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    Prashant Shokeen
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    The document is a record of transactions from January 1-31 that includes purchases, sales, expenses and transfers between cash, bank and various asset and expense accounts. It records the opening cash balance of Rs. 10,00,000, cash deposits into the bank account, purchase of a building and various goods using cash, cheque and credit. It also records sales transactions, rent paid and the closing cash balance.

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    The document is a record of transactions from January 1-31 that includes purchases, sales, expenses and transfers between cash, bank and various asset and expense accounts. It records the opening cash balance of Rs. 10,00,000, cash deposits into the bank account, purchase of a building and various goods using cash, cheque and credit. It also records sales transactions, rent paid and the closing cash balance.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views2 pages

    1 2

    Uploaded by

    Prashant Shokeen
    The document is a record of transactions from January 1-31 that includes purchases, sales, expenses and transfers between cash, bank and various asset and expense accounts. It records the opening cash balance of Rs. 10,00,000, cash deposits into the bank account, purchase of a building and various goods using cash, cheque and credit. It also records sales transactions, rent paid and the closing cash balance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    DATE PARTICULARS L.

    F AMOUNT AMOUNT CR
    DR
    January 1 Cash Account DR. 10,00,000 10,00,000
    To Capital Account
    (Being business commenced
    with cash) 7,50,000
    7,50,000
    January 2
    Bank Account DR.
    To Cash Account
    (Being Cash deposited into 2,00,000 2,00,000
    Bank Account)
    January 3
    Building Account DR.
    50,000 50,000
    To Bank Account
    (Being building purchased
    January 4 with Cheque)
    1,00,000 1,00,000
    Purchases Account DR.
    To Cash Account
    January 6 (Being Goods Purchased 5,000
    with Cash) 5,000

    Purchases Account DR.


    To XYZ and Co. 50,000 1,75,000
    January 6 (Being goods purchased on
    credit)

    Cartage Inward Account DR. 1,75,000 1,75,000


    January 6 To Cash Account
    (Being Cartage paid with
    Cash) 60,000 60,000

    January 10 Furniture Account DR.


    To Cash Account
    30,000 30,000
    (Being Furniture purchased
    with cash)

    January 12 Cash Account DR.


    To Sales Account 10,000 10,000
    (Being Goods sold on cash)

    January 17 20,000
    Shyam Account DR. 20,000
    To Sales Account
    (Being Goods sold to Shyam
    January Rent Account 20,000
    31 Dr 20,000
    To Bank Account
    (Being rent paid with cheque) 20,000
    January
    20,000
    31 Cash Account
    Dr
    To Sales Account
    (Being goods sold)
    24,90,000 24,90,000

    TOTAL

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