Roll No:78

Example No:1
Accounting Equation
[Link]. Transactions Assest= Laibilities+ Capital
1 Started business 250000 250000
Beginning equation 250000 250000
2 Deposited into bank
(Assets+ 25000
Assets- 25000)
New equation 250000 250000
3 Purchased computer on credit 25000 25000
New equation 275000 25000 250000
4 Goods purchased 0
(Assets+35000
Assest-35000)
New equation 275000 25000 250000
5 Loan taken 100000 100000
New equation 375000 125000 250000
6 goods sold on profit 2000 2000
New equation 377000 125000 252000
7 Advertisement and office exp -9000 -9000
New equation 368000 125000 243000
8 Commision received 4500 4500
New equation 372500 125000 247500
9 Printer purchased
(Assest +100000
Assest-100000)
Final equation 372500 125000 247500
Roll No:78

Example No:2
Accounting Equation
[Link]. Transactions Assest= Laibilities+ Capital
1 Started business with cash 300000 300000
Beginning equation 300000 300000
2 Loan taken from S.D bank 200000 200000
New equation 500000 200000 300000
3 Deposited into bank
(Assets+100000
Assests-100000)
New equation 500000 200000 300000
4 Harddisk,monitor,memmory purchased fron loyal computer
185000 185000
New equation 685000 385000 300000
5 Advertisement by cheque -50000 -50000
New equation 635000 385000 250000
6 Wquipment purchased on credit 100000 100000
New equation 735000 485000 250000
7 Cash paid to loyal computer -75000 -75000
Final equation 660000 410000 250000
Roll No:78 Question:1

Accounting Equation
[Link] Assest= Laibilities+
Capital
cash stock of goods
prepaid expenses
Creditors Capital
1 Started business 500000 500000
Beginning equation 500000 500000
2 Furniture purchased 35000 35000
New equation 500000 35000 35000 500000
3 goods purchased on cash -20000 20000
New equation 480000 55000 35000 500000
4 Purchased goods from ram on credit 5000 5000
New equation 480000 60000 40000 500000
5 Sold goods for cash 15000 -15000
New equation 495000 45000 40000 500000
6 Sold goods to Shyam on credit 8000 -8000
New equation 503000 37000 40000 500000
7 Paid to Ram -4000 -4000
New equation 499000 37000 36000 500000
8 Received from shyam 5000 5000
New equation 504000 37000 36000 505000
9 Paid cash to bank -25000 -25000
Finalequation 479000 37000 36000 480000
Roll no:78

Question No:2
Accounting Equation
[Link]. Transactions Assest= Laibilities+ Capital
1 Started business 500000 500000
Beginning equation 500000 500000
2 Purchased machinery on cash
(Assets=10000
Assets-10000)
New equation 500000 500000
3 purchased goods for cash
(Assets+25000
Assets-25000)
New equation 500000 500000
4 Purchased goodsfrom k on credit 15000 15000
New equation 515000 15000 500000
5 Sold goods for cash
(Assets +10000
Assets--10000)
New equation 515000 15000 500000
6 Paid to K -2000 -2000
New equation 513000 13000 500000
7 Sold goods to B on credit
(assets+3000
assets-3000)
New equation 513000 13000 500000
8 paid into bank -6000 -6000
New equation 507000 13000 494000
9 Paid to K by cheque -1000 -1000
New equation 506000 12000 494000
10 Received from B a cheque 2000 2000
Final Equation 508000 12000 496000
Roll no:78

Question No:3
Accounting Equation
Date Transactions Assets= Laibilities+ Capital
Jan 1 2018
Started business with cash and computer 6500000 6500000
Beginning Equation 6500000 6500000
jan 3 2018
Deposited into Standard Chartered and Nepal bank
(Assets+4000000
Assets-4000000)
New Equation 6500000 6500000
Jan 7 2018
furniture purchased on cash and credit 300000 300000
(Assests+500000
Assets-200000)
New Equation 6800000 300000 6500000
Jan 10Purchased
2018 raw material and paid through cheque
(Assets+1500000
Assets-1500000)
New Equation 6800000 300000 6500000
Jan 15Goods
2018 sold
(Assets-1000000
Assets+1000000)
New Equation 6800000 300000 6500000
Jan 20Advertisement,commission,internet
2018 exp paid -60000 -60000
(assets-25000
assets-25000
assets-10000)
New Equation 6740000 300000 6440000
Jan 25Paid
2018to creditor -100000 -100000
New Equation 6640000 200000 6440000
jan 30Rent
2018paid -44000 -44000
Final Equation 6596000 200000 6396000
Roll No:78

Question No:4
Accounting Equation
[Link]. Transactions Assets= LaibilitiesCapital
cash stock of goodsPrepaid expcreditor capital
1 Started business 200000 200000
Beginning Equation 200000 200000
2 Paid rent in advance -2000 2000
New Equation 198000 2000 200000
3 Purchased goods for cash and credit -45000 75000 30000
New Equation 153000 75000 2000 30000 200000
4 sold goods on profit 50000 -35000 15000
New Equation 203000 40000 2000 30000 215000
5 Paid salary and outsanding salary -7000 300 -7300
New Equation 196000 40000 2000 30300 207700
6 Bought motorcycle for personal use -15000 15000
Final Equation 181000 55000 2000 30300 207700
Roll No:78

