Journal Dr. Cr.

Date Particulars Amount Amount

Cash
01.04.2016 A/c Dr. 600,000
To Arun's
Capital A/c 300,000
To
Barun's
Capital A/c 300,000
(Being Cash introduced in
the business)

01.06.2016 Building A/c Dr. 400,000

To
Cash A/c 400,000
(Being a room purchased
for cash)
Bank
01.07.2016 A/c Dr. 200,000
To
Cash A/c 200,000
(Being opened a bank account
with cash)

Bank
A/c Dr. 500,000
To Bank
Loan A/c 500,000
(Being bank loan deposited into
bank account)
31.03.2017 Furniture Dr.
A/c 60,000
To Bank
A/c 60,000
(Being
furniture
Purchased)

Bank A/c Dr. 1,850,000

To
Sales A/c 1,850,000
(Being sales receipts deposited
into bank)
To
Bank A/c 1,500,000
(Being
purchased by
cheque)

Salary A/c Dr. 80,000

Electricity
Charges A/c Dr. 17,000
Audit Feees
A/c Dr. 7,000
Insurance
Premium A/c Dr. 6,000
Travelling
expenses a/c Dr. 3,500
To
Bank A/c 113,500
(Being various expenses incurred and
paid through bank)
Bank Loan
A/c Dr. 100,000
Interest on
Loan A/c Dr. 22,500
To
Bank A/c 122,500
(Being installmemnt of bank loan &
int. on loan paid)

Arun's
Drawings A/c Dr. 24,000
Barun's
Drawings A/c Dr. 18,000
To
Bank A/c 42,000
(Being drawings made by
partners)