Mr. Ajay Started Business with Rs. 60,000
Cash a/c > Real a/c > Comes >Dr.
Capital a/c > Personal a/c > Giver> Cr.
uEntry:-
Cash a/c ……………….Dr. 60,000
To Capital a/c 60,000
(Being Cash involved in the
business )
Mr. Ajay withdrew cash from business Rs. 1000
Cash a/c > Real a/c > Go >Cr.
Drawing a/c > Personal a/c > Receiver> Dr.
uEntry:-
Drawing a/c ……………….Dr. 1,000
To Cash a/c 1,000
(Being Cash withdrew for personal
use. )
Purchased
Goods for Cash Rs. 25,000
Cash a/c > Real a/c > Go >Cr.
Purchases a/c > Real a/c > Comes> Dr.
uEntry:-
Purchases a/c ……………….Dr.
25,000
To Cash a/c 25,000
(Being purchases goods for cash.
)
Purchased
Goods from Mr.
Bansal for cash Rs. 10,000
Cash a/c > Real a/c > Go >Cr.
Purchases a/c > Real a/c > Comes> Dr.
Entry:-
Purchases a/c ……Dr.
10,000
To Cash a/c 10,000
(Being purchases goods for cash.
)
Purchased Goods from Mr. Bansal on credit Rs. 15,000
Bansal a/c > Personal a/c > Giver >Cr.
Purchases a/c > Real a/c > Comes> Dr.
Entry:-
Purchases a/c ……………….Dr. 15,000
To Bansal a/c 15,000
(Being purchases goods on credit. )
Sold goods for cash Rs.
20,000
Cash a/c > Real a/c > Come >Dr.
Sales a/c > Real a/c > Go> Cr.
Entry:-
Cash a/c ……………….Dr. 20,000
To Sales a/c 20,000
(Being sold goods for cash. )
Cash a/c > Real a/c > Come >Dr.
Sales a/c > Real a/c > Go> Cr.
Entry:-
Cash a/c ……………….Dr. 20,000
To Sales a/c 20,000
(Being sold goods for cash. )
Sold goods to Mr. Charles on credit Rs. 8000
Charles a/c > Personal a/c >Receiver>Dr.
Sales a/c > Real a/c > Go> Cr.
Entry:-
Charles a/c ……………….Dr. 8,000
To Sales a/c 8,000
(Being sold goods on credit.)
Charles a/c > Personal a/c >Receiver>Dr.
Sales a/c > Real a/c > Go> Cr.
Entry:-
Charles a/c ……………….Dr. 8,000
To Sales a/c 8,000
(Being sold goods on credit.)
Purchased Furniture for cash Rs. 16,000
Cash a/c > Real a/c > Go >Cr.
Furniture a/c > Real a/c > Comes> Dr.
Entry:-
Furniture a/c ……………….Dr. 16,000
To Cash a/c 16,000
(Being purchases furniture for cash.)
Paid Rent for cash Rs. 2000Cash a/c > Real a/c > Go >Cr.
Furniture a/c > Real a/c > Comes> Dr.
Entry:-
Furniture a/c ……………….Dr. 16,000
To Cash a/c 16,000
(Being purchases furniture for cash.)
Rent a/c > Nominal a/c > Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Rent a/c ………….Dr. 2,000
To Cash a/c 2,000
(Being rent paid for cash. )
Ele. Bill a/c > Nominal a/c > Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Ele. Bill a/c ……………….Dr. 500
To Cash a/c 500
(Being Ele. Bill paid for cash. )
Wages a/c > Nominal a/c > Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Wages a/c ……………….Dr. 500
To Cash a/c 500
(Being wages paid for cash. )
Carriage a/c > Nominal a/c > Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Carriage a/c ……………….Dr. 500
To Cash a/c 500
(Being Carriage paid for cash. )
Postage & Tel. a/c>Nominal a/c>Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Postage & Tel. a/c …….Dr. 500
To Cash a/c 500
(Being Postage & Tel. paid for cash. )
Telephone Bill a/c>Nominal a/c>Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Telephone Bill a/c …….Dr. 500
To Cash a/c 500
(Being Telephone paid for cash. )
Printin Exp. a/c>Nominal a/c>Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Printing Exp. a/c …….Dr. 500
To Cash a/c 500
(Being printing exp. paid for cash. )
Commission a/c>Nominal a/c>Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Commission a/c …….Dr. 500
To Cash a/c 500
(Being commission paid for cash. )
Insurance Premium a/c>Nominal a/c>Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Commission a/c …….Dr. 500
To Cash a/c 500
(Being commission paid for cash. )
Freight Charge a/c>Nominal a/c>Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Freight charge a/c …….Dr. 500
To Cash a/c 500
(Being freight charge paid for cash. )
Audit fee a/c>Nominal a/c>Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Audit fee a/c …….Dr. 500
To Cash a/c 500
(Being Audit paid for cash. )
Advertising Exp. a/c>Nominal a/c>Expense>Dr.