Question No:5
Accounting equation
[Link]. Transactions Assets= Laibilities+
Capital
1 Started business with cash and goods 160000 160000
Beginning equation 160000 160000
2 Sold on credit 0
(asset-15000
asset+15000)
New equation 160000 160000
3 Commission received 44000 44000
New equation 204000 204000
4 Paid insurance including advance -5000 -5000
(assets-7000
asstes+2000)
New equation 199000 199000
5 Purchased equipment
(assets-20000
assets+20000)
New equation 199000 199000
6 Depreciation on equipment -1000 -1000
New equation 198000 198000
7 Received from debtors 2000 2000
Final equation 200000 200000
Roll No:78

Question No:6
Accounting Equation
[Link]. Transactions Assets= Laibilities+Capital
1 Started business by issuing share and cash 40000 2040000
Beginning Equation 40000 2040000
2 Cash received from loan 120000 120000
New equation 160000 120000 2040000
3 Purchased car wash,land ,buildimg & equipment
(assets-1500000
assets+1500000
assets+75000+25000+50000
assets-75000-25000-50000)
New equation 160000 120000 2040000
4 Cleaning supplies purchased 2500 2500
New equation 162500 122500 2040000
5 Paid to Distributor -1500 -1500
New equation 161000 121000 2040000
6 Gross receipt from car washes 7000 7000
New equation 168000 121000 2047000
7 Wages and salary paid -2000 -2000
New equation 166000 121000 2045000
8 Utility bill is paid -800 -800
New equation 165200 121000 2044200
9 Dividend paid -1000 -1000
Final Equation 164200 121000 2043200
Roll No:78

Question No:7
Accounting Equation
Liabilitie
[Link] Transactions Assets= Capital+ s
(a) Started a business of stock 40000 40000
Beginning Equation 40000 40000
Signed a promissory note at the bank received
(b) cash 150000 15000 150000
15000
New Equation 205000 15000 150000
© billed a client for service rendered by expert 4000 4000
New Equation 209000 59000 150000

(d) Paid bill from local newspaper -1300 -1300

New Equation 207700 57700 150000
(e) Received the amt billed to client 1000 1000
New Equation 208700 58700 150000
(f) Purchased a computer 8000
-8000
New Equation 208700 58700 150000
(g) Received Cash for services 2800 2800
New Equation 211500 61500 150000
(h) Paid of salaries and wages -3300 -3300
New Equation 208200 58200 150000
(i) Received and paid in gas, electric and waterbill -14000 -14000
Final Equation 194200 44200 150000
Roll No:78

Question No. 8
Accounting equation
Date Particular Assets= Liabilitie Capital
Baishakh 1 Started business 80000 80000
(assets +60000
assets +20000)
Beginning Equation 80000 80000
Baishakh 2 Deposited into bank 0
(assets +40000
assets -40000)
New Equation 80000 80000
Baishakh 3 Purchased furniture 0
(assets +5000
assets -5000)
New Equation 80000 80000
Baishakh 4 Purchased goods on cash 0
(assets +4000
assets -4000)
New Equation 80000 80000
Baishakh 5 Goods sold to Rubina 0
(assets -2500
assets +2500)
New Equation 80000 80000
Baishakh 6 Purchased from Ramesh co. 16000 16000
New Equation 96000 16000 80000
Baishakh 7 Sold goods on cash 0
(assets -10000
assets +10000)
New Equation 96000 16000 80000
Baishakh 8 Received from Rubina in full settlement -50 -50
(assets -2500
assets +2450)
New Equation 95950 16000 79950
Baishakh 9 Paid to Ramesh in full settlement 75 75
(assets -15925
assets +16000)
New Equation 96025 16000 80025
Baishakh 11 Withdrawn from bank for office use
(assets +2000
assets -2000)
New Equation 96025 16000 80025
Baishakh 12 Withdrawn fo personal use -500 -500
Final Equation 95525 16000 79525
Roll No:78

