Book Exercise Simple Inventory

Transaction
No.

Date

Partculars

1.

1/4/2010

Started business with cash Rs. 25000/-, Furniture Rs. 20000/- &

2/4/2010

2/4/2010

4/4/2010

4/4/2010

6.

7/4/2010

Purchased machinery for cash Rs. 10000/-

7.

7/4/2010

Opened a Bank A/c in Bank of India with depositing Rs. 5000/-

8.

10/4/2010

Taken a loan from Janata Bank Rs. 25000/-

12/4/2010

10

13/4/2010

Purchased goods from X on credit.Rs.10000/- ( 20 Shirts @ Rs.150

each, 20 T-Shirts @Rs.100 each, 10 Trousers @ Rs.500 each)
Sold goods to Y on Credit 15000/- (22 Shirts @ Rs.250 each,15TShirts @ Rs. 200 each, 1 Jacket @ Rs.500 each, 10 Trousers @
Rs.600 each)

11.

15/4/2010

Received Bills Receivables from Y Rs. 15000/-

12.

16/4/2010

Issued Bills Payables to X Rs. 10000/-

13
14

20/4/2010
21/4/2010

Return goods to Mandar Rs.1000/- (2Trousers of Rs. 500 each.)

Received goods returned by Sanjay-Rs.2000/- ( 2 T-Shirts @ Rs.
200 each, 1 Jacket @ RS.400, 2 Trousers @ Rs.600 )

15.

23/4/2010

Withdrawn from Bank Rs. 2000/-

16.

24/4/2010

Paid Salary Rs. 4000/- & Wages Rs. 2000/- in cash

17.

27/4/2010

Received Commission Rs. 3000/-

18.

30/4/2010

Paid Electricity Charges by cheque Rs. 1000/-

Building Rs. 1,55,000/-.

Purchased goods form 'X' for cash Rs. 10,000/-(30 Shirts @ Rs.150
each, 20 T-Shirts @ Rs.100 each, 10 Jackets @ Rs.350 each, stock
kept at Showroom)
Sold goods to Y for cash Rs.12,000/- ( 20 Shirts @ Rs. 250 each,
15 T-Shirts @ Rs. 200 each, 8 Jackets @ Rs.500 each.)
Purchased Goods from Mandar on Credit Rs.5000/- ( 10 Trousers
@ Rs.500 each, Stock kept at Showroom)
Sold goods to Sanjay on Credit Rs.7000/-(8 Shirts @ Rs.250 each,
5 T-Shirts, @ Rs.200 each, 1 Jacket @ Rs.400, 6 Trousers @ Rs.
600 each.)