NATIONAL LAW UNIVERSITY ODISHA, CUTTACK

PROJECT IN
BASIC PRINCIPLES OF ACCOUNTING

“Nakshatra & Pratham Super Store”

SUBMITTED TO SUBMITTED BY
CA A.B.DEBASIS ROUT. NAKSHATRA GUJRATI
ASSISTANT PROFFESOR. (21/BA/061)

PRATHAM MATHE
(21/BA/068)
 ACKNOWLEDGMENT

We take this opportunity to express our profound gratitude and deep regards to the guide
respected our teacher Assistant Professor of Accountancy, Mr. A.B. Debasis Rout for his
exemplary guidance, monitoring and constant encouragement throughout the course of this
project. We have taken efforts in this project. However, it would not have been possible
without your kind support and help.
We are highly indebted to the guidance and constant supervision and consultation as well as
for providing necessary information regarding the project and also for his support in
completing the project. The blessing, help and guidance given by him time to time shall carry
us a long way in the journey of life on which we are about to embark. Ultimately, we would
like to thank the almighty. We want to extend our thanks to all these people and hope that
they will be with us in future as well.
Regards,
Nakshatra & Pratham
 NATURE OF THE BUSINESS

Mr. Nakshatra & Mr. Pratham after studying accountancy in their third semester at National
Law University Orissa decided to pursue business and drop their names out from the law
school. They have opened a grocery store with cold storage chain to sell premium quality sea
food, tinned chicken and even ice cream makers to serve kiddos visiting their store. The name
of the store is Nakshatra & Pratham Super Store.
 TRANSACTIONS THAT TOOK PLACE IN THE FINANCIAL YEAR
2021-2022:

JANUARY 2021
01-01-21 Started business with cash Rs. 10,00,000 and bank balance Rs.4,00,000
03-01- 21 Purchased furniture worth Rs. 3,00,000 by cash and paid carriage charges Rs.
2,500 in cheque. Purchased Stock of Pulses & Grain worth 6,00,000 by cash.
04-01- 21 Purchased Packed Caviar worth Rs. 40,000 and paid by cheque

04-01-21 Sold Caviar worth. 20,000 and received cash

05-01- 21 Purchased stationery items Rs.10,000 and paid by cheque
10-01- 21 Purchased Biscuits worth 10,000 from ITC.
15.01.21 Paid Rent of Rs. 25000
18-01- 21 Sold Biscuits worth 5000 to Chandan Stores.
23-01- 21 Received Rs 4750 from Chandan Stores in full settlement of its account at a cash
discount of Rs 250.
25.01.21 Paid Electricity Bill of Rs. 5000
26.01.21 Paid Advertising Expenses of Rs. 2000
26.01.21 Paid Salary to 3 employees each @Rs. 10000

FEBRUARY 2021
04-02- 21 Chandan Stores returned goods worth Rs.500
05-02- 21 Purchased Canned Chicken worth 10,000

06-02- 21 Paid Carriage charges Rs.1,000 in Cash

07-02- 21 Petty expenses Rs.6,000
15-02- 21 Cash Sales Rs.15,000
18-02- 21 Paid Electricity Bill Rs.5,000 in Cash
20-02-21 Paid Salary to 3 employees @Rs. 10000
MARCH 2021
01-03- 21 Maintenance Charges of Rs. 6000
02-03- 21 Credit sale to Mr. Sahil Bhoi of Rs. 1000
07-03- 21 Mr. Sahil Bhoi settled account by paying Rs. 800.
13-03- 21 Purchased Packaged Cheeseballs at Rs. 5000, received 10% discount
19-03- 21 Membership Sales of Rs. 12000.
24-03- 21 Made sales of Rs. 10,000 to Mr. Yash Sharma on credit
30-03- 21 Stationery charges Rs.1000 paid by cash
31-03- 21 Paid salary to 3 employees @ Rs. 10000 each

APRIL 2021
01.04.21 Electricity Bill of Rs.5000.
06.04.21 Mr. Yash Sharma paid Rs. 8000, bad debts of Rs. 2000
15-04- 21 Payment of Commission Rs. 5,000 by Cash
19-04- 21 Purchased Soya Sauce from Ashok Bhoi Pvt Limited @ Rs. 25,000
26-04- 21 Paid to Ashok Bhoi Pvt Limited, received discount of Rs.5000 by Cheque
27-04- 21 Advertisement expenses Rs. 4,000 in Cash
27.04.21 Water Bill of Rs. 3000
28.04.21 Paid Rent of Rs. 25000
28.04.21 Paid Salary to 3 employees @ Rs. 10000 each
28.04.21 Membership Sales of Rs. 12000