Question no:9
Accounting Equation
Liabilitie
Date Transactions Assets= Capital+ s
1-May Started a business of stock 18000 18000
Beginning Equation 18000 18000
1-May Purchased a bicycle 3000 3000
New Equation 21000 18000 3000
5-May Registered as vendor and paid fee -15 -15
New Equation 20985 17985 3000
9-May Purchased different stationery for cash 2500
1000
900
-4400
New Equation 20985 17985 3000
10-May Purchased miscellaneous supplies 100 100
New Equation 21085 17985 3100
15-May Paid bill for advertising -125 -125
New Equation 20960 17860 3100
17-May Rented bicycle to customer 1800 1800
New Equation 22760 19660 3100
24-May Billed for line skating lessons 1200 1200
New Equation 23960 20860 3100
29-May Received half billed amount 600
-600
New Equation 23960 20860 3100
30-May Rented bicycle and in line skates 3000 3000
New Equation 26960 23860 3100
30-May Paid wages -160 -160
New Equation 26800 23700 3100
31-May Paid outstanding bicycle due amount -3000 -3000
Final Equation 23800 23700 100
 Question No:1
Journal Entry
Date Particulars L.F. Debit(Rs) Credit(Rs)
2073 Baishak 1 Cash a/c dr 200000
To Capital a/c 200000
(being business started with cash)
2073 Baishak 2 Bank a/c dr 100000
To cash a/c 100000
(being cash deposited into bank)
2073 Baishak 4 Purchased a/c dr 50000
T0 cash a/c 30000
To creditors a/c 20000
(Being goods purchased from Prabisha on cash & credit
2073 Baishak 6 Debtor a/c dr 25000
To sales a/c 25000
(Being goods sold on cash)
2073 Baishak 8 Creditor a/c dr 20000
To bank a/c 19500
To discount a/c 500
(Being payment made and discount received)
2073 Baishak 9 Cash a/c dr 24500
Discount a/c dr 500
To debtor a/c 25000
(Being payment made by debtor and discount allowed)
 Question No:2
Journal Entry
Date Particulars L.F. Debit(Rs) Credit(Rs)
a Cash a/c dr 100000
Computer a/c dr 75000
To Capital a/c 175000
(Being business staerted with cash and computer)
b Bank a/c dr 70000
To cash a/c 70000
(Being cash deposited into bank)
c Raw materials a/c dr 85000
To Creditor a/c 85000
(being raw materials purchased on credit)
d Interest expenses a/c dr 4000
Advertisement a/c dr 4500
To cash a/c 8500
(Being expenses for interest and advertisement paid)
e Equipment a/c Dr 70000
To creditor a/c 70000
(Being equipment purchased on credit)
 Question No:3
Journal Entry
Date Particulars L.F. Debit(Rs) Credit(Rs)
a Cash a/c dr 450000
To capital a/c 450000
(Being [Link] invested cash in business)
Cash a/c dr 450000
To capital a/c 450000
(Being [Link] invested cash in business)
b Nepal Bank Ltd a/c dr 400000
STD Bank a/c dr 300000
To cash a/c 700000
(Being cash deposited)
c Purchased a/c dr 350000
To cash a/c 100000
To credit a/c 250000
(Being goods purchased on cash and credit)
d Computer a/c dr 85000
Printer a/c dr 15000
To Creditor a/c 100000
(Being computer & printer purchased on credit)
e Depreciation a/c dr 10000
To computer a/c 8500
To printer a/c 1500
(Being depreciation charged on computer & printer)
 Question No:4
Journal Entry
Date Particulars L.F. Debit(Rs) Credit(Rs)
a Cash a/c dr 200000
Computer a/c dr 300000
To ceditor a/c 250000
To capital a/c 250000
(Being business started with cash computer and creditor)
b Bank a/c dr 150000
To cash a/c 150000
(Being cash deposited into bank)
c Material a/c dr 30000
To cash a/c 20000
To creditor a/c 10000
(Being material purchased on cash on credit)
d Advertisement /c dr 5000
To purchase a/c 5000
(being free sample distributed)
e Depreciation a/c dr 30000
To cash a/c 30000
(being depreciation charged 10%)
 Question No:5
Journal Entry
Date Particulars L.F. Debit(Rs) Credit(Rs)
a Cash a/c dr 200000
To capital a/c 200000
(being business started with cash)
b Land and building a/c dr 150000
To cash a/c 150000
(being land and building purchased)
c Cash a/c dr 125000
To promissory a/c 125000
(being promissory notes taken)
d Office equipment a/c dr 50000
To cash a/c 10000
To creditors a/c 40000
(being office equipment purchased and partial payment made)
e Wages and salary a/c dr 13000
To cash a/c 13000
(being wages and salary paid)
f Creditors a/c dr 40000
To cash a/c 40000
(being creditors account cleared)
g Debtors a/c dr 24000
To service income a/c 24000
(being service income provided on credit)
h Wages and salary a/c dr 13000
To cash a/c 13000
(being wages and salary paid)
i Commission a/c dr 3500
To outstanding comission a/c 3500
(being commision unpaid for month)
 Example
Journal Entry
Date Particular LF ) Credit(Rs)
1-Jan Bank A/c Dr 50000
To capital A/c 50000
(Being increase in assets and equity accounts)

1-Jan Company Registration Expenses A/C Dr 750

To Bank A/c 750
(Being increase in expenses and decrease in assets
Account)

3-Jan Computer Equipment assets A/c Dr 500

To bank A/c 500
(Being increase in one assets account and a decrease
in another)

3-Jan Prepaid Rent A/c Dr 841.93

To Bank A/c 841.93
(Being Rent for 29 days starting from 3rd jan to 31st
jan (900*29/31=841.95)resulting in the creation of an
assets i.e. prepayment and decrease in asset bank
account)

3-Jan Estate Agent Commission A/c Dr 1000

To Bank A/c 1000
(Being increase in expenses and decrease in the assets
account)

4-Jan Capital A/c Dr 230

To Bank A/c 230
(Being decrease in both the capital and assets
account)

