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1. ASHOK & CO.

Ashok Started Business By Investing Rs. 10,000 . Cash Deposited In The Bank Of India Rs. 5,000

. Material Purchased For Rs. 2,500 On Cash . Amount Spent On The Traveling Rs. 57. And Legal

Fee Rs. 500 Paid By Cash . Goods Sold On Cash Rs. 3590. And Charges Sales Tax 10% Goods

Purchased For Rs. 3400 And Paid Carriage For Rs. 45 And Octroi Rs.12 By Cash.Wages Paid For

Rs.200. Interest Received Rs. 590. Salary Paid To Staff For Rs. 800. Goods Sold On Cash Rs.

4590 And Charges Sales Tax 7% . Cash Withdrawn From The Bank Of India Rs. 500. Rent Paid

To Land Lord Rs. 800 By Cash.

2. SEETA & GEETA CO.

Seeta And Geeta Started Business By Investing Rs. 15000 Each. Cash Deposited In The Bank Of

India Rs. 10,000. Goods Purchased On Cash Rs. 10,900. Rent Paid By Cheque 500. Amount

Spent On The Stationery Rs. 340 And On Postage Rs. 45. Cash Paid For Staff Welfare Rs. 30.

For Legal Fee Rs. 340 And For Traveling Exp. Rs. 80. Goods Sold On Cash Basis Rs. 4690 And

Charges Sales Tax 5%. Goods Purchase From Radha & Co. For Rs.15900. Carriage Paid By

Cash For Rs. 200. Salary Paid By Cheque Rs.800. Cheque Issued To Radha & Co. For Rs. 5900.

Cash Deposited In Bank Of India Rs.500. Cash Paid For Staff Welfare Rs. 30 And For The Petrol

Of Car Rs. 200. Amount Spent On The Business Promotion Rs. 280 And On The Repair Of The

Scooter Rs. 20.Cash Paid For White Wash Of Building Rs. 340. Goods Sold On Cash Rs.5500

And Charges Sales Tax 7% .

3. RAM & SHAM CO.

Ram And Sham Started Business With Rs.1,00,000 Each. Cash Deposited In Vijay Bank For Rs.

7,5000. Scooter Purchased For Rs. 5000 And Furniture For Rs. 2,900 By Cash . Rent Paid For

The Shop Rs. 1,900. Calculator Purchased For Rs.290. And Fan For Rs. 480 . Goods Purchased

From Navyug India Co. Rs. 25,490 On Credit. Cheque Issued To Navyug India Co. For Rs.

10,000. Goods Sold On Credit To Hari & Co. For Rs. 14,500 And Charges Sale Tax 6% . Salary

Paid To Staff Rs. 1000 And Electricity Bill Paid Rs. 340 By Cash . Amount Spent On The

Stationery Rs. 430 . Goods Sold On Cash Basis Rs. 5500 And Charges Sales Tax 6% . Cash

Deposited In The Vijay Bank Rs. 2000 . Bank Charges Taken By The Bank Rs. 455. Wages Paid

To The Workers Rs. 1490. Carriage Paid On The Sales Rs. 378 And Traveling Exp. For Rs. 249

By Cash . Cash Withdrawn From The Bank Rs. 1200. Goods Sold To Neena Traders Rs. 12,457

And Charges Sales Tax 6% On Credit . Cash Taken For The Personal Use By Both The Partners

Rs. 1000 Each . Stock Insurance Paid For Rs. 250 By Cheque . Amount Spent On Repair Of

Furniture Rs. 50 And On Petrol Of Scooter Rs. 100 .Goods Purchase On Cash Basis Rs. 12,800 .

Cash Paid For Manufacturing Exp. Rs. 239, Telephone Bill Paid For Rs. 129 And Advertising Exp.

For Rs. 340. .



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4. SOHAN & CO.

Sohan Started Business With Rs. 1,00,000 . Cash Deposit In Bank Of India Rs. 50,000 . He Took

Loan Of Rs. 50,000 From State Bank Of India And That Money Was Deposited In Bank Of India .

Goods Purchased On Cash Rs. 25,000 . Goods Purchased On Credit From Sudha & Co. For Rs

55,000 . Cheque Issued To Sudha & Co. For Rs. 25,000 . Goods Sold On Cash Rs. 15,000 And

Charges Sales Tax 5% . Goods Sold On Credit For Rs. 28,000 And Charges Sales Tax 5% And

Packing Charges Were Rs. 250 To Ashok & Co. . Goods Sold To Amirchand For Rs. 22,000 On

Credit . Cash Deposited In State Bank Of India Rs. 5000 . Cash Withdrawn From Bank Of India

For Rs. 2000 . Bank Charges Charged By State Bank Of India For RS. 2500 . Interest Received

From Bank Of India Rs. 500 . Goods Return To Sudha & Co. For Rs. 2500 . Cheque Issues To

Sudha & Co. Rs. 25,000 Dishonored And One New Cheque Issued To Sudha & Co. For Rs.

