29061712 tally assignment

8/4/2019 29061712 Tally Assignment

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Journal Entries

DATE PARTICULARS L.F. DEBIT CREDIT

Apr 1 Cash A/c Dr 20,00,00

0

To Capital A/c 20,00,000

(Being business started with cash)

.

Apr 2 SBI A/c Dr. 10,00,000

To Cash A/c 10,00,000

(Being cash deposited in State Bank of India)

Apr 3 PNB A/c Dr. 5,00,000

To Cash A/c 5,00,000

(Being cash deposited in Punjab National Bank)

Apr 4 Furniture A/c Dr. 1,00,000

To SBI A/c 1,00,000

(Being furniture purchased and payment made by cheque)

Apr 5 Machinery A/c Dr. 1,50,000To Tarun’s A/c 1,50,000

(Being machinery purchased from Tarun)

Apr 6 Purchase A/c Dr. 50,000

To Harish’s A/c 50,000

(Being goods purchased from Harish)




Apr 7 Jai’s A/c Dr. 2,00,000To Sales A/c 2,00,000

(Being goods sold to Jai)

Apr 8 Harish’s A/c Dr. 1,000

To Purchase Return A/c 1,000

(Being goods returned to Harish)

Apr 9 Harish’s A/c Dr. 49,000

To Discount Received A/c 4,000

To Cash A/c 45,000

(Being cash paid to Harish in full settlement of his account and discount received)

Apr 10 Sales Return A/c Dr. 10,000

To Jai’s A/c 10,000

(Being goods returned by Jai)

Apr 11 PNB A/c Dr. 1,80,000

Discount Allowed A/c Dr. 10,000

To Jai’s A/c 1,90,000(Being cash paid by Jai in full settlement of his account and discount allowed)

Apr 12 Purchase A/c Dr. 30,000

To Cash A/c 30,000

(Being goods purchased for cash)

Apr 13 SBI A/c Dr. 1,00,000




To Sales A/c 1,00,000

(Being goods sold and payment received by cheque)

Apr 14 Naman’s A/c Dr. 20,000

To Sales A/c 20,000

(Being goods sold to Naman)

Apr 15 Naman’s A/c Dr. 1,000

To Interest Received A/c 1,000

(Being interest charged on Naman for late payment)

Apr 16 Cash A/c Dr. 21,000

To Naman’s A/c 21,000

(Being cash paid by Naman in full settlement of his account)

Apr 17 Salary A/c Dr. 60,000

To PNB A/c 60,000

(Being salary paid by cheque)

Apr 18 Rent A/c Dr. 7,000

To Cash A/c 7,000(Being rent paid by cash)

Apr 19 Wages A/c Dr. 15,000

To Cash A/c 15,000

(Being wages paid)

Apr 20 Carriage Inward A/c Dr. 6,000




To Cash A/c 6,000

(Being carriage inward paid)

Apr 21 Carriage Outward A/c Dr. 7,500

To Cash A/c 7,500

(Being carriage outward paid)

Apr 22 Cash A/c Dr. 20,000

To SBI A/c 20,000

(Being cash withdrawn from State Bank of India)

Apr 23 Drawings A/c Dr. 4,000

To Cash A/c 4,000

(Being cash withdrawn by proprietor for personal use)

Apr 24 Union Bank A/c Dr. 10,000

To Cash A/c 10,000

(Being cash deposited in Union Bank for 5 years)

Apr 25 Drawings A/c Dr. 5,000

To SBI A/c 5,000(Being cash withdrawn from SBI by proprietor for personal use)

Apr 26 Traveling Expenses A/c Dr. 20,000

To SBI A/c 20,000

(Being traveling expenses paid by cheque)

Apr 27 Interest paid A/c Dr. 2,000




To SBI A/c 2,000

(Being interest charged by SBI)

Apr 28 Depreciation on Furniture A/c Dr. 10,000

To Furniture A/c 10,000

(Being depreciation charged on Furniture)

Apr 29 Tarun’s A/c Dr. 1,50,000

To SBI A/c 1,50,000

(Being amount paid to Tarun by cheque in full settlement of his account)

Apr 30 Depreciation on Machinery A/c Dr. 25,000

To Machinery A/c 25,000

(Being depreciation charged on machinery)

May

1 SBI A/c Dr. 1,00,000

To ICICI A/c 1,00,000

(Being loan taken from ICICI and deposited in SBI)

2 Interest paid A/c Dr. 10,000

To ICICI A/c 10,000

(Being interest charged by ICICI)