MAY 2021
01-05- 21 Purchased Deep Freezer Rs. 50,000 paid by Cash
01-05- 21 Paid Salary to 3 employees @ Rs. 10000 each
06-05- 21 Paid Rent of Rs. 25000
10-05- 21 Sold Frozen Food for cash Rs.9,000
18-05- 21 Purchased security equipments for the shop of Rs. 20,000 in cash.
23-05- 21 Purchased Packed Snacks @Rs. 5000
25.05.21 Advertisement Expenses of Rs. 5000
28.05.21 Made Sales of Rs. 25000

JUNE 2021
01-06- 21 Sold goods Rs.20,000 and received cheque from Vaidehi.
04-06- 21 Cheque received by Vaidehi deposited in bank
07-06- 21 Purchased Frozen Prawns from Anando Ltd. for Rs. 5000
08-06- 21 Maintainence Charges at Rs.15000
15-06-21 Advertisement Expenses of Rs. 1000
20-06- 21 Life Membership Fees 2,50,000
26-06- 21 Paid Salary to 3 employees @ Rs. 10000 each
30-06- 21 Paid Rent in cash of Rs 25000.

JULY 2021
02-07- 21 Investments made of Rs. 50000
06-07- 21 Interest on investments @10% to be paid by year end.
11-07- 21 Paid Rent in cash of Rs 25000.
13.07.21 Paid Salary to 3 employees @ Rs. 10000 each
15-07- 21 Paid Water Bill of Rs. 1500
16.07.21 Advertisement Expenses of Rs. 7500
19-07- 21 Sold Frozen Prawns for Rs.3,500 and received cash
25-07- 21 Customer returned Prawns worth Rs. 500
30-07- 21 Paid Electricity Bill of Rs. 5000

AUGUST 2021
02.08.21 Paid Salary to 5 employees @ Rs. 10000 each
01-08- 21 Paid Insurance premium Rs.10,000 by cash
04-08- 21 Paid Water Bill of Rs. 1500
04-08- 21 Membership fees of Rs.5000
07-08- 21 Sold Snacks, Ready to Eat food for Kairaan at NLUO at Rs.50000
14-08- 21 Paid Rent in cash of Rs 25000.
17-08- 21 Purchased nonalcoholic beverages from Rawat Ltd. of Rs. 30,000
17-08- 21 Paid to Rawat Ltd. By cheque
18-08- 21 Maintenance Charges of Rs.7500
19.08.21 Cash Sales of Rs.2,50,000

SEPTEMBER 2021
01-09- 21 Paid Salary to 5 employees @ Rs. 10000 each
02-09- 21 Stationery and postage charges Rs.1000
05-09- 21 Purchased Soft Makers from Joshi Ltd Rs.3,91,650
19-09- 21 Cash sales Rs.3000
20.09.21 Advertisement Bill of Rs. 4500
22.09.21 Water Bill of Rs.1500
24-09- 21 Deposited in bank Rs.5,000

OCTOBER 2021
01-10-21 Paid Rent @Rs.25000
04-10-21 Membership Sales at Rs. 20000
06.10.21 Paid Taxes at Rs.45000
13-10-21 Petty Expenses at Rs.5000
14-10-21 Paid Salary to 5 employees @ Rs. 10000 each
21-10-21 Purchased Tinned Organic Meat Rs.5,000 by Cash
28-10-21 Water Bill of Rs.1500

NOVEMBER 2021
02-11-21 Paid Salary to 5 employees @ Rs. 10000 each
04-11-21 Purchased a double door refrigerator of Rs. 80000
09-11-21 Refrigerator worth Rs.25,000 were destroyed by fire
14-11-21 Miscellaneous expenses Rs. 5,000 paid in cash
18-11-21 Refrigerator purchased from Manyavar Ltd. on credit of Rs.15,000
19.11.21 Manyavar Ltd paid and cash discount of Rs. 1000 provided
25-11-21 Cash Sales of Rs. 20000
26.11.21 Paid Rent @Rs.25000
27.11.21 Water Bill of Rs. 1500

DECEMBER 2021
01-12-22 Sold Softies for cash 5000
04.12.22 Paid Salary to 5 employees @ Rs. 10000 each
05-12-22 Donated Cash Rs.15,000 for charity
18-12-22 Paid Stationary bill Rs.4,000, in cash
23-12-22 Made Cash Sales of Rs. 60000
26-12-22 Advertisement Expenses of Rs.5000
27-12-22 Paid Rent @Rs.25000
 JOURNAL

DATE PARTICULARS L.F. DEBIT (in Rs) CREDIT (in Rs)

