Journal entries in the books of Mr.

A
Date Particulars L/F Debit Amount
Cash a/c Dr. 130,000
Computer A/c Dr. 50,000
To. Mr. A's Capital a/c -
1.3.20
To. Bank Loan a/c -
(Being capital introduced in cash,
Computer and Bank Loan)
Bank a/c Dr. 50,000
2.3.20 To. Cash a/c -
(Being cash deposited in bank)
Purchases a/c Dr. 10,000
3.3.20 To. Mr. R's a/c -
(Being goods purchased from Mr. R)
Mr. G's a/c Dr. 20,000
4.3.20 To. Sales a/c -
(Being goods sold to Mr. G)
Bank a/c Dr. 10,000
6.3.20 To. Cash a/c -
(Being cash deposited in bank)
Rent a/c Dr. 5,000
7.3.20 To. Bank a/c -
(Being rent paid through cheque)
Furniture a/c Dr. 5,000
9.3.20 To. Bank a/c -
(Being furniture purchased with cheque)
Mr. R's a/c Dr. 2,000
10.3.20 To. Purchase Return a/c -
(Being goods returned to Mr. R)
Purchases a/c Dr. 10,000
12.3.20 To. Mr. S's a/c -
(Being goods purchased from Mr. S)
Mr. R's a/c Dr. 8,000
14.3.20 To. Cash a/c -
(Being cash paid to Mr. R)
Sales Return a/c Dr. 3,000
16.3.20 To. Mr. G's a/c -
(Being goods returned from Mr. G)
Mr. A's Drawing a/c Dr. 5,000
17.3.20 To. Cash a/c -
(Being cash withrawn for personal use)
Mr. B's a/c Dr. 12,000
18.3.20
18.3.20 To. Sales a/c -
(Being goods sold to Mr. B on credit)
Advertisment a/c Dr. 1,000
To. Bank a/c -
19.3.20
(Being advertisment paid through cheque)

Mr. S's a/c Dr. 5,000

20.3.20 To. Cash a/c -
(Being cash paid to Mr. S)
Cash a/c Dr. 7,000
22.3.20 To. Mr. G's a/c -
(Being cash received from Mr.G)
Bank a/c Dr. 2,000
25.3.20 To. Interest Received a/c -
(Being cash received from Mr.G)
Salesman's Commission a/c Dr. 1,000
To. Cash a/c -
29.3.20
(Being salesman's commission is paid in
cash)
Total 336,000
A
Credit Amount
-
-
150,000
30,000

-
50,000

-
10,000

-
20,000

-
10,000

-
5,000

-
5,000

-
2,000

-
10,000

-
8,000

-
3,000

-
5,000

-
 12,000

-
1,000

-
5,000

-
7,000

-
2,000

-
1,000

336,000
Dr. Cash a/c
Date Particulars (Receipts) 22 Amount Date
1.3.20 To. Mr. A's Capital a/c 100000 2.3.20
1.3.20 To. Bank Loan a/c 30000 6.3.20
22.3.20 To. Mr. G's a/c 7,000 14.3.20
17.3.20
20.3.20
29.3.20
31.3.20
137000
1.4.20 To. Balance b/d 58000

Dr. Computer a/c

Date Particulars J/F Amount Date
1.3.20 To. Mr. A's Capital a/c 50000 31.3.20
1.4.20 To. Balance b/d 50000

Dr. Mr. A's Capital a/c

Date Particulars J/F Amount Date
1.3.20
31.3.20 To. Balance c/f 150,000 1.3.20
150,000
1.4.20

Dr. Bank Loan a/c

Date Particulars J/F Amount Date
1.3.20 To. Balance c/f 30000 31.3.20
1.4.20

Dr. Bank a/c

Date Particulars Receipts J/F Amount Date
2.3.20 To Cash a/c 50000 7.3.20
6.3.20 To. Cash a/c 10,000 9.3.20
25.3.20 To. Interest Received a/c 2,000 19.3.20
31.3.20
62000
1.4.20 To. Balance b/d 51000

Dr. Purchases a/c

Date Particulars J/F Amount Date
3.3.20 To. Mr. R's a/c 10000
31.3.20 To. Mr. S's a/c 10,000 31.3.20
20,000
1.4.20 To. Balance b/d 20000

Dr. Mr. R's a/c

Date Particulars J/F Amount Date
10.3.20 To. Purchase Return a/c 2000 3.3.20
14.3.20 To Cash a/c 8,000
10,000

Dr. Mr. S's a/c - Creditor - Vendors - Payables

Date Particulars J/F Amount Date
20.3.20 To Cash a/c 5000 12.3.20
14.3.20 To Balance c/f 5,000
10,000

Dr. Purchase Return a/c

Date Particulars J/F Amount Date
31.3.20 To Balance c/f 2000 10.3.20
1.4.20

Dr. Furniture a/c

Date Particulars J/F Amount Date
9.3.20 To. Bank 5000 31.3.20
1.4.20 To. Balance b/d 5000

Dr. Sales a/c

Date Particulars J/F Amount Date
4.3.20
31.3.20 To Balance c/f 32,000 18.3.20
32,000
1.4.20
Dr. Sales Return a/c
Date Particulars J/F Amount Date
16.3.20 To Mr. G's a/c 3000
1.4.20 To Balance b/d 3000

Dr. Mr. G's a/c - Customer - Debtors - Receivables

Date Particulars J/F Amount Date
4.3.20 To Sales 20000 16.3.20
22.3.20
31.3.20
20,000
1.4.20 To Balance b/d 10,000