3 ICICI A/c Dr. 1,10,000

To SBI A/c 1,10,000

(Being loan paid back to ICICI in full settlement of its account)




4 Rajesh’s A/c Dr. 1,50,000To SBI A/c 1,50,000

(Being loan given to Rajesh)

5 Rajesh’s A/c Dr. 15,000

To Interest Received A/c 15,000

(Being interest charged on Rajesh)

6 SBI A/c Dr. 1,65,000

To Rajesh’s A/c 1,65,000

(Being loan paid back by Rajesh in full settlement of his account)

7 Furniture A/c Dr. 50,000

To SBI A/c 50,000

(Being furniture purchased and payment made by cheque)

8 SBI A/c Dr. 10,00,00

0

To SBI A/c 10,00,000

(Being commission received by cheque and deposited in SBI)

9 PNB A/c Dr. 5,00,000

To Brokerage Received A/c 5,00,000

(Being brokerage received by cheque and deposited in PNB)

10 PNB A/c Dr. 1,00,000

To Cash A/c 1,00,000




(Being cash deposited in PNB)

11 Drawings A/c Dr. 2,000

To Purchase A/c 2,000

(Being goods withdrawn by proprietor for personal use)

12 Land & Building A/c Dr. 11,00,000

To PNB A/c 11,00,000

(Being land & building purchased and payment made by cheque)

13 Profit & Loss A/c Dr. 10,000

To Provision for Bad & Doubtful Debts A/c 10,000

(Being provision created for bad & doubtful debts)

14 Profit & Loss A/c Dr. 5,000

To Provision for Discount on Debtors A/c 5,000

(Being provision for discount on debtors created)

15 Loss of goods by Theft A/c Dr. 1,000To Purchase A/c 1,000

(Being goods lost by theft)

16 Loss of goods by Fire A/c Dr. 500

To Purchase A/c 500

(Being goods lost by Fire)




17 Reliance Infocomm A/c Dr. 70,000

To SBI A/c 70,000

(Being amount invested in Reliance by cheque)

18 Transfer Inward A/c Dr. 10,000

To Aliganj Branch A/c 10,000

(Being goods purchased from Aliganj Branch)

19 Mahanagar Branch A/c Dr. 12,000

To Transfer Outward A/c 12,000

(Being goods sold to Mahanagar Branch)

Dr.

20 Computer A/c Dr. 25,000

Laptop A/c 66,000

To SBI A/c 91,000

(Being computer and laptop purchased and payment made by cheque)



