April Month

Apr1 Anurag RAI started ABC Enterprise By bringing in Capital of Rs 1500000 by cheque and deposited in ICICI
bank by opening a new account.
Apr2 Mr Rai withdraw Rs50000 by cheque for shop expenditure from ICICI Bank(Cheque no 123451)
Apr3 He purchased furniture & fixture worth Rs 150000 for the shop by cheque (cheque no 123452)
Apr4 Mr. Rai rented a premise for his business at Rs 3500 per month. He paid a security deposit of Rs 25000 by
cheque(cheque no 123453)
Apr5 Mr Rai issued a cheque to purchase the following Assets (cheque no 123454) Cell Phone Rs 5500 15%
depreciation, Computer Rs 25500 60% depreciation, Electrical Fittings Rs 5000 10% depreciation, Motor
Vehicle Rs 40000 15% depreciation.
Apr6 Mr Rai hired R. Bhatt as Sales Executive Rs 4000, J. Sengupta as Salesman Rs 3500, S. Mathur as Accountant
Rs 2500, A. Nair as Clerk Rs 1500. A. Nair also in charge of Petty Cash and submit expenses at the end of
each month.
Apr7 He has purchased the following items from A2Z Traders on credit
High Capacity Stabilizers- Qty 100- Rate 600- Value 60000- Input GST 12%- Total 67200
Apr8 He has purchased the following items from A2Z Traders on credit
Low Capacity Stabilizers- Qty 100- Rate 400- Value 40000- Input GST 12%- Total 44800
Open well pump - Qty 50- Rate 1500- Value 75000- Input GST 5%- Total 78750
Submersible Pumps - Qty 100- Rate 2000- Value 200000- InputGST 5%- Total 210000
- (333550)
Apr9 Mr. Rai paid carriage inward expenses of Rs 500 in cash on Purchases made on Apr7 and Apr8
Apr10 Mr. Rai transferred Rs 10000 to Petty Cash from Cash to meet the day-to-day expenses
Apr11 Mr Rai withdraw Rs 5000 in cash for personal use.
Apr12 GST adjustable entry.
May Month
May1 Mr Rai paid Salaries through cheque for April (ch. No 123455). The details are as follows: R. Bhatt-2400(18
days), J. Sengupta-2100(18 days), S.Mathu-1500(18 days), A. Nair-900(18days)
May2 Mr Rai paid Rs 2500 cash for Stationary, printing invoices and vouchers to Cannon Traders
May3 Mr Rai received the statement of expenditure from Petty Cashier for April as Stationary Purchased(Rs
2500), Cell Phone Bill(Rs 6000), Shop Maintenance Expense(Rs 450) and Conveyance Expense(Rs 250)
May4 Mr. Rai paid Rs 3500 by cheque towards shop rent for April(ch no 123456)
May5 Mr. Rai sold the following items for cash, details are as follows
High Capacity Stabilizers- Qty 50- Rate 850- Value 42000- Output GST 12%- Total 47600
Open Well Pump- Qty 15- Rate 1700- Value 25500- Output GST 5%- Total 26775
(74375)
May6 Mr. Rai issued a cheque to A2Z Traders for 398750 after deducting the Discount of Rs 2000. He received
discount as he agreed to pay the entire bill amount(ch no 123457)
May7 He withdrew Rs 4000 in cash for personal use
May8 He received the statement of expenditure from Petty Cashier for May of Rs 200
May9 He received the statement of expenditure from Petty Cashier for May of Rs 200
May10 He issued a cheque of Rs.11000 to the Petty Cash(ch no 123458)
June Month
Jun1 Mr Rai paid salaries for May2018 by cheque(ch no 123459)
Jun2 Mr. Rai purchased the following goods from Pacific Traders on credit for 30 days. Interest is to be
calculated at 10% per annum.(GST no 19BNJPM1287M1ZD).
High Capacity Stabilizers- Qty 200- Rate 650- Value 130000- Input GST 12%- Total 145600
Open well pump - Qty 300- Rate 1600- Value 480000- Input GST 5%- Total 540000
(649600)
Jun3 Mr. Rai paid Carriage inwards for Rs 400 in cash
Jun4 Mr Rai sold following items to Java Tradings on credit for 45 days Interest charged is at 15% per annum if
payment is not made within credit period.