1500 . And Cash Paid To Sudha & Co. Rs. 10,000. Goods Returned By Amirchand For Rs. 1500.

Cheque Received From Amirchand Rs. 12,000 . Cheque Received From Ashok & Co. For Rs.

10,000. Goods Loss By Fire Rs. 5000 . Sohan Took A Cheque Of Rs. 1000 For His Personal Use .

Cheque Received From Ashok And Co. For Rs. 10,000 Was Dishonored.Goods Taken By Owner

For Rs. 500 For Personal Use . Goods Donated Rs. 250 . Rent Paid By Cheque Rs. 1000 .

Advance Given To Staff Rs. 2000 . Loan Taken From Wife Rs. 10,000. Amount Spent On Scooter

Petrol Rs. 250 . School Fee Of Sohan’s Childre Paid By Cheque Rs. 1000.

5. RAM & SON’S

Ram Starded Business With A Capital Of Rs. 50,000. He Deposited Rs. 25,000 In Bank Of India .

Purchased Goods From M/S Amar & Co. For Rs. 10,000 On Credit . Rent Paid By Cheque Rs.

500. Cash Sales For Rs. 2000 And Cash Discount 2% Allowed . Furniture Purchased On Cash Rs.

1200 . Cash Deposited In Bankof India Rs. 800. Goods Sold To Radha & Co. For Rs. 13,000 And

Trade Discount Allowed 2% . Salary Paid Rs. 1000. Cash Received From Radha &Co. Rs. 5000.

Cheque Received From Radha & Co. Rs. 2000 . Cheque Issued Toamar & Co. Rs. 1000. Bank

Charges Taken By Bank Of India Rs. 50 . Telephone Bill Paid Rs. 350 By Cash . Goods Sold For

Rs. 25,00 . Stock Insurance Paid By Cheque Rs. 550. Goods Purchased For Rs. 45,00 And

Received Cash Discount 2% . Goods Returned By Radha & Co. Rs. 1200. Cash Withdrawn From

Bank Of India Rs. 1500 . Amount Spent On Legal Exp. Rs. 450. Interest Received From Bank Of

India Rs.850. Cash Received From Radha & Co. Rs. 1000. Cheque Received From Radha & Co.

Rs. 1200 . One Cycle Purchased For Rs. 1250 From Mohan Cycles On Credit . Furniture

Purchased On Credit From Modern Furniture’s For Rs 1800. Cheque Issued To Mohan Cycles For

Rs. 1200 In Full Settlement . Cash Paid To Modern Furniture’s Rs. 1800.



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6. Ashok, Reena and Asrani

Ashok, Reena And Asrani Started Business By Investing Rs. 55000 + On Scooter Rs.5000,

Rs.10000 + Car Invest Rs50000 And 55000 Respectively. Cash Deposited In Vijay Bank

Rs.40000 And In United Bank Rs 15000. Good Purchased From Deep & Deep Pvt. Ltd On Cash

From Rs 55463.Cheque Issued To Anita Raj & Co Rs. 20000 From Vijay Bank. Cash Goods

Purchased From Sohan Sons For Rs 75689. Cheque Issued To Sri Devi For Rs 10000 From

United Bank. Good Sale On Cash For Rs 15346 & Charges 10% Sale Tax . Good Sale To Sohan

& Sons On Cash For Rs 65825 & Charges 10% Sale Tax. Cheque Received From Dharminder

For Rs 25800 And Deposited In Vijay Bank. Charges Paid For Photostat Rs.45. Charges Paid For

Stationary Rs.567. Repair Of Scooter For Rs 543. Expense Paid For Staff Welfare For Rs. 234.

Goods Sold To Ram & Rama On Credit For Rs 32536 & Charge Sale Tax 12%. Salary Paid To

Staff Rs.2000.Cheque Received From Anil Kapoor For Rs 23450. Cheque Received From

Dharminder & Co. For Rs. 25800 Was Dishonored And Cash Received From Dharminder & Co

For Rs. 258000. Cash Paid To Anita Raj & Co For Rs5000. Salary Paid To Staff For Rs. 3500.

Goods Sold For Rs 5650 & Charges Sale Tax 12.5%.. Goods Purchased From Anita Raj & Co For

Rs 59067. Cheque Issued To Sri Devi For Rs 1500. Interest Received For Rs 3465 From Vijay

Bank. Goods Sold On Cash To Anita Raj & Co. For Rs. 3400 & Charges Sale Tax 12.5%. Sale

Tax Paid By Cheque. Cash Paid For Telephone Bill For Rs243, Staff Welfare For Rs.245, Water

Bill For Rs. 3450. Cash Deposited In United Bank For Rs. 12456. Goods Insured For Rs.

