EXAMPLE 15
1 March 2019 to 8 March 2019
- Sunil Started Business with Cash 50000 and Furniture 20000
- Purchase Goods for Cash Rs. 5000
- Sold Goods Costing Rs. 14000 for Rs. 15000
- Bank Charges Charged by Bank 200
- Received an Order of goods for Rs. 75000 from Akash
- Received a Cheque from Ramesh for Rs. 6450 and allowed him discount Rs. 150
- Amount of Rs. 3500 Received from Rakesh which were Previously Written Off as Bad Debts.
- Paid Insurance Premium Rs. 5000 and Sales Tax Rs. 4000
EXAMPLE 16
1 April 2019 to 13 April 2019
- Raju Started Business with Cash Rs. 250000 and Furniture 50000
- Cash Purchase Rs. 5000 by Cheque
- Sold Goods and Received Cheque 2500
- Paid for Advertisement 1200
- Sold Goods to Sharma and Company for Rs. 20000, They Paid 90% Cash in Full Settlement.
- Deposited into Bank 12000
- He Receives a Cheque from Sharma and Company for Rs. 1500
- Goods Given as Charity 1200
- Purchase Stationary and Paid by Cheque 200
- Received Commission 300
- Purchase a Horse for Office Use 3000
- Sold Goods for Rs. 15000 and Collected 2% Sales Tax
- Sharma and Company Gives a Cheque for Rs. 5000