01-01-21 Cash A/C Dr 10,00,000

Bank A/C Dr 4,00,000
To Capital A/C 14,00,000
03-01-21 Furniture A/C Dr 3,02,500
Pulses & Grain A/C 6,00,000
To Bank A/C 2500
To Cash A/C 9,00,000
04-01-21 Purchases A/C Dr 40,000
To Bank A/C 40,000
04-01-21 Cash A/C Dr 20,000
To Sales A/C 20,000
07-01-21 Stationary items A/C Dr 10,000
To Bank A/C 10,000
10-01-21 Purchases A/C Dr 10,000
To ITC Ltd A/C 10,000
15-01-21 Rent A/C Dr 25,000
To Cash A/C 25,000
18-01-21 Ms. Chandan Stores Dr 5,000
To Sales A/C 5,000
23-01-21 Cash A/C Dr 4750
Discount Allowed A/C Dr 250
To Ms Chandan 5,000
Stores A/c
25-01-21 Electricity Bill A/C Dr 5,000
To Cash A/C 5,000
26-01-21 Advertising Expenses A/C 2000
Dr 2000
 To Cash A/C
27-01-21 Salary A/C Dr 30,000
To Cash A/C 30,000
05-02-21 Purchases A/C Dr 10,000
Cash A/C 10,000
06-02-21 Carriage A/C Dr 1,000
To Cash A/C 1,000
07-02-21 Petty Expenses A/C Dr 6,000
To Cash A/C 6,000

15-02-21 Cash A/C Dr 15,000

To Sales A/C 15,000
18-02-21 Electricity Bill A/C Dr 5,000
To Cash A/C 5,000
20-02-21 Salary A/C Dr 30,000
To Cash A/C 30,000
01-03-21 Maintenance Charges A/C 6,000
Dr 6,000
To Cash A/C
02-03-21 Sahil Bhoi A/C Dr 1,000
To Sales A/C 1,000
07-03-21 Cash A/C 800
Discount Allowed A/C 200
To Sahil Bhoi A/C 1000
13-03-21 Purchases A/C Dr 5000
To Discount Received 500
A/C 4500
To Cash A/C
19-03-21 Cash A/C 12000
To Sales A/C 12000
24-03-21 Mr. Yash Sharma A/C Dr 10000
 To Sales A/C 10000

30-03-21 Stationery and A/C Dr 1000

To Cash A/C 1000
31-03-21 Salary A/C Dr 30,000
To Cash A/C 30,000
01-04-21 Electricity Bill A/C Dr 5000
To Cash A/C 5000
06-04-21 Bad Debt A/C Dr 2000 ,
Cash A/C Dr 8000
To Yash Sharma A/C 10,000

15-04-21 Commission A/C Dr 5,000

To Cash A/C 5,000
19-04-21 Purchases A/C Dr 25,000
To Ashok Pvt 25,000
Limited A/C
26-04-21 Ashok Private Ltd A/C Dr 25,000
To Bank A/C 20,000
To Discount Received 5,000
A/C
27-04-21 Advertising Expenses A/C 4,000
Dr 4,000
To Cash A/C
15-04-21 Water Bill A/C Dr 3,000
To Cash A/C 3,000
28-04-21 Rent A/CDr 25,000
To Cash A/C 25,000
28-04-21 Salary A/C Dr 30,000
To Cash A/C 30,000
28-04-21 Cash A/C Dr 12,000
To Sales A/C 12,000
01-05-21 Deep Freezer A/C Dr 50,000
To Cash A/C 50,000
01-05-21 Salary A/C Dr 30,000
To Cash A/C 30,000
06-05-21 Rent A/C Dr 25,000
To Cash A/C 25,000
10-05-21 Cash A/C Dr 9,000
To Sales A/C 9,000
18-05-21 Purchases A/C Dr 20,000
To Cash A/C 20,000
23-05-21 Packed Snacks A/C Dr 5,000
To Cash A/C 5,000
25-05-21 Advertising Expenses A/C 5,000
Dr 5,000
To Cash A/C
28-05-21 Cash A/C Dr 25,000
To Sales A/C 25,000
01-06-21 Cheque in Hand A/C Dr 20,000
To Sales A/C 20,000
04-06-21 Bank A/C Dr 20,000
To Cheque in Hand 20,000
A/C
07-06-21 Purchases A/C Dr 5,000
To Anando 5,000
A/C
08-06-21 Maintenance Charges A/C 15,000
Dr 15,000
To Cash A/C
10-06-21 Advertising Expenses A/C 1,000
Dr 1,000
To Cash
A/C
20-06-21 Cash A/C Dr 2,50,000
To Sales A/C 2,50,000
26-06-21 Salary A/C Dr 30,000
To Cash A/C 30,000
30-06-21 Rent A/C Dr 25,000
To Cash A/C 25,000
02-07-21 Investments A/C Dr 50,000
To Cash A/C 50,000

