JOURNAL

Date
1 Dec

Particulars
Cash

Reg.

Debit Rs.

Credit Rs.

1,050,000.00
HS Capital

1,050,000.00

(Investment by the Owner)

1 Dec

Supplies

1,500.00
Cash

1,500.00

(Purchase Supplies for Cash)

1 Dec

Utilities Expense

500.00

Cash

500.00

(Pay cash for Utility Bills)

1 Dec

Furniture

7,000.00
Cash

7,000.00

(Purchase Furniture For Cash)

1 Dec

Office Equipments

8,000.00

Notes Payable

8,000.00

(Purchase Addition Equipment on

Credit)
2 Dec

Advertisement Expense

3,500.00

Cash

3,500.00

(Pay Cash for Advertisement in

Newspaper)
2 Dec

Depreciation Expense
Accumulated Dep Exp.

1,400.00
1,400.00

(7000/ 5 years)
2 Dec

Prepaid Insurance

8,500.00

Cash

8,500.00

(Pay cash for Insurance)

2 Dec

Transport Expense

3,500.00

Cash

3,500.00

(Pay cash for the delivery of

Medicine)
2 Dec

Harris Chemical

12,000.00

Cash

12,000.00

(Purchase Chemical for Cash)

3 Dec

Computer

22000.00
Cash

22,000.00

(Buy Computer on Cash)

3 Dec

DH Chemicals

30,000.00
Cash

30,000.00

(Purchase Chemical on Cash)

3 Dec

Pacing Machine

250,000.00

Cash

250,000.00

(Purchase packing machine on

Cash)
3 Dec

Feroz Sons

50,000.00
Cash

(Receive Cash
Medicine)

on

50,000.00
Sale

of

3 Dec

Feroz Sons

25,000.00
Cash

25,000.00

(Purchase Chemical)
4 Dec

Carpet Co.

9,000.00
Cash

9,000.00

(Buy carpet on cash)

4 Dec

Raw Material

11,000.00

Account Payable

11,000.00

(Buy Raw material on account

payable)
4 Dec

Split AC

35,000.00
Cash

35,000.00

(Buy Split AC on cash)

4 Dec

Motor Bike

120,000.00
Cash

120,000.00

(Purchase two motor bikes on

cash)
4 Dec

Harris Chemical

9,500.00

Account Payable
(Buy Chemical
Payable)
5 Dec

on

9,500.00
Account

Account Payable
Raw material
(Pay cash for account payable)

11,000.00
11,000.00

5 Dec

Account Payable

9,500.00

DH Chemical

9,500.00

(Pay cash for Account Payable)

5 Dec

DH Chemicals

19,000.00
Cash

19,000.00

(Purchase chemical for Cash)

5 Dec

Ali & Sons

15,000.00
Cash

15,000.00

(Purchase chemical on Cash)

5 Dec

Cash

8,000.00
Feroze Sons Chemical

(Received
Chemical)
6 Dec

Cash

on

sale

8,000.00
of

Store Rent

2500.00
Cash

2500.00

(Pay rent for Store on Cash )

6 Dec

Bad Debts Expense

25000.00

Allowance for doubtful debts

25000.00

(To record estimated bad debts for

the year)
6 Dec

Carpet Cleaning
Cash
(Cleaned Carpet on Cash)

500.00
500.00

6 Dec

Cash

45000.00
Ali & Sons

(Received
Medicine)
6 Dec

cash

on

45000.00
Sale

of

Drums

12000.00
Cash

12000.00

(Buy drums on Cash)

7 Dec

Sweeping equipment

1800.00

Cash

1800.00

(Buy equipment on cash)

7 Dec

Salaries Exp

48000.00
Cash

48000.00

(Paid Salaries)
7 Dec

Van Charges

70000.00
Cash

70000.00

(Buy van for pick & drop on cash)

7 Dec

Utility Exp

250.00
Cash

250.00

(Pay utility bill cash)

7 Dec

5KVA Generator

60000.00

Cash

60000.00

(Buy generator on cash)

8 Dec

Office Equipments
Account Payable
(purchase equipment on Account)