4-Jan Fuel Expenses A/c Dr 100

To payable to George A/c 100
(Being increase in both expenses and liability
account)

15-Jan Professional serives expenses A/c Dr 160

To payable to freelancer 160
(Being increase in both expenses and laibility
account)
20-Jan Capital A/c dr 1250
To bank A/c 1250

(Being decrease in both equity and assets account)

28-Jan Marketing Expenses A/c Dr 300

To Bank A/c 300
(Being increase in expenses and decrease in the assets
account)

31-Jan Salaries Expenses A/c Dr 6038.71

To Bank A/c 6038.71
(Being Salaries for 24 days = 7800*24/31=6038.71 as
an increase in the expenses and decrease in assets
account)

31-Jan Prepaid Rent for feb A/c Dr 900

To Bank A/c 900
(Being increase in two assets account i.e. prepayment
and bank)

31-Jan Rent expenses for the first month A/c Dr 841.93

To prepaid rent paid on 3rd jan A/c 841.93
(Being salaries for the month of jan and rent for feb is paid)
 Example :1
Journal Entry
Date Particulars L.F. Debit(Rs) Credit(Rs)
2005 100000
1-Jan Cash a/c dr 100000
To capital a/c
(Being capital brought in)
2-Jan Furniture a/c 20000
To cash a/c 20000
(Being furniture purchased for cash)
3-Jan Purchased a/c dr 60000
To cash a/c 60000
(Being goods purchased)
5-Jan Cash a/c dr 80000
To sales a/c 80000
(Being goods sold on cash)
6-Jan Salaries a/c dr 10000
To cash a/c 10000
(Being salaries paid)
 Ledger
Cash a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
1-Jan To capital a/c 100000 2-Jan By furniture a/c 20000
5-Jan to sales a/c 80000 3-Jan By purchased a/c 60000
6-Jan By salaries a/c 10000
6-Jan By balance c/d 90000
180000 180000

Capital a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
6-Jan By balance c/d 100000 1-Jan By cash a/c 100000
100000 100000

Furniture a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
2-Jan To cash a/c 20000 6-Jan By balance c/d 20000
20000 20000

Purchase a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
3-Jan To cash a/c 60000 6-Jan By balance c/d 60000
60000 60000

Sales a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
6-Jan To balance c/d 80000 5-Jan By cash a/c 80000
80000 80000

Salaries a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
6-Jan To cash a/c 10000 6-Jan By balanc4 c/d 10000
10000 10000
 Example:2
Journal Entry
Date Particulars L.F. Debit(Rs) Credit(Rs)
2005
1-Jan Cash a/c dr 80000
furniture a/c dr 20000
To capital a/c 100000
(being business started with cash and furniture)
2-Jan Purchased a/c dr 30000
To Y a/c 30000
(being gods purchased from Y)
3-Jan Cash a/c dr 16000
To sales a/c 16000
(being goods sold on cash)
4-Jan Sa/c dr 10000
To sales a/c 10000
(being goods sold to S on credit)
8-Jan Cash a/c dr 9800
Discount allowed a/c dr 200
To S a/c 10000
(being cash received from S and discount allowed)
 Ledger
Cash a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
1-Jan To capital a/c 80000 8-Jan By balance c/d 105800
3-Jan To sales a/c 16000
8-Jan To S a/c 9800
105800 105800

Capital a/c
Date Particulars J.R Amount Date Particulars J.R Amount
8-Jan To balance c/d 100000 1-Jan By cash a/c 80000
By furniture 20000
100000 100000

Furniture a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
1-Jan To capital a/c 20000 8-Jan By balance c/d 20000
20000 20000

Purchase a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
2-Jan To Y a/c 30000 8-Jan By balance c/d 30000
30000 30000

Y a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
8-Jan To balance c/d 30000 2-Jan By purchase a/c 30000
30000 30000

Sales a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
8-Jan To balance c/d 26000 3-Jan By cash a/c 16000
4-Jan By S a/c 10000
26000 26000
 S a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
4-Jan To sales a/c 10000 8-Jan By cash a/C 9800
By discount a/c 200
10000 10000

Discount a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2005 2005
8-Jan To S a/c 200 8-Jan By balance c/d 200
200 200
 Question No:1
Journal Entry
Date Particular L.F. Debit Credit
a. Cash a/c dr 750000
To capital a/c 600000
To creditor a/c 150000
(being business started)

b. Bank a/c dr 300000

To cash dr 300000
(being cash deposited into bank)

c. Purchase a/c dr 400000

To R & R a/c 400000
(being goods purchased on credit)

To cash a/c 250000

(being advertisement expenses paid)

e. R & R center a/c 200000

To cash a/c 200000
(bring cash paid to R & R center)

f. Computer a/c dr 90000

To Loyal Computer Center a/c 90000
(being computer purchased on credit)

g. Depreciation a/c dr 9000

To computer a/c 9000
(being depreciation charged on computer)

h. Loyal Computer center a/c dr 30000

To bank a/c 30000

(being cheque paid to Loyal computer center)