3214.Amount Spend For Personal Use By Ashok For Rs 500. School Fees Paid For Reena &

Ashok Children For Rs. 500 Each. Cheque Taken For Personal Used By Ashok For Rs. 1000.

Cheque Issued For Reena Insurance For Rs.1000. Cheque Issued For Asrani Accommodation For

Rs. 1000. Expenses Paid For Manufacturing For Rs. 345. Purchase Stationary For Rs 432 From

Good Day Book On Cash. Expences Paid On Traveling For Rs 432. Expences Paid On Audit Fees

For Rs.1000. Cash Paid On Legal Fee Rs.500. Goods Sold To Anita Raj For Rs 4570 & Charges

Sale Tax 3%. Commission Received From Anita Raj & Co For Rs2900. Cash Taken By Asrani Rs.

500 For Personal Use. Interest Received From United Bank For Rs.2450. Interest Received For

Rs.14561 From Vijay Bank.



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7. RAM & SHAM &CO.

Ram & Sham Started Business By Investing Rs. 2,50,000 Each . Cash Deposited In The Bank Of

Ludhiana Rs. 1,00,000 . Furniture Purchase For Rs. 18,570 . Building Purchase For Rs. 45,900.

Car Purchase For Rs. 30,000 And Scooter Purchase For Rs. 7,500 On Cash . Goods Purchase

From Radha &Co. For Rs. 25,000 On Credit . Goods Purchase For Rs. 20,000 On Cash . Amount

Spent On Staff Welfare Rs. 50, Mahurat Of Shop Rs. 2,590 , Repair Of Shop Rs.243 , Postage

Rs.35 , Telephone Bill Rs.453 , Printing & Stationery Rs. 145 On Cash . Goods Sold To Ashok

&Co. For Rs.45,500 And Charges Sales Tax 7% On Credit . Cash Deposited In The Bank Of

Ludhiana Rs. 5,000 . Cheque Issued To Radha & Co. For Rs. 25,000 . Loan Received From

Ram’s Wife Rs. 25,000 . Goods Purchase From Seeta & Co. For Rs. 80,000 On Credit . Goods

Returned To Radha & Co. For Rs. 2000. Cash Paid To Radha & Co. For Rs. 8,900 . Goods Sold

To Neeraj For Rs. 35,689 And Charges Sales Tax 7% On Credit . Cash Paid For Salary Rs. 3,400

, Staff Welfare Rs. 45 , Bank Charges Rs. 347 , Interest On Loan Rs. 450 , Cheque Taken By Ram

& Sham For Personal Use For Rs. 500 Each. Cheque Received From Ashok & Co. For Rs. 20,000

And Deposited . Cheque Received From Neeraj & Co. Rs. 10,000 . Rent Paid By Cheque For Rs.

2000 . Cash Paid For Entertainment Exp. Rs. 450, Legal Fees Rs. 500 , Salary Rs. 3,500 ,

Traveling Exp. Rs. 234 . Audit Fee Paid By Cheque For Rs. 2000 . Cash Withdrawn For Rs. 2000

From The Bank Of Ludhiana . Goods Sold By Cash For Rs. 15,000 And Charges Sales Tax 7%.

Goods Sold From Anju &Co. For Rs. 23,000 And Charges Sales Tax 7% On Credit. Cheque

Received From Anju & Co. For Rs. 8,700 . And Cash Received From Anju & Co. For Rs. 2,300 .

Cash Paid For Electricity Bill Rs. 450 , Power Bill Rs. 2,378 , Wages Rs. 3,589 , Carriage Rs.

587 . Goods Sold To Neeraj For Rs. 13,569 On Credit . Cheque Received From Neeraj For Rs.

10,000 And Deposited . Cheque Takem By Ram For Personal Use For Rs. 500 . Goods Returned

By Neeraj &Co. For Rs. 1,500 . Cash Paid For Octroi Exp. Rs.567 , Petrol Exp. Rs. 1,500 , Repair

Of Scooter &Car Rs. 456.

Calculate Closing Stock 25% Gross Profit On Sales Depreciation On Furniture 25% ,

Scooter & Car 5% . Salary Payable Rs. 2500 , Wage Payable Rs. 3,500 , Audit Fee Payable

Rs. 1000 .



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8. Mrs. Sunny, Nona, Sunil

DEBIT BALANCE:- BANK OF INDIA 77900 . OPENINGH STOCK 65678, PLANT & MACHINERY185422 CASH IN HAND 57000, ASHOK & CO. 34000.CREDIT BALANCE:- SUNNY’S CAPITAL,A/C, 170000, NONA’S CAPITALA/C 150000. SUNIL’S CAPITAL A/C.100000.

