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Date Particulars LF Amount [Dr.] Amount [Cr.]
6/1/2012 Cash Acc Dr. 1000000
To Gaurav's Capital Acc 750000
To Gaurav's Wife's Acc 250000
(Being investment for business)

6/4/2012 Purchase Acc (goods) Dr. 32000

To Cash Acc 6400
To Aniket Acc 25600
(Being goods purchased from Ankit)

6/7/2012 Purchase Acc Dr. 25000

To Cash Acc 25000
(Being Cash Purchases)

6/10/2012 Cash Acc Dr. 6300

Vishakha Acc Dr. 14700
To Sales Acc (goods) 21000
(Being goods sold to Vishakha)

6/12/2012 Bank Acc Dr. 20000

To Cash Acc 20000
(Being cash deposited to bank)

6/15/2012 Loss by fire Acc Dr. 5500

To Purchase Acc 5500
(Being loss of uninsured goods destroyed by fire)

6/19/2012 Cash Acc Dr. 3500

To Commission Acc 3500
(Being commission received)

6/22/2012 Ankit Acc Dr. 25600

To Cash Acc 25500
To Discount Receviced Acc 100
(Being setlment paid to Ankit)

6/25/2012 Misc Expenses Dr. 1000

To Cash Acc 1000
(Being cash stolen from cash box)

6/27/2012 Cash Acc Dr. 14500

Discount Acc Dr. 200
To Vaisakha Acc 14700
(Being cash and discount received from Vaisakha)
6/30/2012 Bank Acc Dr. 2400
To Interest Acc 2400
(Being interest received directly at bank account)

Total 1150700 1150700

L Capital Account
E Date Particular Amount [Dr.] Date

D To Balance c/d 7500000

6/1/2012

G
E
R Date Particular
Cash Account
Amount [Dr.] Date
6/1/2012 To capital a/c 750000 6/4/2012
6/1/2012 To wife's a/c 250000 6/7/2012
6/10/2012 To sales a/c 6300 6/12/2012
6/19/2012 To Comission a/c 3500 6/22/2012
6/27/2012 To Vishakha's a/c 14500 6/25/2012

To Balance b/d 946400

Gaurav's Wife's Account

Date Particular Amount [Dr.] Date
6/1/2012
To Balance c/d 2500000

Purchase Account
Date Particular Amount [Dr.] Date
6/4/2012 To Cash a/c 6400 6/15/2012
6/4/2012 To Aniket's a/c 25600
6/7/2012 To Cash a/c 25000

To Balance b/d 51500

Aniket's Account
Date Particular Amount [Dr.] Date
6/22/2012 To Cash a/c 25500 6/6/2012
6/22/2012 To Discount a/c 100
Total 25600

Vishakha's Account
Date Particular Amount [Dr.] Date
6/10/2012 To Sales a/c 14700 6/27/2012
6/27/2012
Total 14700
 Bank's Account
Date Particular Amount [Dr.] Date
6/12/2012 To Cash a/c 20000
6/30/2012 To interest a/c 2400

To Balance b/d 22400

Total 22400

Sales Account
Date Particular Amount [Dr.] Date
6/10/2012
6/10/2012
To Balance c/d 21000

Loss by fire Account

Date Particular Amount [Dr.] Date
6/15/2012 To Purchase a/c 5500

To Balance b/d 5500

Comission Account
Date Particular Amount [Dr.] Date
6/30/2012
By Balance c/d 3500

Discount Account
Date Particular Amount [Dr.] Date
6/27/2012 To Visakha's a/c 200 6/22/2012

To Balance b/d 100

Miscelleaneous account
Date Particular Amount [Dr.] Date
6/25/2012 To Cash a/c 1000

To Balance b/d 1000

 Interest account
Date Particular Amount [Dr.] Date
6/30/2012
To Balance c/d 2400
ccount
T
Particular Amount [Cr.] R Account Debit Credit
By cash a/c 750000
I Capital Account
Cash Account 946400
750000

By Balance b/d 750000

A Gaurav's Wife's Account
Purchase Account 51500
250000

L Bank's Account 22400

count Sales Account 21000
Particular Amount [Cr.] Loss By Fire Account 5500
By Purchase a/c
By Purchase a/c
6400
25000
B Commission Account
Discount Account 100
3500

By Bank a/c 20000 A Misc Account 1000

By Aniket's a/c
By Misc Expenses a/c
25500
1000 L Interest Account
Total
2400
1026900 1026900
By Balance c/d 946400
A
N
C
e's Account
Particular Amount [Cr.]
E
By cash a/c 250000

By Balance b/d 250000

Account
Particular Amount [Cr.]
By loss by fire a/c 5500

By Balance c/d -5500

Account
Particular Amount [Cr.]
By Purchase a/c 25600

Total 25600

Account
Particular Amount [Cr.]
By Cash a/c 14500
By Discount a/c 200
Total 14700
ccount
Particular Amount [Cr.]

