raman Khatari against cheque)
August 2 Bank A/c Dr. 10,000
To Cash A/c 10,000
(being cheque deposited in the
bank)
August 2 M/s Raman Khataria A/c Dr. 10,000
To Bank A/c 10,000
(being cheque by M/s Raman
Khataria dishonoured)
August 3 Bank A/c Dr. 10,000
To Raman Khataria A/c 10,000
(being bank draft of Rs. 10,000
received from M/s Raman
Khataria)
August 5 Drawings A/c Dr. 15,000
To Cash A/c 15,000
(being cash of Rs. 15,000
withdrawn from bank for personal
use)
August 10 Loss by Fire A/c Dr. 10,000
To Goods destroyed by fire 10,000
A/c
(being uninsured goods of Rs.
10,000 destroyed by fire)
August 31 Electricity Bill A/c Dr. 4,500
To Cash A/c 4,500
(being monthly electricity bill of
Rs. 4,500 paid for in cash)
August 31 Salary A/c Dr. 40,000
To Cash A/c 40,000
(being salary paid to staff of 10 at
Rs. 40,000 through cash)
September 1 Gupta Manufacturers A/c Dr. 60,000
To Sales A/c 60,000
(being goods of Rs. 60,000 sold at
 credit to Gupta Manufacturers)
September 5 Purchases A/c Dr. 1,00,000
To Cash A/c 1,00,000
(being 5 refrigerators of Rs.
1,00,000 paid for in cash)
September 10 Khalid Manufacturers A/c Dr. 40,000
To Sales A/c 40,000
(being refrigerators of Rs. 1,00,000
paid for on credit)
September 15 Cash A/c Dr. 1,60,000
To Sales A/c 1,60,000
(being 4 ACs of Rs. 1,60,00 sold to
Nalli Silk Sarees for cash)
September 20 Zedd Company Dr. 1,00,000
To Bank A/c 1,00,000
(being Rs. 1,00,000 invested in
Zedd Company through cheque)
September 25 Cash A/c Dr. 2,55,000
To Sales A/c 2,55,000
(being 10 computers at Rs.
2,25,000 sold to Mehta Coaching
Classes for cash)
September 28 Mehta Coaching Classes A/c Dr. 1,00,000
To Sales A/c 1,00,000
(being 5 printers at Rs. 1,00,000
sold to Mehta Coaching Classes
sold at credit)
September 28 Cash A/c Dr. 1,00,000
To Mehta Coaching Classes 1,00,000
A/c
(being Rs. 1,00,000 paid by Mehta
Coaching Classes through cheque)
September 30 Electricity Bill A/c Dr. 4,300
To Cash A/c 4,300
(being monthly electricity bill of
Rs. 4,300 paid for in cash)
September 30 Salary A/c Dr. 40,000
To Cash A/c 40,000
(being salary paid to staff of 10 at
Rs. 40,000 through cash)