Goods Purchase From Radha & Co For Rs. 77543. Goods Sold On Cash For Rs. 11000 And

Charges Sale Tax 5%. Amount Spent On The Stationery For Rs. 648, Staff Welfare For Rs. 35,

Postage Rs. 22, Water Bill Rs. 346. Goods Sold On Credit To Ashok & Co. For Rs. 45678 And

Charges Sale Tax 5%. Cash Deposited In Bank Of India For Rs. 2600. Goods Purchase On Cash

For Rs. 2000. Mrs. Sunny, Nona, Sunil Invested Rs. 15000 Each. Mrs. Sunny, Nona, Sunil Take

Cash For The Pers.Onal Use For Rs. 1000. Goods Sold On Credit To Sham For Rs. 46000 And

Charges Sale Tax 5%. Stationery Purchased From Grand Stationery On Credit For Rs. 4567.

Cash Paid To Radha & Co For Rs. 11000. Cheque Paid To Radha & Co Rs. 17000. Cheque

Received From Ashok & Co. For Rs. 21000. Cash Paid For Staff Welfare For Rs. 54. Traveling

Exp Rs. 85, Legal Exp Rs. 500, Wages For Rs. 678, Goods Sold On Credit To Amar Sing & Sons

For Rs. 36789 And Charges Sale Tax 5%. Cheque Received From Ashok Was Dishonored. Bank

Charges Paid Rs. 78. Mrs. Sunny, Nona, Sunil Taken Cash For Rs. 1500 Each For Pers.Onal

Use. Good Sold On Cash For Rs. 1450. Interest Received Rs. 635. Goods Returned Bt Ashok &

Co For Rs. 2800. Goods Sold On Cash For Rs. 6700 And Charges Sale Tax 5%. Cash Paid For

Telephone Exp. Rs. 657. Muncipal Tex Rs. 517. Power Bill Rs. 3200. Rent Of Shop Rs. 900.

Goods Sold On Cash For Rs. 10000. Cash Deposited In Bank Of India Rs. 6500. Goods Lost By

Fire For 1000. Cash Withdrawn For Rs. 2500. Stock Insurance For Rs. 540. Goods Sold On Credit

To Hari & Co, Rs. 45670 And Charges Sale Tax 6%. Sheque Received From Hari & Co. For Rs.

28000. Goods Returned By Hari & Co, Rs. 2700. Goods Purchase On Cash For Rs. 5400 And On

Creditor Rs. 5700 From Sudha & Co. Cash Paid For Salary For Rs. 3400. Carriage For Rs. 657.

Postage Rs. 30, Purchase Rs. 3200. Traveling Exp. Rs. 210. Sale On Cash For Rs.. 4390.



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9. Mrs. X, Mrs. Y & Mrs. Z & Co

Opening Cash In Hand Rs. 56000. Opening Stock Rs. 45678, Opening Plant & Machinery Rs.

85422. Mrs. X Capital Rs. 100000, Mrs. Y. Capital Rs. 80000, Mrs. Z Capital Rs. 75000,

Opening Balance Of Bank Of India Rs. 67900.

The Goods Purchase From Radha & Co. For Rs. 67543. On Credit. Goods Sold On Cash Basis For Rs.

10000 And Charges Sale Tax .5%. Stationery Purchase On cach For Rs. 467 And Amount Spent On The

Staff Welfare Rs. 35, Postage Rs. 12. Water Bill Rs. 345. Goods Sold To Ashok & Co. For Rs. 35456 And

Charges Sale Tax 5% Cash Deposited In The Bank Of India Rs. 1500. The Goods sale 2000 On Cash.

Interest Paid To Bank For Rs. 2568. There Are Drawings Of All Partners Rs. 1000 Each. All Partners

Introduced Rs. 5000 Each In The Business. The Goods Sold To Sham & Co. For Rs. 35000. And Charges

Sale Tax 5% On Credit. Stationery Purchase From Grand Stationers For Rs. 3456 On Credit. Payment

Made To Radha & Co For Rs 10000 In Cash And Cheque Of Rs 15000 Was Given To Radha & Co. Cheque

Received From The Ashok & Co. For Rs. 20000.

Amount Spend On Staff Welfare For Rs. 45. On Traveling Expenses Rs. 58. On Legal Fee Rs. 500.

Wages Paid To The Workers Rs. 5568. Goods Sold To Amar Singh & Sons For Rs. 25678 And Charges

Sale Tax 5%. Cheque Received From The Ashok & Co. For Rs. 20000 Dishonored. Scrap Sold For Rs.

450.Interst Received From The Bank The Rs. 365 And Bank Charges Paid Rs.78. All The Partners Took

Rs. 500 For The Personal Use. Goods Sold To Ashok & Co. For Rs. 2800 Returned By Him. Telephone Bill

Paid Rs.356. Municipal Tax Paid Rs.157. Power Bill Paid Rs.2300. Rent Paid To The Shop For Rs.800.