 Ledger
Bank a/c
J.
Date Particular J.F. Amount Date Particular F. Amount
b. To cash a/c 300000 h. By loyal computer centera/c 30000
By balance c/d 270000
300000 300000

R & R a/c
J.
Date Particular J.F. Amount Date Particular F Amount
e. To cash a/c 200000 c. By purchase a/c 400000
To balance c/d 200000
400000 400000

Computer a/c
J.
Date Particular J.F. Amount Date Particular F. Amount
f. To Loyal computer a/c 90000 g. By depreciation a/c 9000
By balance c/d 81000
9000 90000
 Question No. 2
Journal Entry

Date Particular L.F. Debit Credit

a. Hari a/c dr 20000
To sales a/c 20000
(being goods sold on credit)

b. Drawing a/c dr 5000

To cash a/c 5000
(being cash withdrawn for personal
use)

c. Goods lost by fire a/c dr 7000

To purchase a/c 7000
(being goods lost by fire)

d. Sales return a/c dr 2000

To Hari a/c 2000
(being goods returned by Hari)
 Ledger
Hari a/c

Date Particular J.F. Amount Date Particular J.F. Amount

a. To sales a/c 20000 d. By sales return a/c 2000
By balance c/d 18000
20000 20000

Goods a/c

Date Particular J.F. Amount Date Particular J.F. Amount

To balance c/d 7000 c. By goods lost by fire a/c 7000
7000 7000
 Question No:3
Journal Entry
Date Particulars L.F. Debit(Rs) Credit(Rs)
a K centre a/c 140000
To Sales a/c 140000
(being goods sold to K centre)
b Sales return a/c dr 5000
To K centre a/c 5000
(being goods return by K centre)
c K centre a/c 45000
To Sales a/c 45000
(being goods sold to K centre)
d Cash a/c dr 178000
Discount allowed a/c dr 2000
To M a/c 180000
(being cheque received From M in full settlement)
 Ledger
K center a/c
Date Particulars J.R Amount Date Particulars J.R Amount
a To sales a/c 140000 b by sales return 5000
c To sales a/c 45000 By balance c/d 180000
Total 185000 Total 185000
 Question No:4
Journal Entry
Date Particulars L.F. Debit(Rs) Credit(Rs)
a Purchase a/c dr 15000
To Rima a/c 15000
(being goods purchased from Rima)
b Furniture a/c dr 20000
To cash a/c 20000
(being furniture purchased)
c Rima dr 10000
To purchase return a/c 5000
To cash a/c 5000
(being cash paid to Rima and goods returned )
d Rima a/c dr 5000
To cash a/c 4500
To discount received a/c 500
(being cash paid to Rima and discount received)
 Ledger
Purchased a/c
Date Particulars J.R Amount Date Particulars J.R Amount
a To Rima a/c 15000 By balance c/d 15000
15000 15000

Rima a/c
Date Particulars J.R Amount Date Particulars J.R Amount
c To cash a/c 5000 a By purchase a/c 15000
To purchase return a/c 5000
d To cash a/c 4500
To discount received a/c 500
15000 15000

Furniture a/c
Date Particulars J.R Amount Date Particulars J.R Amount
b To cash a/c 20000 By balance c/d 20000
20000 20000

Cash a/c
Date Particulars J.R Amount Date Particulars J.R Amount
To balance c/d 25000 b By furniture a/c 20000
c By Rima a/c 5000
d By Rima a/c 4500
25000 25000

Purchased return a/c

Date Particulars J.R Amount Date Particulars J.R Amount
To balance c/d 5000 c By Rima a/c 5000
5000 5000

Discount received a/c

Date Particulars J.R Amount Date Particulars J.R Amount
To balance c/d 500 d By Rima a/c 500
500 500
 Question no:5
Journal Entry
Date Particulars [Link](Rs) Credit(Rs)
1-Oct Bank a/c dr 66000
To share capital a/c 66000
(being business started)
2-Oct Land a/c dr 15000
Building a/c dr 75000
To bank a/c 9000
To promissory note a/c 81000
(Being land & building purchased &5 year promisory note made
3-Oct Table & chairs a/c dr 25000
To bank a/c 5000
To creditors a/c 20000
(being table & chairs purchased)
9-Oct Purchase a/c dr 3500
To cash a/c 3500
(being roller stakes purchased)
12-Oct Purchase a/c dr 2500
To creditors a/c 2500
(being foods & drinks purchased on credit)
13-Oct Cash a/c dr 400
Debtors a/c dr 350
To sales a/c 750
(being tickets sold)
17-Oct Short-term receivable a/c dr 325
Debtor a/c dr 325
To rent income a/c 750
(being roller rink rented)
23-Oct Cash a/c dr 350
To debtor a/c 350
(being 50% amount bill received)
24-Oct Cash a/c dr 500
Debtor a/c dr 700
To sales a/c 1200
(being tickets sold)
26-Oct Dividend a/c dr 750
To cash a/c 750
(being dividend paid)
27-Oct Utilities expenses a/c dr 1275
To cash a/c 1275
(being paid for utilities)
30-Oct Wages & salaries a/c dr 2250
To cash a/c 2250
 (being wages and salaries paid)

