Journal entries J

Cash A/c 6,000,000 Furniture & fixtures A/c

Building A/c 2,000,000
To Loan from Father A/c 8,000,000 ( being computer café g
( being loan recd from father to start the business)
Sales Promotion A/c
Bank A/c 6,000,000
To Loan from bank A/c 6,000,000 ( being payment made f
( being loan recd from bank )
Cash A/c
Bank A/c 5,760,000
To Cash A/c 5,760,000 ( being amount recd for
( being cash deposited )
Bank A/c
Computers A/c 8,000,000
To Bank A/c 8,000,000 ( being cash deposited )
( being computers purchased )
cash A/c
Security deposit for electricity A/c 40,000
To Bank A/c 40,000 ( being amount recd for
( being amount deposited for electricity connection)
Bank A/c
Security deposit with BSNL & Airtel A/c 2,400,000
To Bank A/c 2,400,000 ( being cash deposited )
( being amount deposited for telephone and internet)
 Journal entries Journal entries

Furniture & fixtures A/c 800,000 Computer Stationery A/c

To Bank A/c 800,000 To Bank A/c
( being computer café get furnished ) ( being payment made for computer statione

Sales Promotion A/c 120,000 Cash A/c

To bank A/c 120,000 To Receipts from computer statio
( being payment made for pamphlet ) ( being amount recd for computer stationery

Cash A/c 80,000 Bank A/c

To Fees for Courses A/c 80,000 To cash A/c
( being amount recd for courses ) ( being cash deposited )

Bank A/c 80,000 Telephone Chages A/c

To cash A/c 80,000 Petty Expenses A/c
( being cash deposited ) Maintainence Expenses A/c
Entertainment Expenses A/c
cash A/c 1,920,000 To Bank A/c
To Internet subscription Receipts A/c 1,920,000
( being amount recd for internet subscription ) Electricity Chages A/c
To Electricity Chages Payable A/c
Bank A/c 1,920,000
To cash A/c 1,920,000 Helper's Salary A/c
( being cash deposited ) To Bank A/c

Drawings A/c
Drawings A/c
To Bank A/c

Loan from bank A/c

Interest On loan A/c
To Bank A/c

Depreciation A/c
To computer A/c
To Furniture A/c
To Building A/c

Fees for Courses A/c

Receipts from computer stationery
Internet subscription Receipts A/c
To Trading A/c
 Journal entries

Stationery A/c 1,200,000

To Bank A/c 1,200,000
yment made for computer stationery )

8,000,000
To Receipts from computer stationery A/c 8,000,000
ount recd for computer stationery )

8,000,000
To cash A/c 8,000,000
sh deposited )

e Chages A/c 720,000

240,000
nce Expenses A/c 192,000
ment Expenses A/c 192,000
To Bank A/c 1,344,000

Chages A/c 2,400,000

To Electricity Chages Payable A/c 2,400,000

192,000
To Bank A/c 192,000

720,000
720,000
To Bank A/c 1,440,000

2,000,000
600,000
To Bank A/c 2,600,000

2,180,000
To computer A/c 2,000,000
To Furniture A/c 80,000
To Building A/c 100,000

ourses A/c 80,000

rom computer stationery 8,000,000
ubscription Receipts A/c 1,920,000
To Trading A/c 10,000,000
 Cash A/c
To Loan from Father A/c 6000000 Bank A/c 5760000
To Fees for Courses A/c 80000 Bank A/c 80000
To Internet subscription Receipts A/c 1920000 Bank A/c 1920000
To Receipts from computer stationery A/c 8000000 Bank A/c 8000000
By bal c/d 240000
16000000 16000000

loan from bank a/c

To Bank A/c 2000000 Bank A/c 6000000

To bal c/d 4000000

Security deposit with BSNL & Airtel A/c

To Bank A/c 2400000

By bal c/d 2400000

Computer Stationery A/c

To Bank A/c 1200000

By Trading A/c 1200000

 Maintainence Expenses A/c
To Bank A/c 192000

By P/L A/c 192000

Depreciation A/c
To computer A/c 2000000
To Furniture A/c 80000
To Building A/c 100000
By P/L A/c 2180000

Trial Balance
Amount ( Dr.) Amount ( Cr.)