Goods Sold For Rs.5600 And Charges Sale Tax 5%. Cash Deposited In The Bank Of India Rs. 1500. There

Was Loss By Fire In The Godown For Rs. 1000. Amount Spent On The Insurance Of The Stock Rs. 450.

Cash Withdrawn From The Bank Of India Rs.2000. Goods Sold To Hari & Co. For Rs. 34560 And Charges

Sale Tax 5% On Credit. One Cheque Received From Hari & Co. For Rs.25000 And Deposited In The Bank

Of India Goods Returned By Hari & Co. For Rs.2500.

Goods Purchase For Rs. 4500 On Cash And From Sudha & Co. For Rs.5700 On Credit. Salary Paid To

Staff Rs.3400. Carriage Paid Of Goods Rs.567, Postage Exp. Paid Rs.30. Goods Purchase For Rs, 2300

On Cash. Goods Sold For Rs. 2390 On Cash. Amount Spent On Traveling Expenses Of The Staff Member

For The Collection The Money Rs. 290.

Prepare the cash book and ledger and trail balance.



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10. MR X, MR Y, MR Z

BALANCE SHEET .LIABLITIES AMOUNT ASSETS AMOUNTDEEPAK A/CMR X’S CAPITAL A/CMR Y’S CAPITAL A/CMR> Z CAPITAL A/C

35500125000135000

85000

BANK OF INDIACASHRANJEETASRI DEVIFURNITURERAJNIKANTPLANTBUILDINGSTOCK

382002500050800235001800058000470008500035000

TOTAL 380500 TOTAL 380500

Goods Sold To Ranjeeta For Rs. 10000 And Charges Sale Tax 7% On Credit And Allow Trade

Discount 2%. Carriage Paid On Behalf Of Ranjeeta For Rs. 200. Goods Purchase From Deepak

For Rs. 75000 On Credit And Receive Trade Discount 3%. Octroi Paid For Rs. 50. One Cheque

Issued To Deepak For 25000 From The Bank Of Ludhiana. Goods Sold To Ankit Kumar For Rs.

21000 And Charges Sale Tax 7%, Charge Packing Charges For Rs. 200 And Octroi Rs. 125.

Octroi Paid For Rs. 125. Cash Paid For Staff Welfare Rs. 45, Telephone Bill Rs. 345, Water Bill

Rs. 68 And Stationary Rs. 244. Cash Deposited In The Bank Of India For Rs. 2000. Goods Sold

On Cash For Rs. 15800 And Charges Sale Tax 7%, Charge Packing Charges For Rs. 500, Octroi

For Rs. 75 And Allow Cash Discount 2%. Octroi Paid For Rs. 75. Bank Charges Charged By The

Bank Of India Rs. 95

Cheque Issued To Deepak & Co. For Rs. 10000 From The Bank Of India. Cash Paid To Deepak

For Rs. 2000. Good Sold On Cash For Rs. 10000. Cheque Received Form Ankit Kumar For Rs.

9000. Amount Spent On The Staff Welfare Rs. 35, Repair Of Plant Rs. 345. Salary Paid To

Forman For Rs. 2458. Goods Purchased Form Deepak For Rs. 45000. Paid Carriage For Rs. 500.

Goods Sold To Naresh For Rs. 15000 And Charges Sales Tax 7%. Carriage Paid On Behalf Of

Naresh For Rs. 250. Commission Received On Behalf Of Ranjeeta For Rs. 1000. Good Sold To

Sri Devi For Rs. 24563 And Charges Sale Tax 7% On Credit. Charge Packing Charges For Rs.

250, Octroi For Rs. 150 And Allow Traded Discount 2%. Cash Taken Away From The Business By

The All Partners For Rs. 1000 Each For Personal Use. Cash Received From Sri Devi For Rs.

10000. Good Purchase For Rs. 15000 And Issued A Cheque Form The Bank Of India. Goods Sold

On Cash For Rs. 12900 And Charges Sale Tax 6 5% And Allow Cash Discount For 2%.

Furniture Purchase On Cash For Rs. 4589. Wages Paid To Worker Rs For Rs. 4590. Amount Spent On The

Manufacturing Exp For Rs. 450. All The Sale Tax Paid By Cheque For Rs. 2456 Form The Bank Of India.

Goods Lost By Fire For Rs. 2350 And Insurance Claim Was Made To Company. Company Admitted Rs.

2200. Rajnikant Having Become Insolvent, Paid 40 Paise In A Rupee Out Of Total Debt. Good Sold To



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Rajnikant For Rs. 24900 And Charges Sale Tax 7% On Credit. Carriage Paid On Behalf Of Rajnikant

For Rs ,250. Cheque Received Form Sri Devi For Rs. 20000, After Some Days This Cheque Was

Dishonored. Cheque Received From Sri Devi For Rs. 5000 And Deposited In The Bank Of India

And Cash Received From Sri Devi For Rs. 20000. Cash Deposited In The Bank Of India For Rs.