 High Capacity Stabilizers- Qty 25- Rate 900- Value 22500- Output GST 12%- Total 25200
Submercible pump - Qty 30- Rate 2500- Value 75000- Output GST 5%- Total 787500
(103950)
Jun5 Mr.Rai withdrew Rs.5000 in cash for personal use
Jun6 Mr. Rai deposited cash of Rs.40000 to ICICI Bank
Jun7 Mr. Rai paid Rs.2000 in cash to Mr. J. Sengupta as salary advance
Jun8 24Mr. Rai received the statement of expenditure from Petty Cashier on end The statement is as follows
Insurance Premium for the period July to June – 2400 Conveyance expenditure of Marketing Executive –
600 Shop maintenance expenses – 550 Electricity Expenses – 500
Jun9 GST adjustment entry
July Month
Jul1 Mr. Rai paid the salaries through cheque for June
Jul2 Mr. Rai purchased the following items under a Sales Offer from A2Z Traders. He paid by cheque.
The offer is as follows On purchase of 10 High Capacity Stabiliser, 1 High Capacity Stabiliser is given as free
of cost. On purchase of 5 Low Capacity Stabiliser, 1 Low Capacity Stabiliser is given as free of cost.
High Capacity Stabilizers- Qty 50(Free5-Tot 55)- Rate 650- Value 32500- Input GST 12%- Total 36400
Low Capacity Stabilizers- Qty 20(Free4-Tot 24)- Rate 400- Value 8000- Input GST 12%- Total 8960
(45360)
Jul3 Mr Rai paid by cheque to Pacific Traders towards bill of June. Due to late payment (11days) he has to pay
interest in addition to bill amount. Bank Interest Due 1958.
Jul4 Mr. Rai introduced a sales offer and sold the following items on credit to Java Tradings and Data Tech
Services
Java Tradings:
High Capacity Stabilizers- Qty 20(Free2-Tot 22)- Rate 750- Value 15000- Output GST 12%- Total 16800
Low Capacity Stabilizers- Qty 5(Free1-Tot 6)- Rate 450- Value 2250- Output GST 12%- Total 2520
(19320)
Data Tech Services:
High Capacity Stabilizers- Qty 30(Free3-Tot 33)- Rate 750- Value 22500- Output GST 12%- Total 25200
Low Capacity Stabilizers- Qty 15(Free3-Tot 18)- Rate 450- Value 6750- Output GST 12%-Total 7560
(32760)
Jul5 Mr. Rai received a cheque from Java Tradings and Data Tech Services in settlement of bills Aug4
Jul6 He received the statement of expenditure for the month July from Petty Cashier as follows Advertising
Expenses incurred(1500), Conveyance Expense(600), Donation to charitable Trust(600), Electricity
Expenses(500), Shop maintenance Expenses(550)
Jul7 GST adjustable Entry
August Month
Aug1 Mr Rai paid Salaries by cheque for July
Aug2 He paid rent in cash for July
Aug4 He paid in cash Rs 7500 to Petty Cash a/c
Aug5 Mr. Rai sold the following items to Seacrest Traders and allowed a trade discount at the rate of 5%(State
UP)
High Capacity Stabilizers- Qty 90- Rate 900- Value 76950- IGST 12%- Total 86184
Aug6 Mr. Rai received cheque from Seacrest Traders towards the bill Aug5.
Aug7 Mr. Rai received a cheque from Java Tradings towards the bill dated Jun4 and also the interest of 32 days.
