Journal

Sr. No. Account Involved

Bank A/c
1
Share Capital
Building A/c
2
Bank A/c
Cash A/c
3
Bank A/c
Purchase A/c
4
Cash A/c
Furniture A/c
5
Bank A/c
Cash A/c
6
Sales A/c
Purchase A/c
7
Carriage A/c
Account Payable (D'zouza A/c)
Cash A/c
8
Discount A/c
Sales A/c
Bond GSDL A/c
9
Bank A/c
Bank A/c
10
Discount A/c
Sales A/c
Accounts payable (D'zouza A/c)
11
Purchase Return A/c
Bank A/c
Purchase A/c
12
Accounts Payable (Mazda A/c)
Account Receivable (Jagirdar A/c)
13
Sales A/c
Cash A/c
Account Receivable (Tikoo A/c)
14
Sales A/c
Cash A/c
Cash A/c
15
Sales A/c
Sales return A/c
16
Account Receivable (Jagirdar A/c)
Insurance claim A/c
17
Loss fire A/c
Purchase A/c
Bank A/c
18
Insurance claim A/c

Type of transaction
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Debit a/c
Credit a/c
Debit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Credit a/c
Debit a/c
Credit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c

19
20
21
22
23
24
25
26
27

28

29
30

Purchase A/c
Account Payable (Jahangir A/c)
Account Receivables (Johnson A/c)
Sales A/c
Cash A/c
Bad Debts A/c
Account Receivable (Jagirdar A/c)
Sales return A/c
Account Receivables (Johnson A/c)
Account Payable (Jahangir A/c)
Purchase return A/c
Goods Distributed sample A/c
Purchase A/c
Bank A/c
Sales A/c
Bank Charges A/c
insurance premium A/c
Bank A/c
bank a/c
Account Receivable (Tikoo A/c)
Advertisement
Electricity
Stationary
accountnts salary
Cash A/c
Salesman's Salary
Rent
Bank A/c
Bank A/c
Cash A/c

Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c
Debit a/c
Debit a/c
Debit a/c
Debit a/c
Credit a/c
Debit a/c
Debit a/c
Credit a/c
Debit a/c
Credit a/c

Amount
Debit
Credit
500,000.00
500,000.00
150,500.00
150,500.00

25,000.00

25,000.00

10,000.00

10,000.00

8,000.00

8,000.00

8,000.00

8,000.00

9,000.00

50.00

9,050.00

5,130.00

270.00

5,400.00

20,000.00

20,000.00

11,400.00

600.00

12,000.00

5,250.00

500.00

4,750.00

12,600.00

12,600.00

6,370.00

6,300.00

70.00

4,550.00

4,500.00

50.00

1,000.00

1,000.00

300.00

300.00

1,600.00

400.00

2,000.00

1,600.00

1,600.00

Account name
BankA/c
Description
Share capital
Building
Cash
Furniture
Bond
Sales A/c
D souza
Insurance
premium
tikoo
rent and salary
Cash
Share Capital
Description
Bank A/c
Building A/c
Description
Bank A/c
Cash A/c
Description
bank
purchase
sales
carriage
Jagirdar
misc.
bank
Purchase A/c
Description
cash
dsouza
mazda
fire
Jahangir
distributed goods
purchase return

8,000.00

10,400.00

10,400.00

6,070.00

650.00

500.00

200.00

10,000.00

500.00
200.00
10,000.00

400.00

8,000.00

650.00

20.00
1,000.00

3,642.00
2,428.00

Furniture

Sales
Description
cash
cash
bank
jagirdar
tikoo
cash
johnson
bank
Sales return
Carriage

1,020.00

400.00

500.00
100.00
200.00
400.00

1,200.00

2,000.00

1,500.00
500.00
30,000.00

852060

Description
bank

30,000.00
852060

Description
D souza
Accounts payable
Description
d souza
d souza
mazda
jahangir
jahangir
Accounts receivables
Description
jagirdar
tikoo
jagirdar
johnson
jagirdar
johnson
tikoo
Discount
Description

Account name
BankA/c
Debit
Credit
500,000.00
150,500.00
25,000.00
8,000.00
20,000.00
21,400.00
4,750.00
1,600.00
1,020.00
400.00
2,000.00
30,000.00
553,400.00
211,270.00
Share Capital
Debit
Credit
500,000.00

