Capital Introduced 1,000,000.

00
Credit Purchases 100,000.00
Credit Sales 30,000.00
Cash Sales 120,000.00
Wages Expense 5,000.00 1,000,000.00
Salaries Expense 50,000.00 120,000.00
Rent Expense 1,000.00 (5,000.00)
Insurance Expense 500.00 (50,000.00)
Prepaid Rent 12,000.00 (12,000.00)
Furniture Purchase on Credit 200,000.00 (500.00)
Machinery Purchased for Cash 150,000.00 (150,000.00)
Depreciation on Furniture 10,000.00 902,500.00
Depreciation on Machinery 10,000.00

JAN Prepaid Rent A/c Dr 12,000.00

to Bank A/c Cr 12,000.00

JAN Rent Expense A/c Dr 1,000.00

to Prepaid Rent A/c Cr 1,000.00
 FS10N
Particulars Debit Credit
Particulars Amount
Bank A/c Dr 1,000,000.00 To Capital 1,000,000.00
to Capital 1,000,000.00 To Sales 120,000.00

Purchases A/c Dr 100,000.00

to Vendor 100,000.00

Customer A/c Dr 30,000.00 1,120,000.00

to Sales 30,000.00 To Bal b/d 902,500.00

Bank A/c Dr 120,000.00

to Sales A/c Cr 120,000.00

Wages A/c Dr 5,000.00 Particulars Amount

to Bank A/c Cr 5,000.00 To Vendor 100,000.00

Salaries Expense A/c Dr 50,000.00 100,000.00

to Bank A/c Cr 50,000.00 To Bal b/d 100,000.00

Prepaid Rent A/c Dr 12,000.00

To Bank A/c Cr 12,000.00
Particulars Amount
Rent Expense A/c Dr 1,000.00 To Sales 30,000.00
to Prepaid Rent A/c Cr 1,000.00
30,000.00
Insurance Expense A/c Dr 500.00 To Bal b/d 30,000.00
to Bank A/c Cr 500.00

Furniture A/c Dr 200,000.00 Particulars Amount

to Vendor A/c Cr 200,000.00 To Bank 5,000.00

Machinery A/c Dr 150,000.00 5,000.00

to Bank A/c Cr 150,000.00 To Bal b/d 5,000.00

Depreciation A/c Dr 10,000.00

to Furniture 10,000.00 Particulars Amount
To Bank 500.00
Depreciation A/c Dr 10,000.00
to Machinery 10,000.00 500.00
To Bal b/d 500.00
1,688,500.00 1,688,500.00

Particulars Amount
Travelling Expense To Prepaid Rent 1,000.00
 1,000.00
Travelling Expense A/c Dr 10,000.00 To Bal b/d 1,000.00
to Bank A/c Cr 10,000.00

Particulars Amount
Furniture A/c Dr 100,000.00 To Bank 50,000.00
to Bank A/c Cr 100,000.00
50,000.00
To Bal b/d 50,000.00

Particulars Amount
By Bal C/d 1,000,000.00

1,000,000.00

Particulars Amount
To Vendor 200,000.00

200,000.00
To Bal b/d 190,000.00

Particulars Amount
To Bank 150,000.00

150,000.00
To Bal b/d 140,000.00

Particulars Amount
To Furniture 10,000.00
To Machinery 10,000.00
20,000.00
To Bal b/d 20,000.00

Dr
Particulars Amount
To Bank 12,000.00

12,000.00
To Bal b/d 11,000.00

Particulars Amount
To Bal C/d 300,000.00

300,000.00

Particulars Amount
To Bal C/d 150,000.00

150,000.00
Bank A/c Trail Balance
Particulars Amount Particulars Debit
By Prepaid Rent 12,000.00 Bank 902,500.00
By Machinery 150,000.00 Purchases 100,000.00
By Salaries 50,000.00 Customer 30,000.00
By Wages 5,000.00 Wages 5,000.00
By Insurance 500.00 Insurance 500.00
By Bal c/d 902,500.00 Rent 1,000.00
1,120,000.00 Prepaid Rent 11,000.00
Salaries 50,000.00
Machinery 140,000.00
Furniture 190,000.00
Depreciation 20,000.00
Purchases A/c Sales
Particulars Amount Vendor
By Bal C/d 100,000.00 Capital
1,450,000.00
100,000.00

Customer A/c
Particulars Amount
By Bal C/d 30,000.00

30,000.00

Wages A/c
Particulars Amount
By Bal C/d 5,000.00

50,000.00

Insurance A/c
Particulars Amount
By Bal C/d 500.00

500.00

Rent A/c
Particulars Amount
By Bal C/d 1,000.00
 1,000.00

Salaries A/c
Particulars Amount
By Bal C/d 50,000.00

50,000.00

Capital A/c
Particulars Amount
By Bank 1,000,000.00

1,000,000.00
By Bal b/d 1,000,000.00

Furniture A/c
Particulars Amount
By Depreciation 10,000.00
By Bal C/d 190,000.00
200,000.00

Machinery A/c
Particulars Amount
By Depreciation 10,000.00
By Bal C/d 140,000.00
150,000.00

Depreciation A/c
Particulars Amount
By Bal c/d 20,000.00

20,000.00

Prepaid Rent A/c Cr FS10N

Particulars Amount
By Rent 1,000.00
By Bal c/d 11,000.00
12,000.00

Vendor A/c
Particulars Amount
By Purchases 100,000.00
By Furniture 200,000.00
300,000.00
By Bal b/d 300,000.00

Sales A/c
Particulars Amount
By Customer 30,000.00
By Bank 120,000.00
150,000.00
By Bal b/d 150,000.00
 JAN
Trading A/c
Credit Particulars Debit Particulars Credit
To Purchases 100,000.00 By Sales 150,000.00
To Wages 5,000.00
To Gross Profit 45,000.00
150,000.00 150,000.00

Profit or Loss A/c

Particulars Debit Particulars Credit
To Insurance 500.00 By Gross Profit 45,000.00
To Rent 1,000.00 by Net Loss 26,500.00
To Salaries 50,000.00
To Depreciation 20,000.00
150,000.00
300,000.00 71,500.00 71,500.00
1,000,000.00 Balance sheet
1,450,000.00 Liabilities Amount Assets Amount
Capital 1000000 Machinery 140,000.00
Less: 26500 973,500.00 Furniture 190,000.00
Vendor 300,000.00 Customer 30,000.00
Prepaid Rent 11,000.00
Bank 902,500.00

1,273,500.00 1,273,500.00

Notes

Bank 100000
to capital 100000
JAN

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