Journal of M/s Date 2007 01/04 02/04 03/04 Particulars Cash A/c Dr. Goods A/c Dr.

To Owner’s Capital A/c (Business started with cash and tradable goods) Bank of India A/c Dr To Cash A/c (Current account opened with BOI by cash) Lease Rent A/c Dr. To Bank of India A/c (Lease rent for the year paid by cheque no ……. wide receipt no. …. dated …..) Godown Rent A/c Dr. To Cash A/c (Rent for godown for the month of April paid by cash wide receipt no. …… dated. …… ) Bank of India A/c Dr. To Security Deposit A/c (Received security deposit from M/s Best Deals Ranchi by cheque no. … issued receipt no. … ) M/s Best Deals’ A/c Dr. To Sales A/c (Good sent under invoice no. ………) Bank of India A/c Dr. To Security Deposit A/c (Received security deposit from M/s High Tech Distributors, Ramgarh by cheque no. …. Issued receipt no. … … dated ….) Salary A/c Dr. Sales Commission A/c Dr. To Mr. Ram Rahim’s A/c (Salary for 19 days payable @ Rs. 3500 /month and sales comm. @ 0.5% on Rs.150000 due) M/s High Tech Distributor’s A/c Dr. To Sales A/c (Good sent under invoice no. ………) Mr. Ram Rahim’s A/c Dr. To Bank of India A/c (Salary and commission for April 07 paid by cheque no. ….. dated …..) Traveling Expenses A/c Dr. Wages A/c Dr. To Cash A/c (Traveling exp. and wages to temporary staff paid by voucher no. ………. And …….) Bank of India A/c Dr. To Best Deals’ A/c (Recvd by cheque no. ….. issued receipt no. …..) LF Debit Amt 500000 500000 400000 400000 60000 60000 4000 4000 200000 200000 150000 150000 150000 150000 Credit Amt 1000000

10/04

20/04

22/04 01/05

01/05

2217 750 2967 100000 100000 2967 2967 1200 1500 2700 100000 100000

05/05 07/05

07/05

20/05

22/05 01/06 01/06

01/06

05/06 07/06

07/06 10/06

10/06 11/06

15/06

22/06 22/06 28/06

M/s Best Deals’ A/c Dr. To Sales A/c (Good sent under invoice no. ………) Bank of India A/c Dr. To High Tech Distributor’s A/c (Recvd by cheque no. …….. issued receipt no..) Salary A/c Dr. To Mr. Ram Rahim’s A/c To Mr. Joseph’s A/c To Mr. Mohd Ali’s A/c (Salary for the month of May due for whole month, 22 days and 17 days respectively) Sales Commission A/c Dr. To Mr. Ram Rahim’s A/c (0.5 Sales comm. due for the month of May on Rs. 225000) M/s High Tech Distributor’s A/c Dr. To Sales A/c (Good sent under invoice no. ………) Mr. Ram Rahim’s A/c Dr. Mr. Joseph’s A/c Dr. Mr. Mohd Ali’s A/c Dr. To Bank of India A/c (Salary and sales commission for May paid) Traveling Expenses A/c Dr. To Cash A/c (Traveling exp. paid by voucher no. ……….) Auto A/c Dr. To Auto Vendor’s A/c (Auto purchased from (vendor’s name) on 11 monthly installment of Rs. 10000 by making a down payment of Rs. 40000) Auto Vendor’s A/c Dr. To Bank of India A/c (Down payment for auto made by cheque no. …) Petrol (or Fuel) Expenses A/c Dr. To Cash A/c (Fuel/petrol for auto purchased in cash by cash memo no. …..) Purchases A/c Dr. To Bank of India A/c (Goods purchased from M/s Delhi Exim by making full payment by DD no. ……) Bank of India A/c Dr. To Best Deals’ A/c (Received by cheque no. ….. issued receipt no. ) M/s Best Deals’ A/c Dr. To Sales A/c (Good sent under invoice no. ………) Bank of India A/c Dr.

125000 125000 100000 100000 6919 3500 1774 1645 1125 1125 110000 110000 4625 1774 1645 8044 2000 2000 150000 150000

40000 40000 1000 1000 500000 500000 175000 175000 150000 150000 100000

30/06 30/06 30/06

30/06

To High Tech Distributor’s A/c (Receivd by cheque no. …….. issued receipt no.) M/s High Tech Distributor’s A/c Dr. To Sales A/c (Good sent under invoice no. ………) Traveling Expenses A/c Dr. To Outstanding Exp. A/c (Traveling exp. paid by voucher no. ……….) Salary A/c Dr. To Mr. Ram Rahim’s A/c To Mr. Joseph’s A/c To Mr. Mohd Ali’s A/c (Salary for the month of June due) Sales Commission A/c Dr. To Mr. Ram Rahim’s A/c (0.5 Sales comm. due for the month of May on Rs. 225000) Total

100000 125000 125000 3000 3000 9000 3500 2500 3000 1925 1925

Ledger Accounts Owners’ Capital A/c Date Particulars Amt Date 01/04 01/04 Particulars By Cash A/c By Goods A/c Amt 500000 500000

