Q1 Journal

DATE PARTICULARS L/F DEBIT CREDIT

Jul-01 Cash A/C 100,000.00
Capital A/C 100,000.00
(Capital introduced)
Jul-01 Building A/C 75,000.00
Capital A/C 75,000.00
(Building introduced)
Jul-01 Furniture A/C 25,000.00
Capital A/C 25,000.00
(Furniture Introduced)
Jul-04 Purchases A/C 39,600.00
Cash A/C 39,600.00
( 44000 X 10% = 4400 ) 44000-4400 =39600
Jul-07 Purchases A/C 5,000.00
Ali and sons A/C 5,000.00
(Purchased goods for 5000)
Jul-12 Zain A/C 8,000.00
Sales A/C 8,000.00
(sold goods to zain)
Jul-15 Cash A/C 7,800.00
Discount allowed A/C 200.00
Zain A/C 8,000.00
(Recevied Cash from Zain)
Jul-16 Ali and sons A/C 5,000.00
Discount recevied A/C 250.00
Cash A/C 4,750.00
(Paid Cash to Ali and sons)
Jul-18 Drawings A/C 350.00
Purchase A/C 350.00

Jul-21 Salaries A/C 1,000.00

Rent A/C 600.00
Repair charges A/C 400.00
Cash A/C 2,000.00
(paid expenses)
Jul-30 Cash A/C 1,200.00
commission recevied A/C 1,200.00
(Recevied commission)
Jul-31 Advertising Expenses A/C 1,000.00
Purchases A/C 1,000.00
 Ledger
Cash Account
Date Particulars J/F Amount Date
Jul-01 Capital A/C 100,000.00 Jul-04
Jul-15 Zain A/C 7,800.00 Jul-16
Jul-30 Commission recevied A/C 1,200.00 Jul-21

109,000.00
Aug-01 Balance b/d 62,650.00
Capital Account
Date Particulars J/F Amount Date
Balance c/d 200,000.00 Jul-01

200,000.00
Aug-01
Building Account
Date Particulars J/F Amount Date
Jul-01 Capital A/C 75,000.00
75,000.00
Aug-01 Balance b/d 75,000.00
Furniture A/C
Date Particulars J/F Amount Date
Jul-01 Capital A/C 25,000.00
25,000.00
Aug-01 Balance b/d 25,000.00
Purchases Account
Date Particulars J/F Amount Date
Jul-04 Cash A/C 39,600.00 Jul-18
Jul-07 Ali and sons A/C 5,000.00 Jul-31

44,600.00
Aug-01 Balance b/d 43,250.00
Ali and sons Account
Date Particulars J/F Amount Date
Jul-16 Discount Allowed A/C 250.00 Jul-07
Cash A/C 4,750.00
5,000.00
Zain Account
Date Particulars J/F Amount Date
Jul-12 Sales 8,000.00 Jul-15
 8,000.00
Sales Account
Date Particulars J/F Amount Date
Balance c/d 8,000.00 Jul-15
8,000.00
Aug-01
Discount allowed Account
Date Particulars J/F Amount Date
Jul-15 Zain A/C 200.00
200.00
Aug-01 Balance b/d 200.00
Discount recevied Account
Date Particulars J/F Amount Date
Balance c/d 250.00 Jul-16
250.00
Aug-01
Drawings Account
Date Particulars J/F Amount Date
Jul-18 Purchases A/C 350.00
350.00
Aug-01 Balance b/d 350.00
Salaries Account
Date Particulars J/F Amount Date
Jul-21 Cash A/C 1,000.00
1,000.00
Aug-01 Balance b/d 1,000.00
Rent Account
Date Particulars J/F Amount Date
Jul-21 Cash A/C 600.00
600.00
Aug-01 Balance b/d 600.00
Repair charges Account
Date Particulars J/F Amount Date
Jul-21 Cash A/C 400.00
400.00
Aug-01 Balance b/d 400.00
Commission Recevied Account
Date Particulars J/F Amount Date
Balance c/d 1,200.00 Jul-30
1,200.00
Aug-01
Advertising Expense Account
Date Particulars J/F Amount Date
Jul-31 Purchases A/C 1,000.00
 1,000.00
Aug-01 Balance b/d 1,000.00
dger
ccount
Particulars J/F Amount
Purchases A/C 39,600.00
Ali and sons A/C 4,750.00
Salaries A/C 1,000.00
Rent A/C 600.00
Reapir Charges A/C 400.00
Balance c/d 62,650.00
109,000.00

Account
Particulars J/F Amount
Cash A/C 100,000.00
Building A/C 75,000.00
Furniture A/C 25,000.00
200,000.00
Balance b/d 200,000.00
Account
Particulars J/F Amount
Balance c/d 75,000.00
75,000.00

ure A/C
Particulars J/F Amount
Balance c/d 25,000.00
25,000.00

s Account
Particulars J/F Amount
Drawings A/C 350.00
Advertising expense A/C 1,000.00
Balance c/d 43,250.00
44,600.00

ns Account
Particulars J/F Amount
Purchases A/C 5,000.00

5,000.00
ccount
Particulars J/F Amount
Cash A/C 7,800.00
Discount allowed A/C 200.00
 8,000.00
Account
Particulars J/F Amount
Zain A/C 8,000.00
8,000.00
Balance b/d 8,000.00
wed Account
Particulars J/F Amount
Balance c/d 200.00
200.00

evied Account
Particulars J/F Amount
Ali and sons A/C 250.00
250.00
Balance b/d 250.00
s Account
Particulars J/F Amount
Balance c/d 350.00
350.00

Account
Particulars J/F Amount
Balance c/d 1,000.00
1,000.00

ccount
Particulars J/F Amount
Balance c/d 600.00
600.00

ges Account
Particulars J/F Amount
Balance c/d 400.00
400.00

cevied Account
Particulars J/F Amount
Cash A/C 1,200.00
1,200.00
Balance b/d 1,200.00
pense Account
Particulars J/F Amount
Balance c/d 1,000.00
1,000.00
 Trial Balance
Particulars Debit Credit
Cash 62,650.00
Capital 200,000.00
Buildings 75,000.00
Furniture 25,000.00
Purchase 43,250.00
Sales 8,000.00
Discount allowed 200.00
Discount recevied 250.00
Drawings 350.00
Salaries 1,000.00
Rent 600.00
Repair charges 400.00
Commission Recevied 1,200.00
Advertising Expense 1,000.00
209,450.00 209,450.00