| Sr. No. |
Journal enirjes | Debit | Credit | Effects | Accounting treatments based on equation |
| $1$ | Cash A./C Dr To Shripad’s loan A/C |
$35,000$ | $35,000$ |
Cash Comes in : -> Increase in asset capital given by owner. -> Increase in Liability. |
->Assets and Liability have increased by the same amount of $35,000$. ->Thus equation is satisfied. |
| $2$ | Jaydeep A/C Dr To Cash A/C |
$26,000$ | $26,000$ |
Jaydeep is buyer -> Debtors increase by a $26,000$ goods go out, -> Stock decrease by $20,000$ sales profit $6,000,$ -> Capital increase. |
->Total Assets increase by $6,000 (26,000-20,000)$ with amount. Capital also increase. -> Debtors increases by $26,000$ while stock of goods decreased by $20,000.$ -> Thus equation is satisfied. |
| $3$ | Cash A/C Dr To Commotion A/C |
$3,000$ | $3,000$ |
Cash comes in ->Increase in Asset commission income received. -> Increase in Capital |
-> Assets and Capital have increased by the same amount of $3,000$. -> Thus equation is satisfied. |
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| $2015$ | ||
| April | $1$ | Opening cash balance $Rs. 5,500.$ |
| $3$ | Goods of $Rs. 4,000$ sold at $10 \%$ cash discount. | |
| $4$ | Goods of $Rs. 3,000$ sold at $10 \%$ trade discount. | |
| $5$ | Cash of $Rs. 2,000$ paid to Arth in full settlement of his account of $Rs. 2,030.$ | |
| $10$ | Goods of $Rs. 4,000$ purchased at $5\%$ cash discount. | |
| $13$ | Salary of $Rs. 1,000$ and wages of $Rs. 600 $ are paid by cash. | |
| $15$ | Commission of $Rs. 100$ and brokerage of $Rs. 900$ received. | |
| $17$ | Cash of $Rs. 1,400$ paid to Krishna in full settlement of account of $Rs. 1,420.$ | |
| $18$ | Goods of $Rs. 5,000$ sold at $10\%$ trade discount and $5\%$ cash discount. | |
| $19$ | A machine of $Rs. 6,000$ purchased from Ramesh for which $Rs. 2,000$ paid by cash.and it is decided that the remaining amount will be paid after one month. | |
| $23$ | As more funds are required in the business. household furniture of $Rs. 3,000$ issold for $Rs. 3,500$ and out of this $Rs. 2,500$ are brought in the business. | |
| $27$ | $Rs. 225$ paid to VepariMahamandal towards annual fees. | |
| $29$ | Godown rent $Rs. 600$ paid by cash and carriage of $Rs. 300$ paid to Shambhu in cash. | |
| $2016$ | ||
| April | $1$ | Opening cash balance $Rs. 6000$ |
| Opening bank balance $Rs. 5000$ | ||
| $3$ | Goods of $Rs. 10,000$ sold to Pankaj for cash at $10 \%$ trade discount. | |
| $5$ | Goods of $Rs. 3000$ purchased for cash from Janki. | |
| $7$ | Cash of $Rs. 1500$ is deposited in the bank. | |
| $9$ | Stationery expenses of $Rs. 1000$ and salary of $Rs. 3000$ paid by cheque. | |
| $11$ | $Rs. 1100$ paid towards shop rent. | |
| $14$ | Cheque of $Rs. 3000$ received from Yesha, which is immediately deposited in the bank. | |
| $17$ | $Rs. 1000$ withdrawn from the bank to pay fire insurance premium. | |
| $21$ | Furniture of $Rs. 800$ purchased for household and cheque for the necessary amount is issued from the bank account of the business. | |
| $23$ | Fire insurance premium paid. | |
| $27$ | Placed an order with Akbarbhai for supply of goods of $Rs. 5000.$ | |
| $2015$ | ||
| June | $1$ | Goods sold of $Rs. 30,000$ at $10 \%$ trade discount to Pankaj. Railway freight $Rs. 1000$ wages $Rs. 300$ and invoice no. $123.$ |
| $10$ | Goods sold of $Rs. 50,000$ at $10\%$ trade discount on cash to Nilesh. Labour charges of $Rs. 200.$ | |
| $14$ | Goods sold of $Rs. 20,000$ at $5 \%$ trade discount on credit on $3$ months to Jayeshbhai of Jaipur (Rajasthan). On the behalf of Jayeshbhai paid labour $Rs. 250$ and railway freight $Rs. 400.$ Invoice no. $130$ sent by adding labour and railway freight | |
| $15$ | A old machine sold to Kishan for $Rs. 1500.$ For it labour paid $Rs. 320.$ Kishan gave gaurantee to pay within $15$ days. | |
| $25$ | Goods sold of $Rs. 10,000$ at $5 \%$ trade discount on credit of $3$ months to Vaibhavi railway freight was of $Rs. 800.$ Vaibhavi paid half amount of total amount. Invoice no. $135.$ | |
| $30$ | Goods sold of $Rs. 40,000$ at $10\%$ trade discount on credit of $1$ month to Gaurang, Railway freight $Rs. 1500$ added in invoice no. $140$ and sent it. | |
| Name of A/c | Amt.(Rs.) | Name of A/c | Amt.(Rs.) |
| Opening stock | $6,000$ | Capital | $61,000$ |
| Sales | $86,000$ | Discount allowed | $1,500$ |
| Sales return | $4,000$ | Commission received | $1,700$ |
| Wages- Salary | $31,000$ | Fixed assets | $61,000$ |
| Bills receivable | $8,000$ | Purchase | $46,000$ |
| Debtors | $10,000$ | Purchase return | $3,000$ |
| Rent | $4,000$ | Carriage inward | $1,600$ |
| Cash | $1,800$ | Carriage outward | $1,700$ |
| Creditors | $7,900$ | Bills payable | $13,000$ |
| Closing stock | $34,800$ | Interest paid | $3,000$ |
| $1,93,500$ | $1,93,500$ |
| Name of Account | LF.No. | Total of Debit side (₹) | Total of Credit side (₹) |
| Capital A/c | - | $1,55,000$ | |
| Drawing A/c | $12,600$ | - | |
| Purchase A/c | $21,890$ | - | |
| Sales A/c | - | $90,400$ | |
| Debtor A/c (Suresh) | $10,500$ | $8500$ | |
| Creditor A/c (Ramesh) | $7500$ | $11,500$ | |
| Furniture A/c | $36,000$ | - | |
| Cash A/c | $6000$ | - | |
| Wages A/c | $4350$ | - | |
| Salary A/c | $5650$ | - | |
| Goods destroyed by fire A/c | - | $6100$ | |
| Stationery A/c | $2500$ | - | |
| Discount received A/c | - | $4500$ | |
| Purchase return A/c | - | $1390$ | |
| Bad debt A/c | $1500$ | - | |
| Building A/c | $1,68,900$ | - |