Goods A/c Date Particulars 01/04 To Owners’ Capital A/c

Amt Date 50000 0

Particulars

Amt

Lease Rent A/c Date Particulars 03/04 To Bank of India A/c Godown Rent A/c Date Particulars 10/04 To Cash A/c Security Deposit A/c Date Particulars

Amt Date 60000

Particulars

Amt

Amt Date 4000

Particulars

Amt

Amt Date 20/04 01/05

Particulars By Bank of India A/c By Bank of India A/c

Amt 200000 150000

Cash A/c Date Particulars 01/04 To Owner’s Capital A/c

Amt Date 50000 02/04 0 10/04 07/05 07/05 07/06 11/06

Particulars By Bank of India A/c By Godown Rent A/c By Wages A/c By Traveling Exp. A/c By Traveling Exp. A/c By Petrol (Fuel) Exp. A/c

Amt 400000 4000 1500 1200 2000 1000

Bank A/c Date Particulars 02/04 To Cash A/c 20/04 01/05 To Security Deposit A/c To Security Deposit A/c

Amt 40000 0 20000 0 15000 0

Date 03/04 07/05 07/06

Particulars By Lease Rent A/c By Mr Ram Rahim’s A/c By Mr. Ram Rahim’s A/c

Amt 60000 2967 4625

20/05 01/06 22/06 28/06

To Best Deals A/c To High Tech Distri. A/c To Best Deals A/c To High Tech Distri. A/c

10000 0 10000 0 17500 0 10000 0

07/06 07/06 10/06 15/06

By Mr. Joseph’s A/c By Mr. Mohd Ali’s A/c By Auto Vendor’s A/c By Purchases A/c

1774 1645 40000 500000

Purchases A/c Date Particulars 15/06 To Bank of India A/c

Amt Date 50000 0

Particulars

Amt

Sales A/c Date Particulars

Amt Date 22/04 05/05 22/05 05/06 22/06 30/06 76000 0 Amt Date 15000 20/05 0 12500 22/06 0 15000 0 42500 0 Amt Date 10000 01/06 0 110000 28/06 12500 0 33500 0

Particulars By Best Deals A/c By High Tech Distri.A/c By Best Deals A/c By High Tech Distri.A/c By Best Deals A/c By High Tech Distri. A/c

Amt 150000 100000 125000 110000 150000 125000

M/s Best Deals’ A/c Date Particulars 22/04 To Sales A/c 22/05 22/06 To Sales A/c To Sales A/c

Particulars By Bank of India A/c By Bank of India A/c

Amt 100000 175000

M/s High Tech Ditributor’s A/c Date Particulars 05/05 To Sales A/c 05/06 30/06 To Sales A/c To Sales A/c

Particulars By Bank of India A/c By Bank of India a/c

Amt 100000 100000

Salary A/c

Date 01/05 01/06 01/06 01/06 30/06 30/06 30/06

Particulars To Mr. Ram Rahim’s A/c To Mr. Ram Rahim’s A/c To Mr. Joseph’s A/c To Mr. Mohd. Ali’s A/c To Mr. Ram Rahim’s A/c To Mr. Joseph’s A/c To Mr. Mohd. Ali’s A/c

Amt Date 2217 3500 1774 1645 3500 2500 3000 18136 Amt Date 750 1125 1925 3800

Particulars

Amt

Sales Commission A/c Date Particulars 01/05 To Mr. Ram Rahim’s A/c 01/06 To Mr. Ram Rahim’s A/c 30/06 To Mr. Ram Rahim’s A/c

Particulars

Amt

Wages A/c Date Particulars 07/05 To Cash A/c Traveling Expenses A/c Date Particulars 07/05 To Cash A/c 07/06 To Cash A/c 30/06 To Outstanding Exp. A/c Petrol (or Fuel) Expenses A/c Date Particulars 11/06 To Cash A/c Outstanding Expenses A/c Date Particulars Mr. Ram Rahims’ A/c Date Particulars 07/05 To Bank of India A/c 07/06 To Bank of India A/c

Amt Date 1500 Amt Date 1200 2000 3000 6200 Amt Date 1000 Amt Date 30/06 Amt Date 2967 01/05 4625 01/05 01/06 01/06 30/06 30/06

Particulars

Amt

Particulars

Amt

Particulars

Amt

Particulars To Traveling Exp. A/c Particulars By Salary A/c By Sales Commission A/c By Salary A/c By Sales Commission A/c By Salary A/c By Sales Commission A/c

Amt 3000 Amt 2217 750 3500 1125 3500 1925

Mr. Joseph’s A/c Date Particulars 07/06 To Bank of India A/c

Amt Date 1774 01/06 30/06

Particulars By Salary A/c By Salary A/c

Amt 1774 2500

Mr. Mohd Ali’s A/c Date Particulars 07/06 To Bank of India A/c

Amt Date 1645 01/06 30/06

Particulars By Salary A/c By Salary A/c

Amt 1645 3000

Auto Vendor’s A/c Date Particulars 10/06 To Bank of India A/c

Amt Date 40000 10/06

Particulars By Auto’s A/c

Amt 150000

Auto’s A/c Date Particulars

Amt Date

Particulars

Amt

10/06

To Auto Vendor’s A/c

15000 0

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