06-07-21 Investments A/CDr 2,50,000

To Bank A/C 2,50,000
11-07-21 Rent A/C Dr 25,000
To Cash A/C 25,000
15-07-21 Salary A/C Dr 30,000
To Cash A/C 30,000
15-07-21 Water Bill A/C Dr 1500
To Cash A/C 1500
16-07-21 Advertising Expenses A/C 7,500
Dr 7,500
To Cash A/C
19-07-21 Cash A/C Dr 3,500
To Sales A/C 3,500
25-07-21 Sales Return A/C Dr 500
To Cash A/C 500
30-07-21 Electricity Bill A/C Dr 5,000
To Cash A/C 5,000
02-08-21 Salary A/C Dr 50,000
To Cash A/C 50,000
04-08-21 Insurance Premium A/C 10,000
Dr 10,000
To Cash A/C
07-08-21 Water Bill A/C Dr 1,500
 To Cash A/C 1,500

14-08-21 Cash A/C Dr 5,000

To Sales A/C 5,000
17-08-21 Purchases A/C Dr 30,000
To Rawat Ltd 30,000
A/C
17-08-21 Rawat Ltd A/C Dr 30,000
To Bank A/C 30,000
18-08-21 Maintenance Charges A/C 7,500
Dr 7,500
To Cash A/C
19-08-21 Cash A/C Dr 2,50,000
To Sales A/C 2,50,000
02-09-21 Stationery & Postage 1000
Charges A/C Dr 1000
To Cash A/C
05-09-21 Purchases A/C Dr 3,80,650
To Joshi Ltd 3,80,650
19-09-21 Cash A/C Dr 30,000
To Sales A/C 30,000
20-09-21 Advertisement Bill A/C 4,500
Dr 4,500
To Cash A/C
22-09-21 Water Bill A/C Dr 1,500
To Cash A/C 1,500
24-09-21 Bank A/C Dr 5,000
To Cash A/C 5,000
01-10-21 Rent A/C Dr 25,000
To Cash A/C 25,000
04-10-21 Cash A/C Dr 20,000
To Sales A/C 20,000
06-10-21 Taxes A/C Dr 45,000
To Cash A/C 45,000
13-10-21 Petty Expenses A/C Dr 5,000
To Cash A/C 5,000
14-10-21 Salary A/C Dr 50,000
To Cash A/C 50,000
21-10-21 Purchases A/C Dr 5,000
To Cash A/C 5,000
28-10-21 Water Bill A/C Dr 1,500
To Cash A/C 1,500
02-10-21 Salary A/C Dr 50,000
To Cash A/C 50,000
04-11-21 Double Door Refrigerator 80,000
A/C Dr 80,000
To Cash A/C
09-11-21 Refrigerator destroyed by 25,000
Fire A/C Dr 25,000
To Purchases A/C
14-11-21 Miscellaneous Expenses 5,000
A/C Dr 5,000
To Cash A/C
18-11-21 Purchases A/C Dr 15,000
To Manyavar Ltd. A/C 15,000
19-11-21 Manyavar Ltd A/C Dr 15,000
To Cash A/C 14,000
To Discount Received 1,000
A/C
25-11-21 Cash A/C Dr 20,000
To Sales A/C 20,000
01-12-21 Cash A/C Dr 5000
To Sales A/C 5000
 04-12-21 Salary A/C Dr 50,000
To Cash A/C 50,000
05-12-21 Charity A/C Dr 15,000
To Cash A/C 15,000
18-12-21 Stationery A/C Dr 4000
To Cash A/C 4000
23-12-21 Cash A/C Dr 60,000
To sales A/C 60,000
26 -12- 21 Advertisement A/C Dr 5000
To Cash A/C 5000
27-12-21 Rent A/C Dr
To Cash A/C 25,000 25,000

CASH BOOK
DATE PARTICULARS LF CASH BANK DATE PARTICULARS LF CASH BANK
2021 2021
1-Jan To Capital A/c 1000000 400000 3-Jan By Furniture A/c 300000 2500
3-Jan By Pulses & 6,00,000
Grain A/C
4-Jan To Sales A/c 20000 4-Jan By Purchases A/c 40000

15-Jan To Rent A/c 25000 5-Jan By Stationary A/c 10000

23- To Chandan A/c 4750 10-Jan By Purchases A/c 10000

Jan
15- To Sales A/c 15000 15-Jan By Rent A/c 25000
Feb
07- To Sahil Bhoi A/c 800 26 – Jan By Advertisement 2000
Mar A/c
19- To Sales 12000 27-Jan By Salary A/c 30000
Mar
06- To Yash Sharma 8000 5-Feb By Purchases A/c 10,000
Apr A/c
28- To Sales A/c 12000 06- Feb By Carriage 1,000
Apr Inwards A/c
1-May To Cash A/c 50000 07- Feb By Petty 6000
Expenses A/c
06- To Cash A/c 25000 18-Feb By Electricity Bill 5,000
May