Dr. Mr. B's a/c

Date Particulars J/F Amount Date
18.3.20 To Sales a/c 12000 12.3.20
1.4.20 To Balance b/d 12000

Dr. Rent a/c

Date Particulars J/F Amount Date
7.3.20 To. Bank 5000 31.3.20
1.4.20 To. Balance b/d 5000

Dr. Advertisment a/c

Date Particulars J/F Amount Date
19.3.20 To. Bank 1000 31.3.20
1.4.20 To. Balance b/d 1000

Dr. Salesman's Commission a/c

Date Particulars J/F Amount Date
29.3.20 To. Cash a/c 1000 31.3.20
1.4.20 To. Balance b/d 1000

Dr. A's Drawing a/c

Date Particulars J/F Amount Date
17.3.20 To. Cash a/c 5000 31.3.20
1.4.20 To. Balance b/d 5000
Dr. Interest Received a/c
Date Particulars J/F Amount Date
31.3.20 To Balance c/f 2000 25.3.20
1.4.20
 Cash a/c Cr.
Particulars (Payments) J/F Amount
By Bank a/c 50,000
By Bank a/c 10,000
By Mr. R's a/c 8000
By Mr. A's Drawigs a/c 5000
By Mr. S's a/c 5,000
By Salesman's Commission a/c 1,000 79,000
By Balance c/f 58,000
137000

Computer a/c Cr.

Particulars J/F Amount
By Balance C/f 50,000

Mr. A's Capital a/c Cr.

Particulars J/F Amount
By Cash a/c 100,000
By Computer a/c 50,000
150000
By Balance c/f 150000

Bank Loan a/c Cr.

Particulars J/F Amount
By Cash 30,000
By Balance b/d 30,000

Bank a/c Cr.

Particulars Payments J/F Amount
By Rent a/c 5,000
By Furniture a/c 5,000
By Advertisment a/c 1000
By Balance c/f 51,000
62000

Purchases a/c Cr.

 Particulars J/F Amount

By Balance c/f 20,000

20000

Mr. R's a/c Cr.

Particulars J/F Amount
By Purchases a/c 10,000

10000

tor - Vendors - Payables Cr.

Particulars J/F Amount
By Purchases a/c 10,000

10000

Purchase Return a/c Cr.

Particulars J/F Amount
By Mr. R's a/c 2,000
By Balance c/f 2000

Furniture a/c Cr.

Particulars J/F Amount
By Balance C/f 5,000

Sales a/c Cr.

Particulars J/F Amount
By Mr. G's a/c 20,000
By Mr. B's a/c 12,000
32000
By Balance b/d 32000
Sales Return a/c Cr.
Particulars J/F Amount
By Balance c/f 3,000

c - Customer - Debtors - Receivables Cr.

Particulars J/F Amount
By Sales Return a/c 3,000
By Cash a/c 7,000
By Balance c/f 10,000
20000

Mr. B's a/c Cr.

Particulars J/F Amount
By Balance c/f 12,000

Rent a/c Cr.

Particulars J/F Amount
By Balance C/f 5,000

dvertisment a/c Cr.

Particulars J/F Amount
By Balance C/f 1,000

n's Commission a/c Cr.

Particulars J/F Amount
By Balance C/f 1,000

A's Drawing a/c Cr.

Particulars J/F Amount
By Balance C/f 5,000
nterest Received a/c Cr.
Particulars J/F Amount
By Bank a/c 2,000
By Balance b/d 2,000
 Trial balance of Mr. A as on 31st March 2020
Sr. No. Particulars/ Name of the accounts
1 Cash a/c - A
2 Computer a/c - A
3 A's Capital a/c - L
4 Bank Loan a/c - L
5 Bank a/c - A
6 Purchases a/c - E
7 Mr. S's a/c - L
8 Purchases Return a/c
9 Furniture a/c - A
10 Sales a/c - I
11 Sales Return a/c
12 Mr. G's a/c - A
13 Mr. B's a/c - A
14 Rent a/c - E
15 Advertisment a/c - E
16 Salesman's Commission a/c - E
17 A's Drawing a/c
18 Interest Received a/c - I
Total
as on 31st March 2020
Debit Amount Credit Amount
58,000
50,000
150,000
30000
51,000
20,000
5,000
2,000
5,000
32,000
3,000
10,000
12000
5000
1000
1000
5000
2,000
221,000 221000
 T format - Horizontal Format
Dr. Trading and Profit and Loss Account a/c for the month ended 3
Particulars (Expenses) Amount Amount Particulars (Income)
To. Purchases a/c 20,000 By Sales
Less: Purchases Return 2,000 18,000 Less: Sales Return
To. Rent a/c 5000 By Interest Reeceived
To. Advertisment a/c 1000
To. Salesman's Commission a/c 1000
To. Net Profit transferred to A's
Capital a/c 6,000

31,000

Balance Sheet as on 31st March 2020

Liabilities Amount Amount Assets
A's Capital 150,000 Computer
Less: A's Drawings 5000 Furniture
Add: Net Profit 6,000 151,000 Cash
Bank Loan 30000 Bank
Mr. S's a/c 5,000 Mr G
Mr B
186,000
mat - Horizontal Format
unt a/c for the month ended 31st March 2020 Cr.
Particulars (Income) Amount Amount
By Sales 32,000
Less: Sales Return 3,000 29,000
By Interest Reeceived 2,000

31,000

1st March 2020

Assets Amount Amount
Computer 50,000
Furniture 5,000
Cash 58,000
Bank 51,000
Mr G 10,000
Mr B 12000
186,000