31-Oct Cash a/c dr 700

Debtor a/c dr 600 1300
To sales a/c
(being tickets sold)
 Ledger
Bank a/c
Date Particulars J.R Amount Date Particulars J.R Amount
1-Oct To share capital a/c 66000 2-Oct By land & building a/c 9000
3-Oct By table and chair a/c 5000
31-Oct By balance c/d 52000
66000 66000

Share capital a/c

Date Particulars J.R Amount Date Particulars J.R Amount
31-Oct To balance c/d 66000 1-Oct By bank a/c 66000
66000 66000

Land a/c
Date Particulars J.R Amount Date Particulars J.R Amount

2-Oct To balance c/d 15000 31-Oct By balance c/d 15000

15000 15000

Building a/c
Date Particulars J.R Amount Date Particulars J.R Amount

2-Oct To balance c/d 75000 31-Oct By balance c/d 75000

75000 75000

Promisory Note a/c

Date Particulars J.R Amount Date Particulars J.R Amount

31-Oct To balance c/d 81000 2-Oct By balance b/d 81000

81000 81000

Table and chairs a/c

Date Particulars J.R Amount Date Particulars J.R Amount

3-Oct To balance b/d 25000 31-Oct By balance c/d 25000

25000 25000

Creditors a/c
Date Particulars J.R Amount Date Particulars J.R Amount
 31-Oct To balance c/d 22500 3-Oct By table and chair a/c 20000

12-Oct By purchase a/c 2500

22500 22500

Purchase a/c
Date Particulars J.R Amount Date Particulars J.R Amount

9-Oct To cash a/c 3500 31-Oct By balance c/d 6000

12-Oct To Creditor a/c 2500

6000 6000

cash a/c
Date Particulars J.R Amount Date Particulars J.R Amount

13-Oct To sales a/c 400 9-Oct By purchase a/c 3500

By dividend expenses
23-Oct To short term receivable a/c 375 26-Oct a/c 750

24-Oct To sales a/c 500 27-Oct By Utilities expenses a/c 1275

31-Oct To sales a/c 700 30-Oct By Wages and Salaries a/c 2250

31-Oct To balance c/d 5800

7775 7775

Debtors a/c
Date Particulars J.R Amount Date Particulars J.R Amount

13-Oct To sales a/c 350 31-Oct By balance c/d 1975

 17-Oct To Rent income a/c 325

24-Oct To sales a/c 700

31-Oct To sales a/c 600

1975 1975

Sales a/c
Date Particulars J.R Amount Date Particulars J.R Amount

31-Oct To balance c/d 3250 13-Oct By balance c/d 750

24-Oct By balance c/d 1200

31-Oct By balance c/d 1300

3250 3250

Short term receivable a/c

Date Particulars J.R Amount Date Particulars J.R Amount

17-Oct To Rent income a/c 325 23-Oct By cash a/c 325

325 325

Rent income a/c

Date Particulars J.R Amount Date Particulars J.R Amount

31-Oct To balance c/d 750 17-Oct By balance c/d 750

750 750

Dividend a/c
Date Particulars J.R Amount Date Particulars J.R Amount

26-Oct To cash a/c 750 31-Oct By balance c/d 750

750 750
 Utilities a/c
Date Particulars J.R Amount Date Particulars J.R Amount

27-Oct To cash a/c 1275 31-Oct By balance c/d 1275

1275 1275

Wages &salaries a/c

Date Particulars J.R Amount Date Particulars J.R Amount

30-Oct To cash A/C 2250 31-Oct By balance c/d 2250

2250 2250
 Question No:1
Trial balance
[Link]. Transactions LF Debit(Rs) Credit(Rs)
1 Opening stock 5100
2 Machinery 6000
3 Furniture 450
4 Debtors 11400
5 Bank balance 5460
6 Cash in hand 210
7 Purchase 9000
8 Discount allowed 300
9 Bills receivable 510
10 Sales return 400
11 Carriage 390
12 Insurance 240
13 Printing and stationary 150
14 Rent and tax 1680
15 Salaries 1140
16 Creditors 13500
17 Sales 16500
18 Capital 11430
19 Bills payable 300
20 Purchase return 600
Suspense 100
Total 42430 42430
 Question No:2
Journal Entry
Date Particulars [Link](Rs) Credit(Rs)
2012'
1-Jan Cash a/c dr 20000
To capital a/c 20000
(being business started)
2-Jan Victorian a/c dr 50000
To cash a/c 50000
(being victorian purchased)
3-Jan Promissory a/c dr 30000
To cash a/c 30000
(being promissory note made)
4-Jan Furniture a/c dr 15000
To cash a/c 15000
(being furniture purchased)
5-Jan Insurance policy a/c dr 6000
To cash a/c 6000
(being insurance policy purchased)
6-Jan Advertisement a/c dr 450
To cash a/c 450
(being advertisement placed)
7-Jan cleaning supplies a/c dr 950
To creditors a/c 950
(being cleaning supplies purchased on credit)
15-Jan Wages a/c dr 4230
To cash a/c 4230
(being wages paid)
16-Jan Casha/c dr 980
To guest a/c 980
(being guest mails the busines cash deposited)
31-Jan Cash a/c dr 8300
To rental a/c 8300
(being rental from rooms received)
31-Jan Cash a/c dr 6600
To service income a/c 6600
(being cash received from operation of resturant)
31-Jan Dividend a/c dr 200
To cash a/c 200
(being dividend paid)
 Ledger
Cash a/c
Date Particulars J.R Amount Date Particulars J.R Amount
1-Jan To capital a/c 20000 2-Jan By victorian a/c 50000
16-Jan Toguest a/c 980 3-Jan By promissory a/c 30000
31-Jan To rental a/c 8300 4-Jan By furniture a/c 15000
31-Jan To service a/c 6600 5-Jan By insurance policy a/c 6000
31-Jan To balance c/d 70000 6-Jan By advertisement a/c 450
15-Jan By wages a/c 4230
31-Jan By divdiend a/c 200
105880 105880