Aug8 He received the statement of expenditure for the month August from Petty Cashier as follows Cell Phone
bill paid(800), Conveyance Expense(600), Electricity Expenses(350), Shop maintenance Expenses(400)
Aug9 GST adjustment entry
September Month
Sep1 Mr. Rai paid salaries and rent by cheque for August
Sep2 Mr. Rai purchased the following goods from A2Z Traders.The details are as follows:
Low Capacity Stabilizers- Qty 100- Rate 550- Value 55000- Input GST 12%- Total 61600
 Submersible pumps - Qty 50- Rate 2100- Value 105000- Input GST 5%- Total 110250

(171850)
Sep3 Mr. Rai sold following items to Data Tech Services on credit draw a bill of exchange for 30days which was
duly accepted by them
Low Capacity Stabilizers- Qty 100- Rate 550- Value 55000- Input GST 12%- Total 61600
Submersible pumps - Qty 50- Rate 2500- Value 125000- Input GST 5%- Total 131250
(192850)
Sep4 Mr.Rai withdrew Rs.6000 from ICICI Bank for personal use
Sep5 Mr. Rai sold following item to Java Tradings on credit of 45 days
High Capacity Stabilizers- Qty 80- Rate 700- Value 56000- Output GST 12%- Total 62720
Submersible pumps- Qty 60- Rate 2300- Value 138000- Output GST 5%- Total 144900

(207620)
Sep6 Mr. Rai returned 10 Low Capacity Stabilizers to A2Z Traders as they were not according to the
specifications
Sep8 He received the statement of expenditure for the month September from Petty Cashier as follows
Conveyance Expense(600), Electricity Expenses(350), Shop maintenance Expenses(550)
Sep9 Mr Rai received Bank Statement from ICICI Bank and found that Rs 550 has been charged as half yearly
bank charges
Sep10 GST adjustable entry
October Month
Oct1 Java Tradings returned following items, out of sales made on Sep5 as they were excess of its requirements:
High Capacity Stabilizers (15), Submersible pumps (10)
Oct2 Mr.Rai paid Salaries and rent of shop by cheque for September
Oct3 Mr Rai deposited the bills received from Data Tech Services.x
Oct4 Mr Rai sold following items to Seacreast Trader on credit(GSTN no given)
Open well pump - Qty 200- Rate 1900- Value 361000- IGST 5%- Total 379050
Oct5 Mr. Rai issued a cheque to A2Z Traders towards the purchase made on Sep2 x
Oct6 Mr Rai received a cheque from Java Tradings against sales made on Sep9 x
Oct7 He received the statement of expenditure for the month October from Petty Cashier as follows Cell Phone
bill(1500), Conveyance Expense(600), Electricity Expenses(400), Shop maintenance Expenses(450)
Oct8 GST Adjustment Entry.
November Month
Nov1 Mr.Rai paid Salaries and rent of shop by cheque for October
Nov2 He issued a cheque of Rs 8000 to the Petty Cashier
Nov3 He issued a cheque of Rs 8000 to the Petty Cashier x
Nov4 Mr Rai received a cheque from Seacreast Trader in settlement of his bills dated Oct4
Nov5 Mr. Rai started trading in a new product and purchase from Iconic Enterprize on credit(State UP)
Electric Heater- Qty 30- Rate 400- Value 12000- Input IGST 12%- Total 13400
Nov6 Mr. Rai paid Rs.4500 by cheque for the cell phone he purchased for his sales executive.
Nov7 Mr. Rai sold the following items to Seacrest Traders on credit
Open well Pumps- Qty 50- Rate 1800- Value 85500- IGST 5%- Total 89775
Nov8 He received the statement of expenditure for the month November from Petty Cashier as follows Cell
Phone bill(1100), Conveyance Expense(600), Electricity Expenses(300), Shop maintenance Expenses(500)
Nov9 GST Adjustment Entry.
December Month
Dec1 Mr.Rai paid Salaries and rent of shop by cheque for November
Dec2 Mr. Rai settled the bill Nov5 of Iconic Enterprize by cheque.
Dec3 Mr.Rai withdrew Rs.6000 from ICICI Bank for personal use
Dec4 Mr. Rai settled the bill Nov7 of Seacrest Traders by cheque.
Dec5 Mr. Rai sold the following items for cash in an exhibition organized by V-Guard Company.
High Capacity Stabilizers- Qty 35- Rate 850- Value 29750- Input GST 12%- Total 61875
Electric Heater- Qty 30- Rate 550- Value 16500- Input GST 12%- Total 18532
Open Well Pumps- Qty 25- Rate 1800- Value 45000- Input GST 5%- Total 46800
Submersible pumps- Qty 20- Rate 2400- Value 48000- Input GST 5%- Total 49200
(149450)
Dec6 Mr. Rai paid Rs. 2500 in cash for the space provided in the Exhibition.