1200. Amount Spent On The Staff Welfare Rs. 46, Traveling Exp Rs. 56, Audit Fee Paid Rs. 400,

Legal Fee Rs 250 And On The Salary Rs. 2390. Naresh Become Insolvent Paid 45 Paise In A

Rupee Out Of Total Debt. Cash Paid For Plant Repair Rs. 450. Stationery Purchase On Cash Rs.

123. Good Return By Sri Devi For Rs. 2000. Goods Return To Deepak For Rs. 1450. Cash

Withdrawn For Rs. 4500 From Bank Of India. Goods Sold On Cash For Rs. 5000 And Charges

Sale Tax 7% And Allow Cash Discount For 2%. Carriage Paid For Rs. 250 Cash Paid For The

Entertainment Rs. 349 And For The Plant Repair Rs. 459. Purchase Loose Tools For Rs. 2000 On

Cash. Cash Paid For Adverting Rs. 12900. Paid Carriage For Rs. 350 And Octroi For Rs. 150.

Goods Sold On Cash For Rs. 2390 And Charges Sale Tax 7% Receivable Rs. 9630 From Naresh

Received Rs. 9000 Against The Amount Previously Written Off As Bad Debt. Good Donated For

Rs. 500

Closing Stock 75090, Depreciation Charge On Plant & Machinery And On Furniture Charge

is 5%.Salary Payable For Rs. 2000, Legal Fee Payable For Rs. 250 And Audit Fee Payable

For Rs. 500 .



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11. MOHINDERA TRADERS

BALANCE SHEET

LIABLITIES AMOUNT ASSETS AMOUNTMohinder’s Capital A/cPavi TradersRahul ChemicalsICICI Bank

1999997499

11074955996

Cash in HandBank of PunaHarishpal ChemicalKumar TradersMachineryToolsFurniture

51999589997524925499999993749924999

TOTAL 374243 TOTAL 374243

1 April 2005 Goods Sold On Cash For Rs. 24499 And Charges Sales Tax 7% And Packing Charges Rs. 199 And Octroi Paid By Cash For Rs 115. Chemical Purchase From Rahul Chemical For Rs 21999 On Cash. Carriage Paid For Rs 1899.

2 April 2005 Cheque Received From Harishpal Chemical For Rs 59999. Amount Transfer From Bank Of Puna To Icici Bank For Rs 24999.

3 April 2005 Goods Sold To Kumar Traders For Rs.34999 And Changes Sale Tax 7% And Packing Changes Rs.239 And Octrol Paid By Cash For Rs.85.

4 April 2005 Cheque Issued To Rahul Chemicals Rs.34999, Amount Spent On Staff Welfarers.199.

5 April 2005 Cash Receved From Harishpal Chemicals Rs.499, Cash Paid For Legal Expenses Rs.6890, Audit Fee Rs.2499, Interest Charged By Icici Bank For Rs.289.

6 April 2005 nothing

7 April 2005 Cash Received From Kumar Traders For Rs.36999 And That Amount Paid To Rahul Chemicals.

8 April 2005 Goods Sold On Cash For Rs.34999 And Charges Sales Tax 7% And Packing Charges Rs.149 And Octrol Rs.95. Octrol Paid By Cash For Rs.95. Cash Paid For Legal Expenses Rs.689, For Audit Fee Rs.2499. Amount Spent On Staff Welfare Rs.199.

9 April 2005 Chemicals Purchased For Rs.9999. Carriage Paid For Rs.1899.


11 April 2005 Jatinder Singh Invest In The Company As A New Partner With Rs.199999.

12 April 2005 Goods Sold To Harishpal Ltd. For Rs.48999 And Charges Sales Tax 7% And Packing Charges Rs.199 And Octroi Rs.290. Octroi Paid By Cash For Rs.290.

13 April 2005 Cheque Received From Harishpal Ltd, For Rs.52999.

14 April 2005 Cheque Received From Harishpal Ltd On 13-4-2004 Was Dishonored.

15 April 2005 Legal Expenses. Paid For Rs.239, Advertising Expenses Paid For Rs.399.

16 April 2005 Cash Received From Harishpal Ltd For Rs 53999 And From Which Rs 23999 Frposit In The Bank Of Puna And Balance Cash Paid To Rahul Chemicals


18 April 2005 Goods Sold On Cash For Rs 39999 And Charges Sale Tax 7% And Packing Charges Rs 169 And Octroi Rs 229 Paid By Cash For Rs 229.

19 April 2005 Chemicals Purchased For Rs.31999.On Cash.



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20 April 2005 Wages Paid Rs. 22899. Interest Charged By Icici Bank For Rs.199.Intersest Received From Bank Of Puna For Rs.4899. Building Given On Sublet And Rent Received For Rs.6999.

