DAWN NEWS PAPER

NAME : YASHWA QAMER.

STUDENT ID : S2022423004
PROJECT : ACCOUNTING [ SECTION : K ]
TRANSACTION’S
TRANSACTIN’S
1. On 1st March 2020 Yashwa started a business with cash Rs 20,00,000.
2. March 3 Cash deposited into the bank Rs. 15,00,000.
3. March 6 Goods purchased for cash Rs 5,00,000 at 20% trade discount .
4. March 8 Machinery ( printer etc.) Purchased Rs.2,50,000 and installation expenses paid Rs. 50,000.
Amount paid by cheque.
5. March 12 Computer Purchased paid by cheque Rs. 30,000.
6. March 16 Goods sold for Cash Rs. 6,00,000 and deposited in to the bank sameday.

7. March 18 Carriage paid Rs. 10,000.

8. March 20 Goods Sold on credit to Haider & Brother Rs.2,00,000 at 25% trade discount .

9. March 25 Furniture Purchased for office use paid by cheque Rs. 50,000.
10. March 26 Cheques received from Haider and brother Rs 1,00,000 and deposited into Bank same day.

11. March 27 Cash withdrawn from bank for office use Rs.40,000.
12. March 28 Advertisement Expenses paid by cheque Rs. 20,000.
13. March 29Commission Received Rs. 10,000.
14. March 31 Bank charges charged by bank  Rs. 5,000.
DATE PARTICULARS AMOUNT (Dr) AMOUNT (Cr)
March 1 Cash/ac 20,00,000/- Rs
To capital/ac 20,00,000/- Rs
( Being business started for cash )
March 3 Bank /ac 15,00,000/- Rs
To cash/ac 15,00,000/- Rs
( being cash deposited into the bank)
March 6 Purchased/ac 4,00,000/- Rs
To cash/ac 4,00,000/-Rs
( Being goods purchased for cash at 25% trade
discount )
March 8 Machinery/ac ( printer etc.) 3,00,000/-Rs
To bank/ac 3,00,000/-Rs
(Being machinery purchased 2,50,000 and
installation expenses paid 50,000 by cheque.)
March 12 Computer/ac 30,000/-Rs
To bank/ac 30,000/-Rs
(Being computer purchased by cheque.)
March 16 Bank/ac 6,00,000/-Rs
To sales/ac 6,00,000/-Rs
(Being goods sold for cash and deposited into the
bank same day)
JOURNAL'S ENTRIES
March 18 Carriage/ac 10,000/-Rs
To cash/ac 10,000/-Rs
(Carriage paid)
March 20 Haider and brother/ac 1,50,000/-Rs
To sales/ac 1,50,000/-Rs
(Being goods sale on credit at 25% trade discount)
March 25 Furniture/ac 50,000/-Rs
To bank/ac 50,000/-Rs
(Being furniture purchased by cheque)
March 26 Bank/ac 1,00,000/-Rs
To Haider and brother/ac 1,00,000/-Rs
(Cheques received from Haider and brother
Rs 1,00,000/- and deposited into bank same day)
March 27 Cash/ac 40,000/-Rs
To bank/ac 40,000/-Rs
(Being cash withdrawn from bank for office use.)
March 28 Advertisement/ac 20,000/-Rs
To bank/ac 20,000/-Rs
(Being advertisement paid by cheque.)
March 29 Cash/ac 10,000/-Rs
To commission received/ac 10,000/-Rs
(Commission received)
March 31 Bank charges/ac 5,000/-Rs
To bank/ac 5,000/-Rs
(Bank charges charged by bank.)

TOTAL OF JOURNAL = 1,65,80,500/-Rs 1,65,80,500/-Rs

LEDGER’S
 CASH ACCOUNT

DATE(D PARTICULARS AMOUNT DATE( PARTICULARS AMOUNT

r) Cr)
March 1 To capital a/c 20,00,000/- March 2 By Bank a/c 15,00,000/-

March27 To bank a/c 40,000/- March 6 By purchase a/c 4,00,000/-

March29 To commission 10,000/- March18 By carriage a/c 10,000/-

received a/c

March31 By balance c/d 1,40,000

20,50,000/- 20,50,000/-

April 1 To balance b/d 1,40,000/-

 CAPITAL ACCOUNT
DATE(D PARTICULARS AMOUNT DATE( PARTICULARS AMOUNT
r) Cr)
March31 To balance c/d 20,00,000/- March 1 By cash a/c 20,00,000/-