Cash A/cDr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount

Apr 1 To Capital A/c 20,00,00

0

Apr 2 By SBI A/c 10,00,000

Apr 16 To Naman’s A/c 21,000 Apr 3 By PNB A/c 5,00,000

Apr 22 To SBI A/c 10,000 Apr 9 By Harish’s A/c 45,000

Apr 12 By Purchase A/c 30,000

Apr 18 By Rent A/c 7,000

Apr 19 By Wages A/c 15,000

Apr 20 By Carriage Inward A/c 6,000

Apr 21 By Carriage Outward A/c 7,500

Apr 23 By Drawings A/c 4,000

Apr 24 By Union Bank A/c 10,000

May 10 By PNB A/c 1,00,000

May 31 By Balance c/d 3,06,500

20,31,000

20,31,000

Jun 1 To Balance b/d 3,06,500



SBI A/cDate Particulars J.F. Amount Date Particulars J.F. Amount

Apr 2 To Cash A/c 10,00,00

0

Apr 4 By Furniture A/c 1,00,000

Apr 13 To Sales A/c 1,00,000 Apr 22 By Cash A/c 10,000

May 1 To ICICI A/c 1,00,000 Apr 25 By Drawings A/c 5,000

May 6 To Rajesh’s A/c 1,65,000 Apr 26 By Traveling Expenses A/c 20,000

May 8 To Commission Received A/c 10,00,000 Apr 27 By Interest paid A/c 2,000

Apr 29 By Tarun’s A/c 1,50,000

May 3 By ICICI A/c 1,10,000

May 4 By Rajesh’s A/c 1,50,000

May 7 By Furniture A/c 50,000

May 17 By Reliance Infocomm A/c 70,000

May 20 By Computer A/c 25,000

May 20 By Laptop A/c 66,000


23,65,000

23,65,000


0



PNB A/c

Capital A/c


Apr 3 To Cash A/c 5,00,000 Apr 17 By Salary A/c 60,000

Apr 11 To Jai’s A/c 1,80,000 May 12 By Land & Building A/c 11,00,000

May 9 To Brokerage Received A/c 5,00,000 May 31 By Balance c/d 1,20,000

May 10 To Cash A/c 1,00,000

12,80,00

0

12,80,000



May 31 To Balance c/d 20,00,00

0

Apr 1 By Cash A/c 20,00,000

20,00,00

0

20,00,000

Jun 1 By Balance b/d 20,00,000



Drawings A/c

Provision for Bad & Doubtful Debts

Provision for Discount on Debtors A/c

Furniture A/c


Apr 23 To Cash A/c 4,000 May 31 By Balance c/d 11,000

Apr 25 To SBI A/c 5,000

May 11 To Purchase A/c 2,000

11,000 11,000

Jun 1 To Balance b/d 11,000


May 31 To Balance c/d 10,000 May 13 By Profit & Loss A/c 10,000

10,000 10,000

Jun 1 By Balance b/d 10,000


May 31 To Balance c/d 5,000 May 14 By Profit & Loss A/c 5,000

5,000 5,000Jun 1 By Balance b/d 5,000


Apr 4 To SBI A/c 1,00,000 Apr 28 By Depreciation on Furniture A/c 10,000

May 7 To SBI A/c 50,000 May 31 By Balance c/d 1,40,000

1,50,000 1,50,000




Machinery A/cDate Particulars J.F. Amount Date Particulars J.F. Amount

Apr 5 To Tarun’s A/c 1,50,000 Apr 30 By Depreciation on Machinery A/c 25,000


1,50,000 1,50,000




Land & Building A/c

Computer A/c

Laptop A/c

Reliance Infocomm A/c


May 12 To PNB A/c 11,00,000


11,00,000

11,00,000

Jun 1 To Balance b/d 11,00,000Date Particulars J.F. Amount Date Particulars J.F. Amount

