JOURNAL ENTRY

DATE. PARTICULARS LEDGER AMOUNT

FOLIO DR. CR.
1-Oct-21 BANK A/C DR 50000
MACHINERY A/C DR 25000
TO CAPITAL A/C
(BEING BUSINESS COMMENCED) 75000
5-Oct-21 PURCHASE A/C DR 20000
INPUT CGST A/C DR 1800
INPUT SGST A/C DR 1800
TO CREDITORS A/C
(BEING RAW MATERIAL 23600
BOUGHT FROM CREDITORS,
CGST AND SGST PAYABLE.)
12-Oct-21 DRAWINGS A/C DR 2000
TO BANK A/C
(BEING MONEY WIDRAWN 2000
FROM BUSINESS)
17-Oct-21 BANK A/C DR 9440
TO PURCHASE RETURNS A/C
TO INPUT CGST A/C 8000
TO INPUT SGST A/C 720
(BEING PURCHASE RETURNED) 720
20-Oct-21 SALARY A/C DR 1000
TO BANK A/C
(BEING THE AMOUNT PAID FOR 1000
SALARY)
24-Oct-21 BANK A/C DR 10000
TO SALES A/C
(BEING FURNITURE SOLD) 10000
25-Oct-21 LOSS OF STOCK BY FIRE A/C DR 1000
TO PURCHASE A/C
(BEING GOODS DESTROYED BY 1000
FIRE)
27-Oct-21 SALES RETURNS A/C DR 2000
TO BANK A/C
(BEING GOODS RETURNED) 2000
28-Oct-21 ELECTRICITY BILL A/C DR 2500
TO BANK A/C
(BEING ELECTRICITY BILL PAID) 2500
31-Oct-21 RENT A/C DR 15000
TO BANK A/C
(BEING RENT PAID) 15000
141540 141540
TRIAL BALANCE

LEDGER

BANK
MACHINE
DRAWINGS
PURCHASE
CGST
SGST
SALES
SALES RETURNS
LOSS OF STOCK
ELECTRICITY BILL
RENT
SALARY
PURCHASE RETURN
CREDITORS
DR BANK A/C
DATE PARTICULARS
1-Oct-21 TO CAPITAL A/C
17-Oct-21 TO PURCHASE RETURNSA/C
17-Oct-21 TO INPUT CGST A/C
17-Oct-21 TO INPUT SGST A/C
24-Oct-21 TO SALES A/C
31-Oct-21
AMOUNT DATE PARTICULARS
75000 1-Oct-21 BY MACHINERY A/C
8000 12-Oct-21 BY DRAWINGS A/C
720 20-Oct-21 BY SALARY A/C
720 27-Oct-21 BY SALES RETURNS A/C
10000 28-Oct-21 BY ELECTRICITY BILL A/C
31-Oct-21 BY RENT A/C
31-Oct-21 BY BALANCE C/D
94440

DR MACHINERY A/C
DATE PARTICULARS AMOUNT DATE PARTICULARS
1-Oct-21 TO CAPITAL 75000 1-Oct-21 BY BANK A/C
31-Oct-21 BY BALANCE C/D
75000

DR CAPITAL A/C
DATE PARTICULARS AMOUNT DATE PARTICULARS
21-Oct-21 BY BALANCE C/D 75000 1-Oct-21 BY BANK A/C
1-Oct-21 BY MACHINERY A/C
75000

DR PURCHASE A/C
DATE PARTICULARS AMOUNT DATE PARTICULARS
5-Oct-21 TO CREDITORS A/C 23600 5-Oct-21 BY INPUT CGST A/C
BY INPUT SGST A/C
BY BALANCE C/D
23600

DR INPUT CGST A/C

DATE PARTICULARS AMOUNT DATE PARTICULARS
5-Oct-21 TO CREDITORS 23600 5-Oct-21 BY PURCHASE A/C
TO PURCHASE RETURNS 8000 BY INPUT SGST A/C
BY BANK A/C
BY BALANCE C/D
31600

DR CREDITORS
 CR
AMOUNT
25000
2000
1000
2000
2500
15000
46940
94440

CR
AMOUNT
50000
25000
75000

CR
AMOUNT
50000
25000
75000

CR
AMOUNT
1800
1800
20000
23600

CR
AMOUNT
20000
1800
9440
360
31600