20,00,000/- 20,00,000/-

April 1 By balance b/d 20,00,000/-

BANK ACCOUNT
DATE(D PARTICULARS AMOUNT DATE(C PARTICULARS AMOUNT
r) r)
March 3 To cash a/c 15,00,000/- March 8 By machinery a/c 3,00,000/-
March 16 To sales a/c 6,00,000/- March 12 By computer a/c 30,000/-
March 26 To Haider & bro. a/c 1,00,000/- March 25 By furniture a/c 50,000/-
March 27 By cash a/c 40,000/-
March 22 By advertisement a/c 20,000/-
March 31 By bank charges a/c 5,000/-
March 31 By balance c/d 17,55,000/-
22,00,000/- 22,00,000/-
April 1 To balance b/d 17,55,000/-
 PURCHASE ACCOUNT
DATE(D PARTICULARS AMOUNT DATE(C PARTICULARS AMOUNT
r) r)
March 6 To cash a/c 4,00,000/- March 31 By trading a/c 4,00,000/-
4,00,000/- 4,00,000/-

CARRIAGE ACCOUNT
DATE(D PARTICULARS AMOUNT DATE(C PARTICULARS AMOUNT
r) r)
March27 To cash a/c 10,000/- March31 By trading a/c 10,000/-
10,000/- 10,000/-

MACHINERY ACCOUNT
DATE(Dr) PARTICULA AMOUNT DATE(Cr) PARTICULA AMOUNT
RS RS
March 8 To bank a/c 3,00,000/- March 31 By balance c/d 3,00,000/-
3,00,000/- 3,00,000/-

April 1 To balance b/d 3,00,000/-

 COMPUTER ACCOUNT
DATE(Dr) PARTICULA AMOUNT DATE(Cr) PARTICULA AMOUNT
RS RS
March 12 To bank a/c 30,000/- March 31 By balance c/d 30,000/-
30,000/- 30,000/-
April 1 To balance b/d 30,000/-

ADVERTISMENT ACCOUNT
DATE(Dr) PARTICULA AMOUNT DATE(Cr) PARTICULARS AMOUNT
RS
March 28 To bank a/c 20,000/- March 31 By profit & loss a/c 20,000/-
20,000/- 20,000/-

SALES ACCOUNT
DATE(Dr) PARTICULA AMOUNT DATE(Cr) PARTICULA AMOUNT
RS RS
March 31 To trading a/c 7,50,000/- March 16 By bank a/c 6,00,000/-
March 20 By haider & 1,50,000/-
bro. a/c
7,50,000/- 7,50,000/-
 HAIDER AND BROTHER ACCOUNT
( DEBTOR’S
DATE(Dr) )
PARTICULA AMOUNT DATE(Cr) PARTICULA AMOUNT
RS RS
March 20 To sales a/c 1,50,000/- March 26 By bank a/c 1,00,000/-
March 31 By balance c/d 50,000/-
1,50,000/- 1,50,000/-
April 1 To balance b/d 50,000/-

FURNITURE ACCOUNT
DATE(Dr) PARTICULA AMOUNT DATE(Cr) PARTICULA AMOUNT
RS RS
March 25 To bank a/c 50,000/- March 31 By balance c/d 50,000/-
50,000/- 50,000/-
April 1 To balance b/d 50,000/-

COMMISSION RECEIVED ACCOUNT

DATE(Dr) PARTCULAR AMOUNT DATE(Cr) PARTICULA AMOUNT
S RS
March 31 To profit & loss 10,000/- March 29 By cash a/c 10,000/-
a/c
10,000/- 10,000/-
 BANK CHARGES ACCOUNT
DATE(Dr) PARTICULA AMOUNT DATE(Cr) PARTICULA AMOUNT
RS RS
March 31 To bank a/c 5,000/- March 31 By loss & profit 5,000/-
a/c
5,000/- 5,000/-
TRIAL BALANCE
 AS ON 31st March, 2020
Name of Accounts Debit Balance (AMOUNT) Credit Balance (AMOUNT)
Cash account 1,40,000/-Rs — — — — —
Capital account — — — — — 20,00,000/-Rs
Bank account 17,55,000/-Rs — — — — —
Purchase account 4,00,000/-Rs — — — — —
Machinery account 3,00,000/-Rs — — — — —
Computer account 30,000/-Rs — — — — —
Sales account — — — — — 7,50,000/-Rs
Haider & BRO. account (Debtors) 50,000/-Rs — — — — —
Furniture account 50,000/-Rs — — — — —
Commission account — — — — — 10,000/-Rs
Carriage account 10,000/-Rs — — — — —
Advertisement account 20,000/Rs- — — — — —
Bank charges 5,000/-Rs — — — — —
TOTAL 27,60,000/-Rs 27,60,000/-Rs
BALANCE SHEET
 AS AT 31st March, 2020
LIABILITIES AMOUNT ASSETS AMOUNT

Capital 20,00,000/-Rs Machinery 3,00,000/-Rs

Net profit 3,45,000/-Rs Furniture 50,000/-Rs

23,45,000/-Rs Computer 30,000/-Rs

Debtors (Haider & BRO. 50,000/-Rs

)
Cash in hand 1,40,000/-Rs

Cash at bank 17,55,000/-Rs

Closing stock 20,000/-Rs

23,45,000/-Rs 23,45,000/-Rs
THANK YOU
!