By Balance c/d 22400

count
Particular Amount [Cr.]
By cash a/c 6300
By Vishakha's a/c 14700

By Balance b/d 21000

Account
Particular Amount [Cr.]

By Balance c/d 5500

Account
Particular Amount [Cr.]
To Balance a/c 3500

To Balance b/d 3500

Account
Particular Amount [Cr.]
By Aniket's a/c 100
By balance c/d 100

us account
Particular Amount [Cr.]

By balance c/d 1000

ccount
Particular Amount [Cr.]
By bank a/c 2400

By Balance b/d 2400

 JOURNAL
Date Particulars LF Amount [Dr.] Amount [Cr.]

5/1/2003 Cash Acc Dr. 25000

To Alan Jones Capital Account 25000
(Being investment from Alan John's capital account)

5/2/2003 Furniture Acc Dr. 2100

To Cash Acc 2100
(Being furniture purchased)

5/6/2003 Purchase Acc (goods) Dr. 2850

To Salil Traders Acc 2850
(Being goods purchased from salil traders)

5/9/2003 Cash Acc Dr. 3500

To Sales Acc 3500
(Being sales done by cash)

5/14/2003 Quaiser Acc Dr. 2500

To Sales Acc (goods) 2500
(Being goods sold to quaiser on credit)

5/15/2003 Office Stationary Acc Dr. 25

To Cash Acc 25
(Being amount paid for stationary)

5/21/2003 Cash Acc Dr. 1000

To Quaisser Acc 1000
(Being amount remitted by quaisser)

5/25/2003 Cash Acc Dr. 150

To Interest Acc 150
(Being interest received on investments)

5/26/2003 Rent Acc Dr. 550

To Cash Acc 550
(Being rent paid to landlord)

Insurance Premium Acc Dr. 210

To Cash Acc 210
(Being insurance premium paid)

Total 37885 37885

 LEDGER
Date Particulars JF Amount [Dr.]

Cash Account

5/1/2003 To Alan Capital a/c 25000

5/9/2003 To sales a/c 3500
5/21/2003 To Quasier a/c 1000
5/25/2003 To Interest a/c 150

To Balance b/d 26765

Alan's Capital Account

To Balance c/d 25000

Furniture Account
5/2/2003 To Cash a/c 2100

To Balance b/d 2100

Purchase Account
5/6/2003 To Salil traders a/c 2850

To Balance b/d 2850

Salil Traders Account

To Balance c/d 2850

Sales Account

By Balance c/d 6000

Quasier Account
5/14/2003 To Sales a/c 2500

To Balance b/d 1500

Office Stationary Account

5/15/2003 To Cash a/c 25
 To Balance b/d 25

Rent Account
5/26/2003 To Cash a/c 550

To Balance b/d 550

Insurance Account
5/26/2003 To Cash a/c 210

To Balance b/d 210

Interest Account

By Balance c/d 150

LEDGER TRIAL BALA
Date Particulars JF Amount [Cr.] Account
Cash a/c
Cash Account Alan capital a/c
Furniture a/c
5/2/2003 By Furniture a/c 2100 Purchase a/c
5/15/2003 By Office stationary a/c 25 Salil Trade a/c
5/26/2003 By Rent a/c 550 Sales a/c
5/26/2003 By Insurance a/c 210 Quasier a/c
By Balance c/d 26765 Office stationary a/c
Rent a/c
Insurance a/c
an's Capital Account Interest a/c
5/1/2003 By Cash a/c 25000 Total

By Blance b/d 25000

Furniture Account

By Balance c/d 2100

Purchase Account

By Balance c/d 2850

alil Traders Account

5/6/2003 By Purchase a/c 2850

By Balance b/d 2850

Sales Account
5/14/2003 By Quasier a/c 2500
5/9/2003 By Cash a/c 3500

By Balance b/d 6000

Quasier Account
5/21/2003 By Cash a/c 1000
By Balance c/d 1500

ce Stationary Account

By Balance c/d 25
 Rent Account

By Balance c/d 550

Insurance Account

By Balance c/d 210

Interest Account
5/25/2003 By Cash/c 150

By Balance b/d 150

TRIAL BALANCE
Debit Credit
26765
25000
2100
2850
2850
6000
1500
25
550
210
150
34000 34000
J
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Date Particulars LF Amount [Dr.]
4/1/2021 Cash Acc Dr. 40000
To Capital Acc
(Being investment in business)

4/4/2021 Purchase Acc Dr. 4000

To Cash Acc
(Being goods purchased for cash)

4/7/2021 Cash Acc Dr. 700

To Sales Acc
(Being goods sold for cash)

4/10/2021 Purchase Acc Dr. 2700

To M/s Bandhari Bros Acc Dr.