Cash a/c > Real a/c > Go> Cr.
Entry:-
Advertising Exp. a/c …….Dr. 500
To Cash a/c 500
(Being advertising exp. paid for cash. )
Loss by fire a/c>Nominal a/c>Expense>Dr.
Purchases a/c >Real a/c>Go>Cr.
Furniture a/c>Real a/c> Go>Cr.
Building a/c>Real a/c>Go>Cr.
CCTV a/c>Real a/c>GoCr.
Entry:-
Loss by fire a/c ………Dr. 5,00,000
To Purchases a/c 3,00,000
To Furniture a/c 35,000
To Building a/c 1,50,000
To CCTV Camera a/c 15,000
(Being Godown burn by fire.)
Loss by fire Rs.5,00,000 (Burning of goods)
Loss by fire a/c>Nominal a/c>Expense>Dr.
Purchases a/c >Real a/c>Go>Cr.
Entry
Loss by fire a/c ………Dr.3,00,000
To Purchases a/c 3,00,000
(Being Godown burn by fire.)
Loss by fire a/c>Nominal a/c>Expense>Dr.
Furniture a/c >Real a/c>Go>Cr.
Entry
Loss by fire a/c ………Dr.35,000
To Furniture a/c 35,000
(Being Godown burn by fire.)
Loss by fire Rs. 5,00,000 (Burning of Building )
Loss by fire a/c>Nominal a/c>Expense>Dr.
Building a/c >Real a/c>Go>Cr.
Entry
Loss by fire a/c ………Dr.1,50,000
To Building a/c 1,50,000
(Being Godown burn by fire.)
Loss by fire a/c>Nominal a/c>Expense>Dr.
Building a/c >Real a/c>Go>Cr.
Entry
Loss by fire a/c ………Dr.1,50,000
To Building a/c 1,50,000
(Being Godown burn by fire.)
Loss by fire Rs. 5,00,000 (Burning of CCTV Camera )
Loss by fire a/c>Nominal a/c>Expense>Dr.
CCTV camera a/c >Real a/c>Go>Cr.
Entry
Loss by fire a/c ………Dr.1,50,000
To CCTV camera a/c 1,50,000
(Being Godown burn by fire.)
Loss by fire a/c>Nominal a/c>Expense>Dr.
CCTV camera a/c >Real a/c>Go>Cr.
Entry
Loss by fire a/c ………Dr.1,50,000
To CCTV camera a/c 1,50,000
(Being Godown burn by fire.)
Purchaeses Machine from Laxmi Machinary for cash.
Rs. 2,00,000
Machinary a/c >Real a/c>Come>Dr.
Cash a/c >Real a/c>Go>Cr.
Entry
Machinary a/c ………Dr.2,00,000
To Cash a/c 2,00,000
(Being Machine purchase for cash.)
Purchaeses Machine from Laxmi Machinary on credit.
Rs. 2,00,000
Machinary a/c >Real a/c>Come>Dr.
Laxmi Machinary a/c >Personal a/c>Giver>Cr.
Entry
Machinary a/c ……….Dr. 2,00,000
To Laxmi Machinary a/c 2,00,000
(Being Machine purchase on credit.)
Depreciation charge on machine(Value of machinery Rs 2,00,000) @ 10% per annual
Depreciation a/c >Nominal a/c>Expense>Dr.Machinery a/c >Real a/c>Go>Cr.
Entry
Depreciation a/c ……….Dr. 20,000
To Laxmi Machinary a/c 20,000
(Being depreciation charge on machinery.)
Rs. 2,00,000
Machinary a/c >Real a/c>Come>Dr.
Cash a/c >Real a/c>Go>Cr.
Entry
Machinary a/c ………Dr.2,00,000
To Cash a/c 2,00,000
(Being Machine purchase for cash.)
Purchaeses Machine from Laxmi Machinary on credit.
Rs. 2,00,000
Machinary a/c >Real a/c>Come>Dr.
Laxmi Machinary a/c >Personal a/c>Giver>Cr.
Entry
Machinary a/c ……….Dr. 2,00,000
To Laxmi Machinary a/c 2,00,000
(Being Machine purchase on credit.)
Depreciation charge on machine(Value of machinery Rs 2,00,000) @ 10% per annual
Depreciation a/c >Nominal a/c>Expense>Dr.Machinery a/c >Real a/c>Go>Cr.
Entry
Depreciation a/c ……….Dr. 20,000
To Laxmi Machinary a/c 20,000
(Being depreciation charge on machinery.)
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