10- To Sales A/c 9000 20 – Feb By Salary A/c 30000

May
28- To Sales A/c 25000 1 – Mar By Maintenance 6000
May A/c

13- Mar By Purchases A/c 4500

30 – By Stationery A/c 1000

Mar
31- Mar By Salary A/c 30000

1- Apr By Electricity A/c 5000

15-Apr By Commission 5000
A/c
27-Apr By Advertisement 4000
A/c
28- Apr By Water Bill A/c 3000

01- May By Salary A/c 30000

18-May By Purchases A/c 20000

23-May By Packed 5000

Snacks A/c
25-May By Advertisement 5000
A/c

1-June To Sales A/c 20000 8-June By Maintainance 15000

A/c
10-June By Advertisement 1000
A/c
 26-June By Salary A/c 30000

30-June By Rent A/c 25000

02-July By Investments 50000

A/c
06-Jul By Investments 2,50,000
A/c
11-Jul By Rent A/C 25000

15 Jul By Salary A/C 30000

15 Jul By Water Bill 1500

A/C
16-Jul By Advertisement 7500
A/C
19-Jul To Sales A/c 3,500 25-Jul By Sales Return 500
A/c
02-Aug By Salary A/C 50000

04-Aug By Insurance 10000

Premium A/C
07-Aug By Water Bill A/c 1500

14- To Sales A/C 5000 17-Aug By Rawat A/c 30000

Aug
18-Aug By Maintenance 7500
A/c
19- To Sales A/c 250000 24-Aug By Bank A/c 5000
Aug
19- To Sales A/c 30000 02- Sep By Stationery 1000
Sep A/c
04- To Sales A/c 20000 20-Sep By Advertisement 4500
Oct A/C
25- To Sales A/c 20000 22-Sep By Water Bill 1500
Nov A/C
01- To Sales A/c 5000 24- Sep By Bank A/c 5000
Dec
23- To Sales A/c 60000 01-Oct By Rent A/c 25000
Dec
 06-Oct By Taxes A/c 45000

13-Oct By Petty 5000

Expenses A/c
14-Oct By Salary A/c 50000

21-Oct By Purchases A/c 5000

28-Oct By Water Bill A/c 1500

02-Nov By Salary A/c 50000

14-Nov By Miscellaneous 5000

Purchases A/c
04-Dec By Salary A/c 50000
05-Dec By Charity A/c 15000
18-Dec By Stationery A/c 4000
26-Dec By Advertisement 5000
A/c
31Dec To Bal c/f 75,450 2,24,000

TOTAL 16,50,500 6,49,000 TOTAL 16,50,500 649000

 LEDGER
CAPITAL A/C

Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount

31-12-2021 To Bal C/F 14,00,000 01-012021 By Cash 10,00,000

A/C
01-01-2021 By Bank 4,00,000
A/C
Total 14,00,000 Total 14,00,000

CASH ACCOUNT

Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount
01-01-21 To Capital A/C 1000000 03-01-21 By Furniture A/C 300000
03-01-21 By Pulses & Grain A/C 6,00,000
04-01-21 To Sales A/C 20000 15-01 -21 By Rent A/C 25000
23-01-21 To Chandan A/C 4750 26-01-21 By Advertisement A/C 2000
15-02-21 To Sales A/C 15000 05-02-21 By Purchases A/C 10,000
07-03-21 To Sahil Bhoi 800 07-02-21 By Petty Expenses A/C 6000
A/C
19-03-21 To Sales A/C 12000 18-02-21 By Electricity Bill A/C 5000
06-04-21 To Yash Sharma 8000 20-02-21 By Salary A/C 30000
A/C
28-04-21 To Sales A/C 12000 01-03-21 By Maintenance A/C 6000
01-05-21 To Cash A/C 50000 13-03-21 By Purchases A/C 4500
06-05-21 To Cash A/C 25000 30-03-21 By Stationery A/C 1000
10-05-21 To Sales A/C 9000 31-03-21 By Salary A/C 30000
28-05-21 To Sales A/C 25000 01-04-21 By Electricity A/C 5000
1-06-21 To Sales A/C 20000 15-04-21 By Commission A/C 5000
19-07-21 To Sales A/c 3,500 27-04-21 By Advertisement A/C 4000
14-08-21 To Sales A/C 5000 01-05-21 By Salary A/C 30000
19-08-21 To Sales A/C 250000 18-05-21 By Purchases A/c 20000
19-09-21 To Sales A/C 30000 23-05-21 By Packed Snacks A/c 5000
04-10-21 To Sales A/C 20000 25-05-21 By Advertisement A/C 5000
25-11-21 To Sales A/C 20000 8-06-21 By Maintainance A/C 15000
01-12-21 To Sales A/C 5000 10-06-21 By Advertisement A/C 1000
23-12-21 To Sales A/C 60000 26-06-21 By Salary A/c 30000
30-06-21 By Rent A/C 25000
 02-07-21 By Investments 50000
11-07-21 By Rent A/C 25000
15-07-21 By Salary A/C 30000
15-07-21 By Water Bill A/C 1500
16-07-21 By Advertisement A/C 7500
25-07-21 By Sales Return A/c 500
02-08-21 By Salary A/C 50000
04-08-21 By Insurance Premium 10000
A/C
07-08-21 By Water Bill A/c 1500
17-08-21 By Rawat A/c 30000
18-08-21 By Maintenance A/c 7500
24-08-21 By Bank A/c 5000
02-09-21 By Stationery A/c 1000
20-09-21 By Advertisement A/C 4500
22-09-21 By Water Bill A/C 1500
01-10-21 By Rent A/c 25000
06-10-21 By Taxes A/c 45000
13-10-21 By Petty Expenses A/c 5000
14-10-21 By Salary A/c 50000
21-10-21 By Purchases A/c 5000
28-10-21 By Water Bill A/c 1500
02-11-21 By Salary A/c 50000
14-11-21 By Miscellaneous 5000
Purchases A/c
04-12-21 By Salary A/c 50000
05-12-21 By Charity A/c 15000
18-12-21 By Stationery A/c 4000
26-12-21 By Advertisement A/c 5000
31-12-21 To bal c/f 75,450
16,50,500 16,50,500

