| Sr. No. |
Journal enirjes | Debit | Credit | Effects | Accounting treatments based on equation |
| $1$ | Bank A/C Dr To Bharat A/C |
$20,000$ | $20,000$ |
Bank is receiver, ->Bank balance in creases. ->Debtors decrease. |
->Assets increased and decreased by the same amount of $20,000.$ ->Thus equation is satisfied. |
| $2$ | Drawing A/C Dr To Bank A/C |
$10,000$ | $10,000$ |
Drawings by owner, ->Capital decreases bank is giver, ->Bank balance decreases. |
->Assets and capital decreased by the same amount of $14,000.$ ->Thus equation is satisfied. |
| $3$ | Loss Due to Fire A/C Dr To Purchase A/C |
$2,500$ | $2,500$ |
Loss due to fire, ->Capital decreases goods destroyed by fire. ->Stock of goods decreases. |
->Assets and capital decreased by the same amount of $2,500.$ ->Thus equation is satisfied. |
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| $2014$ | |
| March | |
| $1$ | Goods of $Rs. 5000$ is purchased on cash. |
| $4$ | Goods of $Rs. Rs. 8000$ is purchased from Nandan on credit. |
| $7$ | Goods of $Rs. 4000$ is sold to Jigna. |
| $12$ | Commission received $Rs. 200.$ |
| $15$ | Wages expense paid $Rs. 150.$ |