Accounting Equation

Day Description Assets

Dr.
Cash Van M. Stall Inevntory

Rs.
1 Introduced Capital 30,000
2 Borrowed to Purchase Van
Borrowed Loan 40,000
Purchased Van -40,000 40,000
3 Bought Market Stall -5,000 5,000
4 Inventory on Credit 18,000
5 Paid Supplier -10,000
6 Sold inventory for cash 12,000 -12,000
7 Sold inventory on Credit -9,000
8 Repaid Loan 10,000 -10,000
9 Paid to Supplier -6,000
10 Received from Customer 8,000
11 Purchased T Shirts 2,500
12 Darwings- Cash & Inventory -4,000 -2,500
15,000 40,000 5,000 -3,000
Assets = Liabilities + Equity
Dr. Cr. Cr.
Trade Receivables Total Loan Trade Payables

Rs. Rs. Rs.

30,000 30,000

40,000 40,000
0
0
18,000 18,000
-10,000 -10,000
0
9,000 0
-10,000 -10,000
-6,000 -6,000
-8,000 0
2,500 2,500
-6,500 -6,500
1,000 58,000 30,000 4,500 23,500
58,000
Double Entry Journal
Day Description Dr. Side Cr. Side Rs.

1 Introduced Capital

2 Borrowed to Purchase Van

Borrowed Loan

Purchased Van

3 Bought Market Stall

4 Inventory on Credit

5 Paid Supplier

6 Sold inventory for cash

7 Sold inventory on Credit

8 Repaid Loan 10,000

9 Paid to Supplier

10 Received from Customer

11 Purchased T Shirts

12 Darwings- Cash & Inventory

Rs. T- Accounts

Dr. Cash/Bank Cr.

Day Rs. Day Rs.
1 2 Day
2 3 2
6 5
10 8
9
12
Day
Dr. Equity Cr. 3
Day Rs. Day Rs.
1

Day
Dr. Loan Cr. 4
Day Rs. Day Rs. 11
8 2

Dr. Trade Receivables Cr. Day

Day Rs. Day Rs.
7 10

Dr. Drawings Cr.

Day Rs. Day Rs.
12 Day
12 5
9
 Dr. Van Cr.
Day Rs. Day Rs.

Dr. Market Stall Cr.

Day Rs. Day Rs.

Dr. Purchases Cr.

Day Rs. Day Rs.
12

Dr. Sales Cr.

Day Rs. Day Rs.
6
7

Dr. Trade Payables Cr.

Day Rs. Day Rs.
4
11