Capital a/c
Date Particulars J.R Amount Date Particulars J.R Amount
Jan-32 To balance c/d 20000 2-Jan By cash A/C 20000
20000 20000

Promissory a/c
Date Particulars J.R Amount Date Particulars J.R Amount
3-Jan To cash a/c 30000 Jan-32 By balance c/d 30000
30000 30000

Victorian a/c
Date Particulars J.R Amount Date Particulars J.R Amount
2-Jan To cash a/c 50000 Jan-32 By balance c/d 50000
50000 50000

Furniture a/c
Date Particulars J.R Amount Date Particulars J.R Amount
4-Jan To cash a/c 15000 Jan-32 By balance c/d 15000
15000 15000

Insurance policy a/c

Date Particulars J.R Amount Date Particulars J.R Amount
5-Jan To cash a/c 6000 Jan-32 By balance c/d 6000
6000 6000

Advertisement a/c
Date Particulars J.R Amount Date Particulars J.R Amount
6-Jan To cash a/c 450 Jan-32 By balance c/d 450
450 450
Cleaning supplies a/c
Date Particulars J.R Amount Date Particulars J.R Amount
7-Jan To Creditor a/c 950 Jan-32 By balance c/d 950
950 950
 Creditors a/c
Date Particulars J.R Amount Date Particulars J.R Amount
Jan-32 To balance c/d 950 2-Jan By cleaning supplies a/c 950
950 950

Wages a/c
Date Particulars J.R Amount Date Particulars J.R Amount
15-Jan To cash a/c 4230 Jan-32 By balance c/d 4230
4230 4230

Guest a/c
Date Particulars J.R Amount Date Particulars J.R Amount
Jan-32 To balance c/d 980 16-Jan By cash A/C 980
980 980

Rent a/c
Date Particulars J.R Amount Date Particulars J.R Amount
Jan-32 To balance c/d 8300 31-Jan By cash A/C 8300
8300 8300

Service income a/c

Date Particulars J.R Amount Date Particulars J.R Amount
Jan-32 To balance c/d 6600 31-Jan By cash A/C 6600
6600 6600

Dividend a/c
Date Particulars J.R Amount Date Particulars J.R Amount
31-Jan To cash a/c 200 Jan-32 By balance c/d 200
200 200
 Trial balance
[Link]. Transactions LF Debit(Rs) Credit(Rs)
1 Cash 70000
2 Capital 20000
3 Victorian 50000
4 Promissory note 30000
5 Furniture 15000
6 Insurance 6000
7 Advertisement 450
8 Cleaning supplies 950
9 Creditors 950
10 Wages 4230
11 Guest 980
12 Rent 8300
13 Service income 6600
14 Dividend 200
Total 106830 106830
 Question No. 3

Journal Entry
L.F
Date Particular . Debit Credit
a. Cash a/c dr 19500
To capital a/c 19500
(being business started)

b. Office supplies a/c dr 130

To cash a/c 130

(being office supply purchased)

c. Van a/c dr 15000

To creditor a/c 15000

(being van purchased in credit)

d. Cash a/c dr 125

To service income a/c 125
(being service provided to customer)

e. Debtors a/c dr 200

To service income a/c 200
(being service provided in credit)

f. Creditors a/c dr 15000

To cash a/c 15000
(being cash paid to creditors)

g. Cash a/c dr 200

To debtors a/c 200

(being cash collected from debtors)
 Ledger
Cash a/c
J.F
Date Particular J.F. Amount Date Particular . Amount

a. To capital a/c 19500 b. By office supplies a/c 130

d. To service income a/c 125 f. By creditors a/c 15000
g. To debtors a/c 200 By balance c/d 4695
19825 19825

Capital a/c
J.F
Date Particular J.F. Amount Date Particular . Amount
By balance c/d 19500 a. By cash a/c 19500
19500 19500

Office supplies a/c

J.F
Date Particular J.F. Amount Date Particular . Amount
b. To cash a/c 130 By balance c/d 130
130 130

Van a/c
J.F
Date Particular J.F. Amount Date Particular . Amount
c. To creditor a/c 15000 By balance c/d 15000
15000 15000

