JOURNAL

Date Particulars LF
Cash Dr
Equity
Cash Dr
Loan
Plant Dr
Cash
Inventory Dr
Cash
Inventory Dr
AP
AR Dr
Sales
COGS Dr
Inventory
Cash Dr
AR
AP Dr
Cash
G expenses Dr
Cash
Trial Balance
Dr
cash 370 equity
plant 1000 loan
inv 250 ap
ar 100 Sales
g exp 80
cogs 350

2150
P&L
Dr
Expenses Revenues
COGS 350 Sales
G exp 80
Profit 120
550
Balance Sheet
A L+E
cash 370 Equity
plant 1000 Profit
inv 250
AR 100 Loan
AP

1720
ty

enues
 ty
fit
 LEDGER
Debit (Rs) Credit (Rs)

Dr Cash
Date Particulars JF Amount

Equity 1000
Loan 500
Debtor 450

1950
1000 1000
500 500
1000 1000

250
250
 350 350
550 550
350 350
450 450
250 250
80 80

Equity
To bal c/d 1000
1000
Loan
To Bal c/d 500
500
Plant
Cash 1000
1000
Inventory
Cash 250
Creditor 350
600
AP
Cash 250
Balance c/d 100
350
 AR
Sales 550

550
Cr
1000
500
100
550
Cr

Sales
Balance c/d 550
550
Gen. Exp
Cash 80
80
2150
COGS
Inventory 350
350
COGS Dr 350
550 Inv 350
550
Debtors 550
Sales 550
Sales Dr
P&L
P&L Dr
COGS
P&L Dr
G exp

1000 550
120 350
500 80
100

1720
350
550
350
80
 Cr
Date Particulars JF Amount

Plant 1000
inv 250
Trade Payables 250
Gen. Exp 80

Balance c/d 370

1950

cash 1000
1000

Cash 500
500

Bal c/d 1000

1000

COGS 350
Balance c/d 250
600

Inventory 350

350

Cash 450
Balance c/d 100
550
Debtors 550
550

Balance c/d 80
80

Balance c/d 350

350
closing entry