4800.00
4800.00

8 Dec

Building

250000.00
Cash

150000.00

Notes payable

100000.00

(Purchase truck for cash % on

notes payable)
8 Dec

Advertisement Expense

900.00

Cash

900.00

(Received bill from daily news for

advertising)
8 Dec

Donation

50000.00
Cash

50000.00

(Pay cash to Edhi)

8 Dec

Cash

250000.00
Fazal Din & Sons

(Receive cash
Medicine)
9 Dec

for

250000.00

sale

of

Cash

100000.00
Ali & Sons

(Received
Medicine)
9 Dec

cash

for

100000.00
sale

DH Chemical

of

50000.00
Cash

50000.00

(Paid cash for chemical)

9 Dec

Cash

500000.00
Bank

(Receive Loan from Bank)

500000.00

9 Dec

Repair Machine

10000.00

Cash

10000.00

(Paid cash for the repair of

Machine)
9 Dec

Printing Charges

8000.00

Cash

8000.00

(Paid cash for printing)

10 Dec

Cash

190000.00
Fazaldin & Sons

(Received
Medicine)
10 Dec

cash

for

190000.00
sale

of

Harris Chemical

17500.00

Cash

17500.00

(Buy chemical on cash)

10 Dec

Gas & Oil

500.00
Cash

500.00

(Pay cash for Gas & Oil)

10 Dec

Bank

500000.00
Cash

500000.00

(Return loan taken from Bank)

10 Dec

Cash

150000.00
Clinix Co

(Received
Medicine)

cash

on

150000.00
sale

of

11 Dec

Cash

185000.00
Fazal Din

(Received
Medicine)
11 Dec

cash

for

185000.00
sale

of

DH Chemical

85000.00
Cash

85000.00

(Purchase chemical on Cash)

11 Dec

Office equipment

3000.00

Cash

3000.00

(Purchase equipment for cash)

11 Dec

Interest payable

10000.00

Cash

10000.00

(interest is payable)
11 Dec

Cash

350000.00
Ali & Sons

(Received
Medicine)
12 Dec

cash

on

350000.00
sale

of

Ali & Sons Chemicals

50000.00

Account payable

50000.00

(Purchase chemical on cash)

12 Dec

Account Receivable

35000.00

Clinix & Co.

(Received
medicine)

cash

for

35000.00
sale

of

12 Dec

Repair Computer

3500.00

Cash

3500.00

()
12 Dec

Water Tank

13000.00
Cash

13000.00

(Purchase water tank on cash)

12 Dec

Stationery charges

500.00

Cash

500.00

(Purchase for Office)

13 Dec

Harris Chemical

70500.00

Cash

70500.00

(Purchase chemical on cash)

13 Dec

Cash

38000.00
Clinix & Co.

(received
medicine)
13 Dec

cash

on

38000.00
sale

of

Salaries Exp

90500.00
Cash

90500.00

(paid salaries on cash)

13 Dec

Advertising Exp
Account Payable
(received bill from Daily Jung on
advertisement )

7000.00
7000.00

14 Dec

Cash

70000.00
DH Chemical

70000.00

(sale chemicals)
14 Dec

Cash

200000.00
Fazal Din & Sons

200000.00

(receive cash on sale of medicine )

14 Dec

Rent expense

5000.00
Cash

5000.00

(pay xx rent)
14 Dec

Laundry exp

1500.00
Cash

1500.00

(pay cash for washing)

14 Dec

Medical supplies

25000.00

Account payable

25000.00

(purchase supplies from Clinix &

Co. )
15 Dec

Salaries Exp

150000.00
Cash

150000.00

(Pay salaries of workers)

15 Dec

Transport Exp

35000.00
Cash

35000.00

(pay cash to transporters)

15 Dec

Utility Exp

1500.00
Cash

(pay utility exp.)