(Being goods bought from M/s Bandhari Bros with 10% discount)

4/14/2021 Machinery Acc Dr. 5000

To M/s Kirloskar Bros Acc
(Being maichinery bought from M/s Kirloskar Bros)

4/16/2021 Machinery Acc Dr. 800

To Cash Acc
(Being amount paid for transportation and installation)

4/20/2021 Interest Acc Dr. 150

To Cash Acc
(Being quarterly interest paid at 12% p.a.)

4/24/2021 M/s Kunal & Sons Acc Dr. 3500

To Sales Acc
(Being goods solt to M/s Kunal & Sons)

4/27/2021 M/s Bandhari Bros Acc Dr. 2700

To Cash Acc.
To Discount Acc.
(Being amount paid in full settlement to M/s Bandhari Bros)

4/28/2021 Return Inwards Acc Dr. 300

Cash Acc Dr. 1200
To M/s Kunal & Sons Acc
 (Being goods returned and received on account)

4/29/2021 Cash Acc Dr 250

To Commission Acc
(Being commission received)

4/30/2021 Conveyance Acc Dr. 450

To Cash Acc
(Being conveyance to manager paid)

TOTAL 61750
Amount [Cr.]
L Accounts in Journal
Date
40000 E Cash Acc 4/1/2021

D Capital Acc
Purchase Acc
4/7/2021
4/29/2021
G Sales Acc 4/28/2021
4000
E Machinery Acc
M/s Kirloskar Bros Acc
R Interest Acc
M/s Kunal & Sons Acc
700 Discount Acc
Commission Acc
M/s Bandhari Bros Acc
Conveyance Acc
2700 Return Inwards Acc Date

5000

Date
4/4/2021
800 4/10/2021

150

Date
3500

2600
100

Date
4/27/2021
1500 4/27/2021
 250
Date
4/14/2021
4/16/2021
450

61750

Date
4/24/2021

Date

Date
4/20/2021

Date
Date

Date
4/30/2021

Date
4/28/2021
 CASH ACCOUNT
Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
To Capital Acc 40000 4/4/2021 By Purchase Acc 4000
To Sales Acc 700 4/16/2021 By Machinery Acc 800
To Commissiion Acc 250 4/20/2021 By Interest Acc 150
To Kunal Account 1200 4/27/2021 By M/s Bandhari Acc 2600
4/30/2021 By Conveyance Acc 450
By balance c/d 34150
To balance b/d 34150

CAPITAL ACCOUNT
Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
4/1/2021 By Cash Acc 40000
By balance c/d 40000
To balance b/d 40000

PURCHASE ACCOUNT
Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
To Cash Acc 4000
To M/s Bandhari 2700
By balance c/d 6700
To balance b/d 6700

SALES ACCOUNT
Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
4/7/2021 By Cash Acc 700
4/24/2021 By M/s Kunal & Sons Acc 3500
By balance c/d 4200
To balance b/d 4200

M/s Bandhari ACCOUNT

Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
To Cash Acc 2600 4/10/2021 By Purchase Acc 2700
To Discount Acc 100
Total 2700 Total 2700

MACHINERY ACCOUNT
Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
To M/s Kirloskar Bros Acc 5000
To Cash Acc 800
By balance c/d 5800
To balance b/d 5800

M/s Kunal & Sons ACCOUNT

Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
To Sales 3500 4/28/2021 Return Inwards Acc 300
4/28/2021 Cash Acc 1200
By balance c/d 2000
To balance b/d 2000

M/s Kirloskar Bros ACCOUNT

Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
4/14/2021 By Machinery Acc 5000
By balance c/d 5000
To balance b/d 5000

INTEREST ACCOUNT
Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
To Cash Account 150
By balance c/d 150
To balance b/d 150

DISCOUNT ACCOUNT
Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
4/27/2021 By M/s Bandhari Bros Acc 100
By balance c/d 100
To balance b/d 100
 COMMISSION ACCOUNT
Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
4/29/2021 By Cash Acc 250
By balance c/d 250
To balance b/d 250

CONVEYANCE ACCOUNT
Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
To Cash Acc 450
By balance c/d 450
To balance b/d 450

RETURN INWARDS ACCOUNT

Particulars Amount [Dr.] Date Particulars Amoun[Cr.]
To M/s Kunal & Sons Acc 300
By balance c/d 300
To balance b/d 300
T Account
Cash Account
Debit
34150
Credit

R Capital Account 40000

I Purchase Account
Sales Account
6700
4200
A Machinery Account 5800

L M/s Kunal & Sonss Account

M/s Kirloskar Bros Account
2000
5000
Interest Account 150

B Discount Account
Commission Account
100
250
A Conveyance Account
Return Inwards Account
450
300
L
A Total 49550 49550

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