JOURNAL

Date Particulars LF

Cash Dr
Equity

Cash Dr
Loan

Plant Dr
Cash

Inventory Dr
Cash

Inventory Dr
AP

AR Dr
Sales

COGS Dr
Inventory

Cash Dr
AR

AP Dr
Cash

G expenses Dr
Cash
 Trial Balance
Dr

cash 370 equity

plant 1000 loan
inv 250 ap
ar 100 Sales
g exp 80
cogs 350

2150

P&L
Dr
Expenses Revenues

COGS 350 Sales

G exp 80
Profit 120
550

Balance Sheet
A L+E

cash 370 Equity

plant 1000 Profit
inv 250
AR 100 Loan
AP

1720
 LEDGER
Dr Cash
Debit (Rs) Credit (Rs) Date Particulars JF Amount

1000 Equity 1000

1000 Loan 500
Debtor 450

500
500
1950

1000
1000

250
250

350
350

Equity
550 To bal c/d 1000
550 1000

350
350 Loan
To Bal c/d 500
500
450
450 Plant
Cash 1000
1000
250
250 Inventory
Cash 250
Creditor 350
80 600
80

AP
Cash 250
Balance c/d 100
350
 AR
Sales 550
Cr
550
1000
500
100 Sales
550 Balance c/d 550
550

Gen. Exp
2150 Cash 80
80

COGS
Inventory 350
350

Cr

COGS Dr 350
550 Inv 350

550
Debtors 550
Sales 550

1000 Sales Dr 550

120 P&L 550

500
100 P&L Dr 350
COGS 350

1720
P&L Dr 80
G exp 80
 Cr
Date Particulars JF Amount

Plant 1000
inv 250
Trade Payables 250
Gen. Exp 80

Balance c/d 370

1950

cash 1000
1000

Cash 500
500

Bal c/d 1000

1000

COGS 350
Balance c/d 250
600

Inventory 350

350
Cash 450
Balance c/d 100
550

Debtors 550
550

Balance c/d 80
80

Balance c/d 350

350

closing entry