Dec7 He received the statement of expenditure for the month November from Petty Cashier as follows Cell
Phone bill(1200), Conveyance Expense(600), Electricity Expenses(400), Shop maintenance Expenses(450)
Dec8 GST Adjustment Entry.
January Month
Jan1 Mr. Rai paid salaries and rent by cheque for December
Jan2 He deposited Rs.120000 cash in ICICI Bank
Jan3 Mr. Rai purchased the following goods from XTech Services(State Orissa GST No. 21AACF03890L1Z5) on
credit.The details are as follows:
Submersible pumps - Qty 50- Rate 1800- Value 90000- Input GST 5%- Total 94500
Jan4 Mr. Rai sold the following goods from SoftTech Traders(UP) on credit.The details are as follows:
Submersible pumps- Qty 30- Rate 2500- Value 75000- Input GST 5%- Disc 5%- Total 74812.50
Jan5 Mr Rai withdraw Capital of Rs.500000 from the firm by cheque.
Jan6 Mr. Rai received a cheque from SoftTech Traders for sales made on Jan4
Jan7 He received the statement of expenditure for the month January from Petty Cashier as follows Cell Phone
bill(800), Conveyance Expense(500), Electricity Expenses(350), Shop maintenance Expenses(450)
Jan8 GST Adjustment Entry.
February Month
Feb1 Mr. Rai paid salaries and rent by cheque for January
Feb2 Mr. Rai purchased the following goods from Pacific Services(State WB) on credit.The details are as follows:
High Capacity Stabilizer - Qty 50- Rate 500- Value 25000- Input GST 12%- Total 28000
Open Well pumps- Qty 30- Rate 1500- Value 45000- Input GST 5%- Total 47250
(75250)
Feb3 Mr. Rai purchased the following goods from WinTech Services(State Jharkhand) on credit.The details are as
follows:
Low Capacity Stabilizer - Qty 50- Rate 450- Value 22500- Input GST 5%- Total 23625
Feb4 Mr. Rai purchased the following goods from Icon Enterprize on credit.The details are as follows:
Submercible Pumps- Qty 30- Rate 220- Value 6600- Input GST 5%- Total 6930
Feb5 Mr. Rai sold the following goods to Gujarat State Trading Corporation(State Gujarat) on credit.The details
are as follows:
Submercible Pumps- Qty 40- Rate 2500- Value 100000- Output GST 5%- Total 105000
Feb6 Mr. Rai sold the following goods to Java Tradings on credit.The details are as follows:
Open Well Pumps- Qty 40- Rate 1600- Value 64000- Output GST 5%- Total 67200
Feb7 Rai withdraw Rs.5000 from Bank for personal use.
Feb8 He received the statement of expenditure for the month February from Petty Cashier as follows Cell Phone
bill(1300), Conveyance Expense(700), Electricity Expenses(450), Shop maintenance Expenses(400)
Feb9 GST Adjustment Entry.
March Month
Mar1 Mr. Rai paid salaries and rent by cheque for February
Mar2 Mr. Rai honoured the bills payable which was drawn by Pacific Traders by issuing a cheque.
Mar3 Mr. Rai sold the following goods from Sunshine Services(State Telengana, GSTN No. given) on credit.The
details are as follows:
High Capacity Stabilizer - Qty 30- Rate 850- Value 25500- Input GST 12%
Open Well pumps- Qty 50- Rate 1550- Value 77500- Input GST 5% (109935)
Mar4 Mr. Rai sold the following goods from Seacrest Trader on credit.The details are as follows:
 High Capacity Stabilizer - Qty 5- Rate 950- Value 4750- Input GST 12%
Low Capacity Stabilizer - Qty 15- Rate 750- Value 11250- Input GST 12% (17024)
Mar5 Rai withdraw Rs.5000 from Bank for personal use.
Mar6 He received the statement of expenditure for the month March from Petty Cashier as follows Cell Phone
bill(1800), Conveyance Expense(700), Electricity Expenses(500), Shop maintenance Expenses(350)
Mar7 GST Adjustment Entry