BANK A/C

Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount
01-01-21 To Capital A/c 400000 03-01-21 By Furniture A/c 2500
15-01-21 To Rent A/C 25000 05-01-21 By Stationary A/c 10000
10-01-21 By Purchases A/c 10000
27-01-21 By Salary A/c 30000
06- Feb By Carriage Inwards A/c 1000
 28- Apr By Water Bill A/c 3000
06-Jul By Investments A/c 2,50,000
24- Sep By Bank A/c 5000
31-12-2021 To Bal C/F 2,24,000
649000 649000

PULSES & GRAIN A/C

Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount
03-01-21 To Cash A/C 6,00,000 03-01-21 By Balance C/F 6,00,000

SALES A/C

Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount

31-12-2021 To Bal C/f 5,40,000 04-01-2021 By Cash A/c 20000

18-01-2021 By Chandan Stores A/c 5000
15-02-2021 By Cash A/c 15000
02-03-2021 By Sahil Bhai A/c 1000
19-03-2021 By Cash A/c 12000
24-03-2021 By Yash Sharma A/c 10,000
28-04-2021 By Cash A/c 12000
10-05-2021 By Cash A/c 9000
28-05-2021 By Cash A/c 25000
01-06-2021 By Bank A/c 20000
19-07-2021 By Cash A/c 3500
07-08-2021 By Cash A/c 50000
19-08-2021 By Cash A/c 250000
19-09-2021 By Cash A/c 3000
04-10-2022 By Cash A/c 20000
25-11-2022 By Cash A/c 20000
01-12-2022 By Cash A/c 5000
23-12-2022 By Cash A/c 60000

Total 5,40,000 Total 5,40,000

 PURCHASES A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount

04-01-2021 To Bank A/c 40000 09-11-2021 By Refrigerator 25000

Destroyed A/c
10-01-2021 To ITC A/c 10000 31-12-2021 By Balance C/f A/c 2,80,000
05-02-2021 To Cash A/c 10000
13-03-2021 To Cash A/c 5000
19-03-2021 To Yash Sharma A/c 10000
19-04-2021 To Ashok Bhoi A/c 25000
01-05-2021 To Cash A/c 50000
18-05-2021 To Cash A/c 20000
17-06-2021 To Anando Ltd A/c 5000
17-08-2021 To Rawat Ltd A/c 30000
05-09-2021 To Joshi A/c 15000
21-10-2021 To Cash A/c 5000
04-11-2021 To Cash A/c 80000

Total 3,05,000 Total 3,05,000

FURNITURE A/C
Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount

03-01-2021 To Bank A/c 3,00,000 31-12-2020 By Bal C/f 3,00,000

Total 3,00,000 3,00,000

STATIONARY A/C
Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount
05-01-2021 To Bank A/c 10000 31-12-2021 By Bal C/f 11000
30-03-2021 To Cash A/c 1000

