| Sr. No. |
Journal enirjes | Debit | Credit | Effects | Accounting treatments based on equation |
| $1$ | Rajesh A/C Dr To Purchase return A/C |
$1,000$ | $1,000$ |
Creditor Rajesh is receiver. ->Liability decreases goods destroyed by fire. ->Asset decreases. |
->Assets and Liabilities decreased by the same amount of $1,000.$ ->Thus equation is satisfied. |
| $2$ | Salary A/C Dr To Outstanding salary A/C |
$3,000$ | $3,000$ |
Salary is an expense, ->Capital decreases due to outstanding salary. ->Liability increases. |
->Liabilities increased and capital decreased by the same amount of $3,000$. ->Thus equation is satisfied. |
| $3$ | Computer A/C Dr To Krishna A/C |
$10,000$ | $10,000$ |
Computer comes in ->Asset increases Krishna is creditor ->Liability increases. |
->Assets and Liabilities increased by the same amount of $10,000$. ->Thus equation is satisfied. |
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| Name of A/c | Amt.(Rs.) | Name of A/c | Amt.(Rs.) |
| Capital account | $2,10,400$ | $10 \%$ government securities | $25,000$ |
| Drawings account | $10,000$ | Opening stock | $75,000$ |
| Debtors | $43,750$ | Purchase account | $73,250$ |
| Creditors | $35,600$ | Sales account | $1,06,000$ |
| Cash | $88,050$ | Purchase return account | $9250$ |
| Furniture | $25,000$ | Sales return account | $6250$ |
| Bank balance | $39,900$ | Goods withdrawn for personal use | $5000$ |
| Commission received | $1500$ | Bank loan | $25,000$ |
| Bank commission | $350$ | Discount allowed | $5000$ |
| Electricity expenses | $6200$ | Discount received | $1500$ |
| Wages | $1500$ | Carriage | $1000$ |
| Salary | $5000$ | Loss due to fire | $3000$ |
| Goods destroyed by fire | $15,000$ | Telephone expenses | $1000$ |
| $2015$ | ||
| July | $1$ | Opening bank overdraft $Rs. 13,500.$ |
| $2$ | Goods of $Rs. 5,000$ sold to Premal, against which he issued a cheque of $Rs. 4,950$ in settlement of account, which is immediately deposited in the bank. | |
| $8$ | Goods of $Rs. 6,000$ purchased and a cheque is issued for the necessary amount. | |
| $10$ | Cheque of $Rs. 5,000$ is received from Gitaben in full settlement of account of $Rs. 5,060.$ | |
| $15$ | Cheque of $Rs. 7,000$ issued to Aradhana in full settlement of the debt of $Rs. 7,015.$ | |
| $20$ | Goods of $Rs. 16,000$ sold to Kajol, for which she issued a cheque of the necessary amount, which is deposited in the bank. | |
| $25$ | Cash of $Rs. 2,000$ deposited in the bank. | |
| $29$ | Cheque issued by Kajol is dishonoured. | |