Account name
Bonds
Description
Cash
Insurance claim
Description
cash
cash
loss by fire
Description
Purchases
Bad debts
Description
jahangir
Goods Distributed samples
Description
Purcahses

Building A/c
Debit
Credit
150,500.00

Bank Charges
Description

Cash A/c
Debit

Credit
25,000.00

insurance premium
10,000.00

Description

14,130.00
120.00
3,642.00

42,772.00
Purchase A/c
Debit

Advertisement
1,200.00
30,000.00
41,320.00

Description
cash
Electricity

Credit

Description
cash

10,000.00
9,000.00
12,600.00

Stationary
2,000.00

8,000.00

39,600.00

200.00
1,000.00
3,200.00

Description
cash
Accountants salary
Description

Furniture
Debit

cash
Credit
8,000.00

Sales
Debit

rent
Description
bank

Credit
8,000.00
5,400.00
12,000.00
6,300.00
4,500.00
1,000.00
10,400.00
10,000.00
950.00

Carriage
Debit

Credit
50.00

ccounts payable
Debit

Credit
9,050.00

5,250.00
12,600.00
8,000.00
500.00

counts receivables
Debit
Credit
6,370.00
4,550.00
300.00
10,400.00
6,070.00
650.00
400.00
Discount
Debit

Credit
270.00
600.00

Salesman salary
Description
bank

count name
Bonds
Debit

Credit
20,000.00

urance claim
Debit

Credit
1,600.00
1,600.00

oss by fire
Debit

Credit
400.00

ad debts
Debit

Credit
2,428.00

stributed samples
Debit

Credit
200.00

nk Charges
Debit

Credit
20.00

ance premium
Debit

Credit
1,000.00

vertisement
Debit

Credit
500.00

lectricity
Debit

Credit
100.00

tationary
Debit

untants salary
Debit

Credit
200.00

Credit

 400.00
rent
Debit

Credit
500.00

sman salary
Debit

Credit
1,500.00

Trial Balance
Sr. No. Account Name
Debit Amount Credit Amount
1 Bank A/c
342,130.00
0.00
2 Share Capital
0.00
500,000.00
3 Building A/c
150,500.00
0.00
4 Cash A/c
1,452.00
0.00
5 Purchase A/c
36,400.00
0.00
6 Furniture
8,000.00
0.00
7 Sales A/c
0.00
56,650.00
8 Carriage
50.00
0.00
9 Accounts payable
0.00
23,900.00
10 Accounts receivable
13,900.00
0.00
11 Discount
870.00
0.00
12 Bonds
20,000.00
0.00
13 Insurance claim
0.00
0.00
14 loss by fire
400.00
0.00
15 bad debts
2,428.00
0.00
16 goods distributed as sample
200.00
0.00
17 bank charges
20.00
0.00
18 insurance premium
1,000.00
0.00
19 advertisements
500.00
0.00
20 electricity
100.00
0.00
21 stationary
200.00
0.00
22 accountants salary
400.00
0.00
23 salesman salary
1,500.00
0.00
24 rent
500.00
0.00
580,550.00
580,550.00

Sr. No. Assets

1 bank A/c
2 Building A/c
3 Cash A/c
4 Furniture
5 Accounts Receivable
6 Bonds

Balance Sheet
Amount (in Rs.) Liabilities
342,130.00 Share Capital
150,500.00 Accounts payable
1,452.00 Retained Earnings
8,000.00
13,900.00
20,000.00
535,982.00

Amount (in Rs.)

500,000.00
23,900.00
12,082.00

535,982.00

Sr. No. Expenses

1 Purchase
2 Carriage
3 Discount
4 Loss by fire
5 Bad debts
6 sample goods
7 bank charges
8 Insurance premium
9 advertisements
10 electricity
11 stationary
12 accountants salary
13 salesman salary
14 rent
15 Profit

Income Statement
Amount
36,400.00
50.00
870.00
400.00
2,428.00
200.00
20.00
1,000.00
500.00
100.00
200.00
400.00
1,500.00
500.00
12,082.00
56,650.00

Statement
Income
Sales

Amount
56,650.00

56,650.00