21 April 2005 Cash Received From Harishpal Chemicals For Rs.11999. Cash Deposited In The Punjab National Bank For Rs. 12399. Cash Paid The Staff Welefare Rs.55.



24 April 2005 Cash Paid For The Traveling Exp. Rs.59,For The Audit Fee Rs.499, For The Legal Fee Rs.249.Salary Paid To The Workers For Rs.2489.Cash Paid For Plant Repair Rs.549.

25 April 2005 Stationery Purchased On Cash Rs.249. Goods Returned By Harishpal Chemicals For Rs.1599.Goods Return To Rahul Chemicals For Rs.1599.

26 April 2005 Cash Withdrawn From The Bank Of Pune For Rs 5699. Goods Sold On Cash For Rs 9999 And Charges Sale Tax For 7% And Packing Charges Rs 89 And Octroi Rs 129. Octroi Paid By Cash For Rs 129


28 April 2005 Cash Paid For The Entertainment Rs 449 And Cash Paid For The Plant Repair Rs 1559. Purchase Loose Tools On Cash Basis For Rs 2299

29 April 2005 .Goods Purchased On Cash For Rs 14999. Goods Sold On Cash For Rs 999 And Charges Sale Tax For 7% And Packing Charges Rs 89 And Octroi Rs 129. Octroi Paid Bt Cash For Rs 129

30 April 2005 Cash Paid For Adverting Rs 449. Goods Purchased On Cash For Rs 13899. Goods Donated For Rs 799. Goods Sold On Cash For Rs 19799 And Charges Sale Tax For Rs 229. Salary Paid For Rs 14999, Audit Fee Paid For Rs 4999. Telephone Bill Paid For Rs 1999and Electricity Bill Paid For Rs 5499.

Depreciation Charged On Machinery 19%, On Furniture 9% And On Tool 5.9% Salary Payable For Rs 2399, Legal Fee Payable For Rs 549 And Audit Fee Payable For Rs 299. Closing Stock At The End Of The Month Rs 65999.



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12. FINE STATIONERY

OPENING BALANCE SHEET LIABILITIES AMOUNT ASSETS AMOUNT

CAPITALPREM KUMAR CAPITAL A/CSECURED LOANNEW INDIA LOAN A/C UNSECURED LOAN WIFE LOAN A/C SOHAN LOAN A/CSUNDRY CREDITORROYAL & CO.GUPTA BOOK DEPOT

50000

180000

5000070000

47500033600

FIXED ASSETSSHOP A/CCAR A/CTYPEWRITER A/CPHOTO STATE MACHINE A/CFURNITURE A/CFAN A/CSUNDRY DEBTORSSUNITA & CO.MUKESH & CO.ICICI BANKCURRENT ASSETSOPENING STOCK OF STATIONERYCASH BANK OF BENGAL

1000005500020000

10000025000

1500

4500052000

120000

12270097400

120000TOTAL 858600 TOTAL 858600

1 May 2005:- Job Workers Done For Rs.450.Shoarthand Fee Received For Rs.1350.Typing Fee Received For Rs.1000. Rent Paid By Cheque For Rs.1000. Staff Welfare Exp. Paid For Rs.50. Postage Exp. Paid For Rs.60. Income Received From Book Binding For Rs.45.

2 May 2005:- Amount Spent On Car Petrol For Rs.400. Cash Paid For Advertising Exp.450. Stationery Sold For Rs.500. Carriage On Sale Paid For Rs.30.

3 May 2005:- Salary Paid To Staff Rs.1150. Cash Paid For Electricity Bill Rs.250.55. And For Telephone Exp.Rs.249.65. And Staff Walfare Rs.45. Furniture Repair Rs.50.

4 May 2005:- NOTHING

5 May 2005:- Photo State Work Done Of Icici Bank For Rs.4500.On Credit. Job Worker Done For Rs.300. Shorthand Fee Received Rs.250.And Cash Deposited In The Bank Of Bengal For Rs.1000.

6 May 2005:- Stationery Sold For Rs.3400.Job Work Done For Rs.244. Paid Carriage On Sale For Rs.15. Income Received From Book Binding For Rs.45.

7 May 2005:- Stationery Purchased From Gupta Depot For 5900 On Credit. Paid Carrie On Purchase For Rs.25. Cheque Received From The Icici Bank For Rs.11000 And Deposited In The Bank Of Bengal One.13585and Sold On Credit To Mukesh Cheque Issued From Bank Of Bengal To New India Bank For Rs.3500. Income Received From Book Binding For Rs.45.

8 May 2005:- Amount Spent On The Staff Welfare For Rs.50.Cash Paid Legal Exp.Rs.345. Stationery Sold On Credit To Anuradha & Co. Rs& Co 22455.

