1 April 2006 to 16 April 2006
- Kavita Started Business with Cash Rs. 100000 and Goods Worth Rs. 200000
- Sold Goods to Mahesh on Credit Rs. 6000, 10% Trade Discount, 3% Discount
- Paid Carriage Rs. 500 for Sending Goods to Mahesh which has to be realised from Mahesh Account
- Bought Goods from Gopal Rs. 7000 and Paid half amount immediately
- Goods Worth Rs. 6000 Destroyed by fire
- Claim Accepted by Insurance Company for Rs. 4500
- Received half amount from Mahesh.
- Claim Amount Received from Insurance Company
- Bought Goods from Mohan Lal for Cash Rs. 20000 and on Credit Rs. 10000
- Purchase Machinery for Rs. 25000 and Paid Installation Charges Rs. 1000
- Stationary Purchase 1500 and Paid by Cheque
- Paid Rent by Cheque 2000
- Sold Goods to Sunita Rs. 10000 and allowed 10% Rebate
- Half Amount Received from Sunita
- Purchased Two Motorcycle @ Rs. 25000 each one of personal Use and another for Business Use
- Sunita Became Insolvent and Received 40% Only from her as Final Account
1 Feb 2010 to 15 Feb 2010
- Started Business with Rs. 6 Lakh, paid into Bank 4 Lakh therefrom.
- Received Rs. 3000 being Rent for building
- Received a Cheque from Ramesh for Rs. 6450 and allowed him discount 150 Rs.
- Sold Goods to Krishna at a List Price 3000, Trade Discount 10% and Cash Discount 5%. He Paid Full Amount Same Day.
- Bought Shares in Reliance Industries Limited for Rs. 60000 and Paid Brokerage @1.5%. All Payments Made by Cheque.
- Received an Order of Goods of Rs. 75000 from Akash.
- ATM Charges Charged by Bank 100
- Akash’s Order was executed and cartage Rs. 2000 was paid.
- Goods Destroyed by fire, Cost Price Rs. 15000 and Selling Price 20000
- Salaries Paid Rs. 18000 and Salary Outstanding Rs. 12000
- Paid Income Tax Rs. 2000 and Sales Tax Rs. 5000
- Amount of Rs. 25000 Received from Mohan Which were previously written off as Bad Debts.
- Sold Goods to Ruchi Rs. 500 and Carriage Paid Rs. 5 on above to be charged from Ruchi.
- Paid for the Repair of Residential house Rs. 2200
- Purchased an Old Machinery Rs. 2300 and Paid Rs. 500 on Carriage and for Repairs Rs. 700