INTRODUCTION

Gada Electronics was started in 2019 as a sole proprietorship business. The store is situated in
the bustling market of Kharar, Mumbai. The store deal with various electronics for personal
and/or professional use. Variety of electronics such as laptops, cameras, air conditioners,
refrigerators, etc. are available, of all Indian and international brands.

The store has built a decent customer base to whom most goods are sold through cash
transactions, barring a few being sold on credit. The business has trusted suppliers from
whom goods are bought through cash or on credit.

Accounting details such as list of transactions, journal entries, cash book, ledger, and trial
balance have been compiled here for the financial year of 2019-20.