9 May 2005:- Cheque Received Mukesh & Co.For Rs. 18000. Cheque Issued To The Gupta Book Depot Rs.6577.

10 May 2005:-Typing Fee Received Rs. 2000 And Job Work Done For Rs.450 And Short Hand Fee Received For 430and Photo State Work Done For Rs. 2o90. Stationery Sold On Cash For Rs. 1245.



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11 May 2005:- Cash Deposited In The Bank Of Bengal Rs.1950. Photo State Work Done Rs.550. Cash Paid For Staff Welfare Rs.25, Amount Spent On The Service Of The Typewriter Rs.250.Cash Taken By The Owner For Rs 1200.Prem Drawing A/C .

12 May 2005:- Stationery Sold On The Cash Rs.3457 Amount Spent On The Shop Insurance Exp. Rs 400. Income Received From Book Binding For Rs.55, Amount Spent On The Telephone Exp Rs. 350 For Booking The Order Of Books.

13 May 2005:- Interest Received From The Bank Of Banal Rs. 3450. Cheque Received From The Anuradha & Co. Rs.9750 And Deposited In The Bank Of Bengal.


15 May 2005:- Stationery Purchased From Gupta Book Depot On Credit For Rs. 4500. Paid Carriage On Purchase For Rs. 27. Amount Spent On The Car Repair Rs. 500.

16 May 2005:- Cash Paid For The Staff Welfare Rs. 200. Cash For The Postage Rs. 73. Cash Paid For The Rent On Machine For Rs. 900. And Cash Paid For Advertising Exp. For Rs. 455.

17 May 2005:- Income Received From Book Binding For Rs 65. Amount Spent On The Car Repair Rs. 300. Stationery Sold On Cash For Rs. 6544. Paid Carriage On Sale For Rs. 33. Cash Paid To Gupta Book Depot Rs. 6700.

18 May 2005:- Typing Fee Received Rs.2250 And Job Work Done For Rs. 850 And Shorthand Fee Received For Rs. 630 And Photostat Work Done For Rs. 2230 Stationery Sold On Cash For Rs. 1245. Paid Carriage On Sale For Rs. 12.


20 May 2005:- Cash Paid For The Staff Welfare Rs.13 And For The Traveling Exp. Rs. 495. Stationery Purchased For Rs. 2000. Paid Carriage On Purchase For Rs.22. Photostat Work Done Rs. 575 And Stationery Sold To Icici Bank Rs. 1595 On Credit.

21 May 2005:- Job Work Done Rs 440 And Shorthand Fee Received Rs 500 And Cash Deposited In The State Icici Bank Rs. 3000. Income Received From Book Binding For Rs. 65.

22 May 2005:- Stationery Purchased From Paras Ram & Co. For Rs. 10200 On Credit Paid Carriage On Purchase For Rs. 45. Cheque Received From Icici Bank Rs 5000 And Deposited In The Bank Of Bengal.

23 May 2005:- One Cheque Issued To Paras Ram For Rs. 7340. Bank Charges Paid To The Bank Of Bengal Rs. 270. Stationery Sold On Cash For Rs 5909. Paid Carriage On Sale For Rs Rs. 35.

24 May 2005:- Cash Paid For Petrol Exp. Rs 300. Amount Spent On Advertising Exp. Rs 540. Cash Paid For Staff Welfare Rs. 54, For Electricity Bill Rs. 350.75 And For Traveling Exp. Rs. 409. Income Received From Book Binding For Rs. 105.

25 May 2005:- Income Received From Rent Of The Typewriters For 1500. Stationery Sold On Cash Rs. 3700 And To Anuradha & Co. On Credit For Rs. 4000.


27 May 2005:- Cash Deposited In The Bank Of Bengal For Rs. 4400. One New Typewriter Purchased Rs 12900 And Issued A Cheque From The Bank Of Bengal Income Received From Book Binding For Rs. 75.

28 May 2005:- Good Sold To Pritam & Co. Rs. 5900 On Credit. Paid Carriage On Sale For Rs.41. Cash Paid For Petrol Exp. Rs. 350 And For Owner Life Insurance Paid Rs 600. And For Interest Of The Wife And Sohan Loan Rs. 650 Each.

29 May 2005:- Cheque Received From The Pritam & Co. 2400. Typing Fee Received Rs 2900 And Shorthand Fee Received Rs 1450 And Photostat Business Done Rs 680. Income Received From Book Binding For Rs. 35.

30 May 2005:- Typewriter Rent Received For Rs. 4390 And Amount Deposited In The Bank Of Bengal Rs. 2390. Income Received From Book Binding For Rs. 65.

CLOSING BALANCESClosing Stack= 52600. Depreciation On Photostat Machine 20% On Furniture 12%, On Car 15% On Typewriter 10%.

account sum

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