May 20 To SBI A/c 25,000 May 31 By Balance c/d 25,000

25,000 25,000




66,000 66,000

To Balance b/d 66,000



70,000 70,000




Union Bank A/c

Aliganj Branch A/c

Mahanagar Branch A/c

Sales A/c


Apr 24 To Cash A/c 10,000 May 31 By Balance c/d 10,000

10,000 10,000



May 31 To Balance c/d 10,000 May 18 By Transfer Inward A/c 10,000

10,000 10,000

Jun 1 By Balance b/d 10,000


May 19 To Transfer Outward

A/c

12,000 May 31 By Balance c/d 12,000

12,000 12,000





May 31 To Trading

A/c

3,20,000 Apr 7 By Jai’s A/c 2,00,000

Apr 13 By SBI A/c 1,00,000

By Naman’s A/c 20,000

3,20,000 3,20,000



Sales Return A/c

Transfer Outward

Purchase A/c


To Jai’s A/c 10,000 By Trading A/c 10,00010,000 10,000


May 31 To Trading

A/c

12,000 May 19 By Mahanagar Branch 12,000

12,000 12,000


Apr 6 To Harish’s A/c 50,000 May 11 By Drawings A/c 2,000

Apr 12 To Cash A/c 30,000 May 15 By Loss of Goods by Theft A/c 1,000

May 16 By Loss of Goods by Fire A/c 500

May 31 By Trading A/c 76,50080,000 80,000



Purchase Return A/c

Transfer Inward A/c

Carriage Inward A/c

Wages A/c


May 31 To TradingA/c

1,000 May 8 By Harish’s A/c 1,000

1,000 1,000


May 18 To Aliganj Branch 10,000 May 31 By Trading A/c 10,000

10,000 10,000


Apr 20 To Cash A/c 6,000 May 31 By Trading A/c 6,000

6,000 6,000


Apr 19 To Cash A/c 15000 May 30 By Trading A/c 15,000

15,000 15,000



Brokerage Received A/c

Commission

Received A/c

Discount

Received A/c

Interest Received A/c


May 31 To Profit & Loss

A/c

5,00,000 May 9 By PNB A/c 5,00,000

5,00,000 5,00,000

Date Particulars J.F. Amount Date Particulars J .F. Amount

May 31 To Profit & Loss

A/c

10,00,00

0

May 8 By PNB A/c 10,00,000

10,00,000

10,00,000


May 31 To Profit & LossA/c

4,000 Apr 9 By Harish’s A/c 4,000

4,000 4,000


May 31 To Profit and Loss A/c 16,000 Apr 15 By Naman’s A/c 1,000

May 5 By Rajesh’s A/c 15,000

16,000 16,000



Carriage Outward A/c

Depreciation

on Furniture A/c

Depreciation on Machinery A/c

Discount Allowed A/c


Apr 21 To Cash A/c 7,500 May 31 By Profit and Loss A/c 7,5007,500 7,500


Apr 28 To Furniture A/c 10,000 May 31 By Profit and Loss A/c 10,000

10,000 10,000


Apr 30 To Machinery A/c 25,000 May 31 By Profit and Loss A/c 25,000

25,000 25,000


Apr 11 To Jai’s A/c 10,000 May 31 By Profit and Loss A/c 10,000

10,000 10,000



Interest Paid A/c

Loss of Goods by Fire A/c

Loss of Goods by Theft A/c

Rent A/c


Apr 27 To SBI A/c 2,000 May 31 By Profit and Loss Account 12,000

May 2 To ICICI 10,000

12,000 12,000


May 16 To Purchase A/c 500 May 31 By Profit and Loss A/c 500

500 500


May 15 To Purchase A/c 1000 May 31 By Profit and Loss A/c 1000

1000 1000


Apr 18 To Cash A/c 7,000 May 31 By Profit and Loss A/c 7,000

7,000 7,000



Salary A/c

Traveling Expenses A/c

Harish’s A/c


Apr 17 To PNB

A/c

60,000 May 31 By Profit and Loss A/c 60,000

60,000 60,000


Apr 26 To SBI A/c 20,000 May 31 By Profit and Loss A/c 20,000

20,000 20,000


Apr 8 To Purchase Return A/c 1,000 Apr 6 By Purchase A/c 50,000

Apr 9 To Cash A/c 45,000

Apr 9 To Discount Received A/c 4,000

50,000 50,000



ICICI A/c

Jai’s A/c


May 3 To SBI A/c 1,10,000 May 1 By SBI A/c 1,00,000

May 2 By Interest Paid A/c 10,000

1,10,000 1,10,000


Apr 7 To Sales A/c 2,00,000 Apr 10 By Sales Return A/c 10,000

Apr 11 By PNB A/c 1,80,000

Apr 11 By Discount Allowed A/c 10,000

2,00,000 2,00,000



Naman’s A/c

Rajesh’s A/c

Tarun’s A/c

Date Particulars J.F. Amount Date Particulars J .F. Amount

Apr 14 To Sales A/c 20,000 Apr 16 By Cash A/c 21,000Apr 15 To Interest Received A/c 1,000

21,000 21,000


May 4 To SBI A/c 1,50,000 May 6 By SBI A/c 1,65,000

May 5 To Interest Received A/c 15,000

1,65,000 1,65,000


Apr 29 To SBI A/c 1,50,000 Apr 5 By Machinery A/c 1,50,000

1,50,000 1,50,000



Trial BalanceOf Pravah’s Business as on 31st May, 2009

Particulars Debit Credit

Cash A/c 3,06,500

SBI A/c16,07,00

0

PNB A/c 1,20,000

Capital A/c 20,00,000

Drawings A/c 11,000

Provision for Bad & Doubtful Debts A/c 10,000

Provision for Discount on Debtors A/c 5,000

Furniture A/c 1,40,000

Machinery A/c 1,25,000

Land & Building A/c11,00,00

0

Computer A/c 25,000

Laptop A/c 66,000

Reliance Infocomm A/c 70,000

Union Bank A/c 10,000

Aliganj Branch A/c 10,000Mahanagar Branch A/c 12,000

Sales A/c 3,20,000

Sales Return A/c 10,000

Transfer Outward A/c 12,000

Purchase A/c 76,500

Purchase Return A/c 1,000

Transfer Inward A/c 10,000



Carriage Inward A/c 6,000

Wages A/c 15,000

Brokerage Received A/c 5,00,000

Commission Received A/c 10,00,000Discount Received A/c 4,000

Interest Received A/c 16,000

Carriage Outward A/c 7,500

Depreciation on Furniture A/c 10,000

Depreciation on Machinery A/c 25,000

Discount Allowed A/c 10,000

Interest Paid A/c 12,000

Loss of goods by fire A/c 500

Loss of goods by theft A/c 1,000

Rent A/c 7,000Salary A/c 60,000

Traveling Expenses A/c 20,000

Profit & Loss A/c 15,000

38,78,00

038,78,000

29061712 tally assignment

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