General Entry

HUNGRY VEGAN
Date Partucluar REF

Cash A/C Dr
To Capital A/C
[being Business started with cashof 4000$]
Mats and other Equipment A/C Dr
To cash A/C
[Being mats,purchased mats,Equipment and clothing A/C]
Mats, Equipment and clothing A/C Dr
To Cash A/C
[being mats,equipment and clothing purchased]
Insurance A/C Dr
To cash A/C

JULY Cash A/C Dr

To yoga A/C
[being cost collected as a part of yoga fees]
JULY yoga instructor A/C Dr
To Cash A/C

July Rent A/C Dr

To Cash A/C
[being rent paid for the month July]
August yoga A/C Dr
To yoga classes fees A/C
[being cash received as part of yoga classes fees]
August Cash A/C Dr
To yoga Instructor A/C
[being cash paid to yoga instructor for the month of july]
August Cash A/C Dr
To Yoga Instructor A/C
[being cash paid to yoga instructor fees for the month of August]
August Elecricity and Waters charges
To Cash A/C
[being utilities bill paid for the month of the july]
August Rent A/C Dr
To Cash A/C
[being rent paid for the month August]
August Cash A/C Dr
To Profit A/C
To sales A/C
[being profit generated from sales of inventoty]
August Cash A/C Dr
To loan A/C
 [being loan taken for collrge purpose]
August Yoga classes return A/C Dr
To Cash
[being yoga classes for return]
August Drawing A/C Dr
To Cash A/C
[being cash withdraw200$ from owner for personal use]
August utilities Bill A/C Dr
To Outstanding Bill A/C
[being utilities bill due but not paid]
August Yoga Instructor fees
To O/S yoga instructor fees
[being yoga instructro fees due but not paid ]

Profit And Loss A/C

For 31 August 2020

To Rent 2000 By Yoga fees

To Utilities 350 By less yoga fee Return
To yoga Instructor fees 1200 By less Advance
To Insurance 400 By sales
By Net loss
2010

Cash A/C
To Capital 4000 By Mats
To Yoga class 800 By Insurance
To Yoga class 1500 By Instructor
To Sales 225 By Rent
To Loan 2000 By Utilities
By Drawing
By Return
By Closing
8525

BALANCE SHEET
AS of 31st August -2020
Capital 4000$
less:Drawing 1000$ Office assists
less:Net loss 1940$ 1060

Long term Liability

Loan 2000$
Current liability:
O/S utilities 150$ by Advance Insurance
O/S yoga Instructor fees 300$ By Cash
Advance yoga fees 500$

4010

LEDGER
Capital A/C
Dr Cr
Particulars Amount Particulars
To Closing C/D 4000 By cash

4000

Mats and equpments

Dr Cr
Particulars Amount Particulars
To cash 500 By closing C/D
To cash 400
900

Cash A/C
Dr Cr
Particular Amount Particular
To Capitals 4000 By mats and equipment
To yoga classes 800 By mats and equipment
To yoga classes fees 1500 By Insurance
To loan 2000 By yoga teacher fees
To sales 225 By Rent
By utilities exp.
By Drawing
By Yoga class fee return
By Closing
8525

Yoga Classes Fees

Dr Cr
particular Amount Particular
To Advance yoga fees 1500 By Cash
To Cash 15 By Cash
To Closing C/D 785
2300
 Yoga Teacher Fees
Dr Cr
Particular Amount Particular
To Cash 900 By Closing C/D
To O/S Yoga teacher fees 300
1200

Rent A/C
Dr Cr
Particular Amount Particular
To cash 2000 By Closing C/D
2000

Utilities
Dr Cr
Particular Amount Particular
To Cash 200 By Closing C/D
To O/S Exp. 150
350

O/S Utilities
Dr Cr
Particular Amount Particular
To Closing C/D 150 By Exp.
150

O/S Yoga Teacher Fees

Dr Cr
Particular Amount particular
To Closing C/D 300 By yoga teacher Fees
300

Insurance
Dr Cr
Particular Amount particular
To Cash 1200 By Prepaid Insurance
By closing C/D
1200

Advance Insurance
Dr Cr
Particular Amount Particular
To Insurance 800 By closing C/D
800
 Advance Yoga Fees
Dr Cr
Particular Amount particular
To b/C C/D 500 By yoga fees
500

Loan A/C
Dr Cr
Particular Amount Particular
To Closing C/D 2000 By Cash
2000

Drawing A/C
Dr Cr
Particular Amount Particular
To Cash 1000 By Closing
1000

Sales A/C
Dr Cr
Particular Amount Particular
To Closing C/D 225 By Cash
225

Profile Balance

Debits
Capital -
yoga mats and equipment 900
Cash 2310
Yoga Classes Fees -
Yoga Teacher Fees 1200
Rent 2000
Utilities 350
O/S utilities -
O/S yoga teacher fees -
Insurance 400
Advance Insurance 800
Advance Yoga fees -
Loan -
Drawing 1000
Sales
8960
Debit CREDIT

4000$
4000$

500$
500$

400$
400$

1,200$
1,200$

800$
800$

300$
300$

1000$
1000$

1500$
1500$

300$
300$

300$
300$

200$
200$

1000$
1000$

225$
75$
150$

2000$
2000$
15$
15$

1000$
1000$

150$
150$

300$
300$

2300
-159
(500) 1735
225
1940
2010

900
1200
900
2000
200
1000
15
2310
8525

900$
 800
2325

4010

Amount
4000

4000

Amount
900

900

Amount
500
400
1200
900
2000
200
1000
15
2310
8525

Amount
800
1500

2300
Amount
1200

1200

Amount
2000
2000

Amount
350

350

Amount
150
150

Amount
300
300

Amount
800
400
1200

Amount
800
800
 Amount
500
500

Amount
2000
2000

Amount
1000
1000

Amount
225
225

Credits
4000
-
-
1785
-
-
-
150
300
-
-
500
2000
-
225
8960