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Create Following Tabel

1. The document outlines business transactions from 1-4-2013 to 31-3-2014, including starting a business, renting a building, purchasing and selling goods, paying wages and expenses, and taking out a loan. 2. Key transactions include starting the business with Rs. 500,000 cash and a Rs. 200,000 bank deposit, renting a building for Rs. 10,000 per month, purchasing goods and furniture totaling over Rs. 225,000, and selling goods to customers for over Rs. 600,000. 3. Recurring expenses like rent, wages, and interest were typically paid by cheque each month, while large purchases and sales were also commonly made by

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shakshi0918093
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68 views6 pages

Create Following Tabel

1. The document outlines business transactions from 1-4-2013 to 31-3-2014, including starting a business, renting a building, purchasing and selling goods, paying wages and expenses, and taking out a loan. 2. Key transactions include starting the business with Rs. 500,000 cash and a Rs. 200,000 bank deposit, renting a building for Rs. 10,000 per month, purchasing goods and furniture totaling over Rs. 225,000, and selling goods to customers for over Rs. 600,000. 3. Recurring expenses like rent, wages, and interest were typically paid by cheque each month, while large purchases and sales were also commonly made by

Uploaded by

shakshi0918093
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Create following tabel:

Date
1-4-2013 STARTED BUSINESS WITH cash RS. 500000. Open an accoutin Punjab national bank with cash RS 200000. Loan from sitaram RS. 1000,000 by cheque. 2-4-2013 owner takes a building on rent for business rs 10,000 monthly and rs 50,000 deposited by cheque for security of rented building. 1-5-2013 purchase goods from ram & sons RS. 200000. Wages paid RS. 2000. Rent paid by cheque. 2-5-2013 31-5-2013 firniture purchase of RS. 25000 from furniture mart. sold goods to rahim &sons RS.600,000.

Transactions

1-6-2013

sold goods of Rs. 100,000 and receive cheque. Rent paid by cheque.

2-6-2013 1-7-2013

goods returned by rahim &sons of RS. 50,000. goods pirchased RS. 200,000 by cheque. Rent paid by cheque.

2-7-2013 1-8-2013

goods returned to ram &sons of RS. 12,500. rent paid by cheque. Salary paid rs. 15000. sundry expenses paid rs. 2000. interest paid rs. 10,000. loan to shiv&sons rs. 500,000 by cheque.

1-9-2013

full payment receive from rahim & sons by cheque. insurance premium paid for one year rs. [Link] p[aid by cheque.

2-10-2013

goods stolen of rs. 10,000. Rent paid by cheque.

1-11-2013

computer purchase for business rs. 40,000. payment made by cheque. Rent paid by cheque.

1-12-2013 2-12-2013 1-1-2014

rent paid by cheque. goods taken by owner for personal use of rs. 10,000. amount paid toi ram &sons rs. 200,000 by cheque. goods given as free sample of rs. 5000.

2-1-2014

goods purchased from ram & sons rs. 300,000. rent paid by cheque.

2-2-2014

wages paid rs. 8000. commision paid rs. 3000. rent paid by cheque.

1-3-2014

goods sold to ram & sons RS. 800,000. Sundry expenses paid of rs. 1000.

rent paid by cheque. 31-3-2014 salary paid rs. 15000. sundry expenses paid rs. 2000.

Date 1-4-2013 2-4-2013 1-5-2013

PARTICULARS`

Amount in rs. Dr.

Cr.

Goods purchased a/c dr. To bank a/c Wages a/c dr. To bank a/c

200,000

200,000

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