Creditors a/c
J.F
Date Particular J.F. Amount Date Particular . Amount
f. To cash a/c 15000 c. By van a/c 15000
15000 15000

Service income a/c

J.F
Date Particular J.F. Amount Date Particular . Amount
To balance c/d 325 d. By cash a/c 125
e. By debtors a/c 200
325 325
 Debtors a/c
J.F
Date Particular J.F. Amount Date Particular . Amount
e. To service income a/c 200 g. By cash a/c 200
200 200
 Trial balance
[Link]. Transactions LF Debit(Rs) Credit(Rs)
1 Cash a/c 4695
2 Office supplies a/c 130
3 Van a/c 15000
4 Capital a/c 19500
5 Service income a/c 325
Total 19825 19825
 Question No:4
Trial balance
[Link]. Transactions LF Debit(Rs) Credit(Rs)
1 Accounts receivable 5325
2 Automobiles 9200
3 Builiding 150000
4 Cash 10500
5 Dividends 2000
6 Equipment 85000
7 Heat, Light 1400
8 Income tax 1700
9 Interest revenue 1300
10 Land 50000
11 Office salary 6000
12 Office supplies 500
13 Accounts Payable 7650
14 Capital stock 100000
15 Commission revenue 12750
16 Income tax payable 2500
17 Note payable 90000
18 Retained earning 110025
Total 322925 322925
 Question No. 5
Journal entry

Date Particular L.F. Debit Credit

2-Jan Cash a/c dr 100000
To capital a/c 100000
(being business started with cash)

3-Jan Land a/c dr 20000

Warehouse a/c 60000
To cash a/c 80000

(being land and warehouse purchased in cash)

4-Jan Cash a/c dr 50000

To promissory note a/c 50000
(being promissory note signed)

6-Jan Truck a/c dr 45000

To cash a/c 45000
(being truck purchased on cash)

31-Jan Cash a/c dr 7490

Debtors a/c dr 8410
To service income a/c 15900
(being service provided in credit)

31-Jan Gas and oil a/c dr 3230

To creditors a/c 3230
(being gas and oil purchased on credit)
 Ledger
Cash a/c
J.F J.
Date Particular . Amount Date Particular F. Amount
2-Jan To capital a/c 100000 3-Jan By land a/c 20000
4-Jan To promissory note a/c 50000 3-Jan By warehouse a/c 60000
31-Jan To service income a/c 7490 6-Jan By truck a/c 45000
31-Jan By balance c/d 32490
157490 157490

Capital a/c
J.F J.
Date Particular . Amount Date Particular F. Amount
31-Jan To balance c/d 100000 2-Jan By cash a/c 100000
100000 100000

Land a/c
J.F J.
Date Particular . Amount Date Particular F. Amount
3-Jan To cash a/c 20000 31-Jan By balance c/d 20000
20000 20000

Warehouse a/c
J.F J.
Date Particular . Amount Date Particular F. Amount
3-Jan To cash a/c 60000 31-Jan By balance c/d 60000
60000 60000

Promissory note a/c

J.F J.
Date Particular . Amount Date Particular F. Amount
31-Jan To balance c/d 50000 4-Jan By cash a/c 50000
50000 50000

Truck a/c
J.F J.
Date Particular . Amount Date Particular F. Amount
6-Jan To cash a/c 45000 31-Jan By balance c/d 45000
45000 45000
 Debtors a/c
J.F J.
Date Particular . Amount Date Particular F. Amount
31-Jan To service income a/c 8410 31-Jan By balance c/d 8410
8410 8410

Service income a/c

J.F J.
Date Particular . Amount Date Particular F. Amount
31-Jan To balance c/d 15900 31-Jan By cash a/c 7490
31-Jan By debtors a/c 8410
15900 15900
Gas and oil a/c
J.F J.
Date Particular . Amount Date Particular F. Amount
31-Jan To creditors a/c 3230 31-Jan By balance c/d 3230
3230 3230

Creditors a/c
J.F J.
Date Particular . Amount Date Particular F. Amount
31-Jan To balance c/d 3230 31-Jan By gas and oil a/c 3230
3230 3230
 Trial balance
[Link]. Transactions LF Debit(Rs) Credit(Rs)
1 Cash a/c 32490
2 Land a/c 20000
3 Warehouse a/c 60000
4 Truck a/c 45000
5 Debtors a/c 8410
6 Gas and oil a/c 3230
7 Capital a/c 100000
8 Promissory note a/c 50000
9 Service income a/c 15900
10 Creditors a/c 3230
Total 169130 169130
 Question No:4
Trial balance
[Link]. Transactions LF Debit(Rs) Credit(Rs)
1 Accounts receivable 5325
2 Automobiles 9200
3 Builiding 150000
4 Cash 10500
5 Dividends 2000
6 Equipment 85000
7 Heat, Light 1400
8 Income tax 1700
9 Interest revenue 1300
10 Land 50000
11 Office salary 6000
12 Office supplies 500
13 Accounts Payable 7650
14 Capital stock 100000
15 Commission revenue 12750
16 Income tax payable 2500
17 Note payable 90000
18 Retained earning 110025
Total 322925 322925