Total 11000 Total 11000

 ITC Ltd A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount

31-12-2021 To Bal C/f 10000 10-01-2021 By Purchases A/c 10000

Total 10000 Total 10000

Chandan A/C
Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount

18-01-2021 To Sales A/c 5000 23-01-2021 By Cash A/c 4750

23-01-2021 By Discount Allowed `250
A/c

Total 5000 Total 5000

DISCOUNT RECEIVED A/C

Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount

31-12-2022 To Balance C/f A/c 6800 07-03-2021 By Purchases A/c 800

26-04-2021 By Ashok Bhoi Ltd 5000
A/c
19-11-2021 By Manyavar Ltd 1000
A/c

Total 6800 Total 6800

RENT A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
15-01-2021 To Cash A/c 25000 31-12-2022 By Bal C/f 150000
28-04-2021 To Cash A/c 25000
06-05-2021 To Cash A/c 25000
30-06-2021 To Cash A/c 25000
11-07-2021 To Cash A/c 25000
14-08-2022 To Cash A/c 25000

Total 150000 Total 150000

 SALES RETURN A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
31-12-2021 By Bal C/f 500
25-07-2021 To Cash A/c 500

Total 500 Total 500

CARRIAGE A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
06-02-2021 To Cash A/c 1000 31-12-2021 By Bal C/f 2000

Total 2000 Total 2000

ELECTRICITY BILL A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
25-01-2021 To Cash A/c 5000 31-12-2021 By Bal C/f 20000
18-02-2021 To Cash A/c 5000
01-04-2021 To Cash A/c 5000
30-07-2021 To Cash A/c 5000
Total 20000 Total 20000

INSURANCE PREMIUM A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
01-08-2021 To Bank A/c 10000 31-12-2021 By Bal C/f 10000

Total 10000 Total 10000

SAHIL BHOI A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
02-03-2021 To Sales A/c 1000 07-03-2021 By Cash A/c 800
By Discount Allowed 200
A/c
Total 1000 Total 1000
 Yash Sharma A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
24-03-2021 To Sales A/c 10000 06-04-2021 By Cash A/c 8000
By Bad Debt A/c 2000
Total 10000 Total 10000

Ashok Bhoi A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
26-04-2021 To Bank A/c 20000 19-04-2021 By Purchases A/c 25000
To Discount 5000
Received A/c
Total 25000 Total 25000

Anando A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
31-12-2021 To balance C/F A/c 5000 07-06-2021 By Purchases A/c 5000

Total 5000 Total 5000

SALARY A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
26-01-2021 To Cash A/c 30000 31-12-2021 By Bal C/f 460000
20-02-2021 To Cash A/c 30000
31-03-2021 To Cash A/c 30000
28-04-2021 To Cash A/c 30000
01-05-2021 To Cash A/c 30000
26-06-2021 To Cash A/c 30000
15-07-2021 To Cash A/c 30000
02-08-2021 To Cash A/c 50000
01-09-2021 To Cash Ac 50000
14-10-2021 To Cash A/c 50000
02-11-2021 To Cash A/c 50000
04-12-2021 To Cash A/c 50000
Total 460000 Total 460000
 BAD DEBT A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
06-04-2021 To Yash Sharma A/c 2000 31-12-2021 By Bal C/f 2000

Total 5000 Total 5000

COMMISSION A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
15-04-2021 To Cash A/c 5000 31-12-2021 By Bal C/f 5000

Total 5000 Total 5000

RAWAT LTD A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
17-08-2021 To Bank A/c 30000 17-08-2021 By Purchases A/c 30000

Total 30000 Total 30000

JOSHI LTD A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
31-12-2021 To balance C/F A/c 3,91,650 05-09-2021 By Purchases A/c 3,91,650

3,91,650 Total 3,91,650

MANYAVAR LTD A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
19-11-2021 To Cash A/c 14000 18-11-2021 By Purchases A/c 15000
19-11-2022 To Discount Received 1000
A/c

Total 15000 Total 15000

 WATER BILL A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
27-04-2021 To Cash A/c 3000 31-12-2021 By Balance C/f 10500
15-07-2021 To Cash A/c 1500
07-08-2021 To Cash A/c 1500
22-09-2021 To Cash A/c 1500
28-10-2022 To Cash A/c 1500
27-11-2021 To Cash A/c 1500
Total 10500 Total 10500

CHARITY A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
05-12-2021 To Cash A/c 15000 31-12-2021 By Balance c/f 15000
Total 15000 Total 15000

DOUBLE DOOR REFRIGERATOR A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
04-11-2021 To Cash A/c 80000 31-12-2021 By Bal C/F 80000

Total 80000 Total 80000

PETTY EXPENSES A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
07-02-2021 To Cash A/c 6000 31-12-2021 By Bal C/F 11000
13-10-2021 To Cash A/c 5000
Total 11000 Total 11000

ADVERTISING EXPENSES A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
26-01-2021 To Cash A/c 2000 31-12-2021 By Bal C/f 29000
27-04-2021 To Cash A/c 4000
25-05-2021 To Cash A/c 5000
15-06-2021 To Cash A/c 1000
16-07-2021 To Cash A/c 7500
20-09-21 To Cash A/c 4500
26-12-2021 To Cash A/c 5000
Total 29000 Total 29000