Cash A/c 240000

Bank A/c 3816000
Building A/c 1900000
computer A/c 6000000
Security deposit for electricity A/c 40000
Security deposit with BSNL & Airtel A/c 2400000
Furniture & fixtures A/c 720000
loan from father A/c 8000000
loan from bank a/c 4000000
Sales Promotion A/c 120000
Telephone Chages A/c 720000
Maintainence Expenses A/c 192000
Entertainment Expenses A/c 192000
Petty Expenses A/c 240000
Interest On loan A/c 600000
Depreciation A/c 2180000
Drawings A/c 1440000
Fees for Courses A/c 80000
Receipts from computer stationery A/c 8000000
Internet subscription Receipts A/c 1920000
Computer Stationery A/c 1200000
22000000 22000000
 Ledger

Bank A/c
To Loan from bank A/c 6000000 Computers A/c 8000000
To Cash A/c 5760000 Security deposit for electricity A/c 40000
To cash A/c 80000 Security deposit with BSNL & Airtel A/c 2400000
To cash A/c 1920000 Furniture & fixtures A/c 800000
To cash A/c 8000000 Sales Promotion A/c 120000
Computer Stationery A/c 1200000
Telephone Chages A/c 720000
Petty Expenses A/c 240000
Maintainence Expenses A/c 192000
Entertainment Expenses A/c 192000
Drawings A/c 1440000
Loan from bank A/c 2000000
Interest On loan A/c 600000

By bal c/d 3816000

21760000 21760000

computer A/c
To Bank A/c 8000000 Depreciation A/c 2000000

By bal c/d 6000000

Furniture & fixtures A/c

To Bank A/c 800000 Depreciation A/c 80000

By bal c/d 720000

Receipts from computer stationery A/c

Cash A/c 8000000

To Trading A/c 8000000

 Entertainment Expenses A/c
To Bank A/c 192000

By P/L A/c 192000

Trading and Profit and loss for the year ended 31st march 2023
To Computer Stationery 1200000 Fees for Courses A/c 80000
Receipts from computer stationery A/c 8000000
Internet subscription Receipts A/c 1920000
To gross profit 8800000

Sales Promotion A/c 120000 By gross profit 8800000

Telephone Chages A/c 720000
Maintainence Expenses A 192000
Entertainment Expenses 192000
Petty Expenses A/c 240000
Interest On loan A/c 600000
Depreciation A/c 2180000
Drawings A/c 1440000
To net profit 3116000
ger

Building A/c loan from father A/c

To Loan from Father A/c 2000000 Depreciation A/c 100000

By bal c/d 1900000

To bal c/d 8000000

Security deposit for electricity A/c Fees for Courses A/c

To Bank A/c 40000
By bal c/d 40000
To Trading A/ 80000

Sales Promotion A/c Internet subscription Receipts A/c

To bank A/c 120000

By P/L A/c 120000 To Trading A/ 1920000

Telephone Chages A/c Petty Expenses A/c

To bank A/c 720000 To bank A/c 240000

By P/L A/c 720000

 Drawings A/c Interest On loan A/c
To bank A/c 1440000 To bank A/c 600000

By P/L A/c 1440000

Balance sheet as at 31st march 2023

loan from father A/c 8000000 Cash A/c 240000

loan from bank a/c 4000000 Bank A/c 3816000
Building A/c 1900000
Net profit 3116000 computer A/c 6000000
Security deposit for 40000
Security deposit wi 2400000
Furniture & fixture 720000

15116000 15116000
 loan from father A/c
Cash A/c 6000000
Building A/c 2000000

Fees for Courses A/c

Cash A/c 80000

net subscription Receipts A/c

cash A/c 1920000

Petty Expenses A/c

By P/L A/c 240000

Interest On loan A/c

By P/L A/c 600000