INVESTMENTS A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
02-07-2021 To Cash A/c 50000 31-12-2021 By Bal C/f 300000
06-07-2021 To Bank A/c 250000
Total 300000 Total 300000

INSURANCE PREMIUM A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
01-08-2021 To Cash A/c 10000 31-12-2021 By Bal C/f 10000

Total 10000 Total 10000

TAXES A/C
Dr.
Date Particulars JF Amount Date Particulars JF Amount
06-10-2021 To Cash A/c 45000 31-12-2021 By Bal C/f 45000

Total 45000 Total 45000

1
MAINTENANCE A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount

01-03-2021 To Cash A/c 6000 31-12-2021 By Bal C/f 21000

08-06-2021 To Cash A/c 15000
Total 21000 Total 21000

REFRIGERATOR DESTORYED A/C

Dr.
Date Particulars JF Amount Date Particulars JF Amount
09-11-2021 To Purchases A/c 25000 31-12-2021 By Bal C/f 25000

Total 25000 Total 25000

 TRIAL BALANCE
S.R. Particulars Dr. Cr.
01. Capital A/C 140000
02. Cash A/c 75,450
03. Sales A/c 5,40,000
04. Bank A/c 2,24,000
05. Purchases A/c 2,80,000
06. Furniture A/c 3,00,000
07. Stationery A/c 11,000
08. ITC Stores 10,000
09. Discount Received A/c 6,800
10. Rent A/c 150000
11. Sales Return A/c 500
12. Mahadev A/c 50,000
13. Carriage A/c 2,000
14. Electricity A/c 20,000
15. Insurance A/c 10,000
16. Salary A/c 4,60,000
17. Bad Debt A/c 5,000
18. Joshi Ltd A/c 3,91,650
19. Commission A/c 5,000
20. Water Bill A/c 10,500
21. Petty Expenses A/c 11,000
22. Charity A/c 15,000
23. Double Door Refridgerator A/c 80,000
25. Insurance Premium A/c 10,000
26. Advertising Expenses. A/c 29,000
27. Taxes A/c 45000
28. Maintenance A/c 21000
29. Refrigerator Destroyed A/c 25,000
30. Purchase Return A/c 4000
31. Bad Debts A/c 5,000
32. Pulses & Grain A/C 6,00,000
32. TOTAL 23,98,450 23,98,450

ADJUSTMENTS

1. Depreciation to be charged on Assets at 10% SLM.

2. Closing Stock at 60,000.

3. ½ of Advertisement Expenses are prepaid expenses.

4. ½ of Stationery was for personal use

I. TRADING ACCOUNT

TRADING ACCOUNT OF NAKSHATRA & PRATHAM SUPER STORE

For the year ended 31st December, 2021

Dr. Cr.
Particulars Amount Particulars Amount (INR)
(INR)

To Purchases A/C 2,80,000 By Sales 5,40,000

Less Returns 4000 2,76,000 Less Returns 500 5,39,500

To Pulses & Grain A/c

6,00,000 By Closing Stock 60,000
To Carriage A/c 2000
By Gross Loss 2,78,500

8,78,000 8,78,000
II. PROFIT AND LOSS A/C

PROFIT AND LOSS ACCOUNT

For the Year ended on 31st December 2021

Particulars Amount Particulars Amount (INR)

(INR)

To Gross Loss 2,78,500 By Discount Received 6,800

To Rent A/C 1,50,000 By Net Loss 11,30,200

To Electricity 20,000

To Insurance
10,000

To Bad Debts
5000
To Commission 5000
10,500
To Waterbill

To Petty Expenses 11,000

To Advertisement 29000

Less Prepaid Expenses 14500

14500
To Taxes 45000

To Maintainance
21000
To Refridgerator destroyed 25000

To Charity 15000

To Stationery 11,000
Less Drawings Stationery 5,500 5,500

To Salary
4,60,000

To Depreciation 38,000

To Insurance Premium 10000

11,54,000 11,54,000
III. BALANCE SHEET

BALANCE SHEET OF Nakshatra & Pratham Stores

As at 31st December 2021

LIABILITIES AMOUNT (INR) ASSETS AMOUNT

(INR)

Capital 14,00,000 Furniture 3,00,000

Less Drawings 5,500 Less Depreciation 30,000 2,70,000

Less Net Loss 11,30,200
2,64,300 Refrigerator 80,000

Mahadev A/C 50,000 Less depreciation 8,000 72,000

ITC Stores
10,000 Prepaid Expenses 14500
Joshi A/C
3,91,650 Closing Stock 60,000

Cash in Hand 75,450

Bank 2,24,000

715950 715950