1500.00

15 Dec

Cash

150000.00
Account receivable

(To
record
receivable)
15 Dec

collection

Gas & Oil Charges

Cash
(pay cash for fuel)

150000.00
of

2500.00
2500.00

LEDGER
CASH
Date

Explanation

1 Dec

HS capital

1 Dec

Supplies

1 Dec

Utilities expense

1 Dec

Reg

DR Rs

CR Rs

1050000.00

Balance Rs
1050000.00

1500.00

1048500.00

500.00

1048000.00

Furniture

7000.00

1041000.00

2 Dec

Advertisement exp

3500.00

1037500.00

2 Dec

Prepaid insurance

8500.00

1029000.00

2 Dec

Transport expense

3500.00

1025500.00

2 Dec

Harris chemical

12000.00

1013500.00

3 Dec

Computer purchase

22000.00

991500.00

3 Dec

DH chemicals

30000.00

961500.00

3 Dec

Packing machine

250000.00

711500.00

3 Dec

Feroze sons

3 Dec

Shah Sons

4 Dec

Carpet purchase

4 Dec

Purchase AC

4 Dec

Motor Bike

5 Dec

50000.00

761500.00
25000.00

736500.00

9000.00

7227500.00

35000.00

6925000.00

120000.00

572500.00

DH Chemicals

19000.00

553500.00

5 Dec

Ali Chemical

15000.00

538500.00

5 Dec

Feroz Sons

8000.00

546500.00

6 Dec

Store Rent

6 Dec

Carpet cleaning

6 Dec

Ali & Sons

6 Dec

Storage Drums

7 Dec

Sweeping equipment

7 Dec

2500.00

544000.00

500.00

543500.00

45000.00

588500.00
12000.00

576500.00

1800.00

574700.00

Salaries Exp

48000.00

526700.00

7 Dec

Van charge

70000.00

456700.00

7 Dec

Utility Bill

250.00

456450.00

7 Dec

Generate purchase

60000.00

396450.00

8 Dec

Building

150000.00

245450.00

8 Dec

Advertisement exp

900.00

245550.00

8 Dec

Donation

50000.00

195550.00

8 Dec

Fazaldin & Sons

250000.00

445550.00

9 Dec

Ali & Sons

100000.00

545550.00

9 Dec

DH Chemical

9 Dec

Bank

9 Dec

Repair Machine

10000.00

985550.00

9 Dec

Printing charges

8000.00

977550.00

10 Dec Fazal din & Sons

10 Dec Harris chemical
10 Dec Gas & Oil
10 Dec Bank

50000.00
500000.00

495550.00
995550.00

190000.00

1167550.00
17500.00

1150050.00

500.00

1149550.00

500000.00

649550.000

10 Dec Clinix & Co.

150000.00

799550.00

11 Dec Fazal Din & Sons

185000.00

984550.00

11 Dec DH Chemicals
11 Dec Office Equipment
11 Dec Interest Payable
11 Dec Ali & Sons

12 Dec Water Tank purchase

12 Dec Stationery charges
13 Dec Harris chemicals

14 Dec Fazal Din & Sons

3000.00

896550.00

10000.00

886550.00
1236550.00

3500.00

1233050.00

13000.00

1220050.00

500.00

1219550.00

7500.00

1149050.00

65000.00

13 Dec Salaries Exp.

14 Dec DH Chemical

899550.00

350000.00

12 Dec Computer Repair

13 Dec Clinix & Co.

85000.00

1214050.00
90500.00

1123550.00

70000.00

1193550.00

200000.00

1393550.00

14 Dec Rent expense

5000.00

1388550.00

14 Dec Laundry expense

1500.00

1387050.00

15 Dec Salaries expense

150000.00

1237050.00

35000.00

1202050.00

1500.00

1200550.00

15 Dec Transport expense

15 Dec Utility expense
15 Dec Account receivable
15 Dec Gas & Oil charges

150000.00

1350550.00
2500.00

1348050.00

HS CAPITAL
Date

Exp

Reg

1 Dec

DR

CR

1050000.00

Balance
1050000.00

SUPPLIES
Date

Exp

Reg

DR

CR

1500.00

Balance
1500.00

UTILITY & EXPENSES

Date

Exp

Reg

DR

CR

Balance

500.00

500.00

7 Dec

250.00

750.00

15 Dec

1500.00

2250.00

HARRIS CHEMICALS
Date

Exp

Reg

DR

CR

Balance

2 Dec

12000.00

12000.00

4 Dec

9500.00

21500.00

10 Dec

17500.00

39000.00

13 Dec

70500.00

109500.00

ALI & SONS CHEMICALS

Date

Exp

Reg

5 Dec

DR

CR

15000.00

Balance
15000.00

6 Dec

450000.00

435000.00

9 Dec

100000.00

535000.00

12 Dec

50000.00

103500.00

DH CHEMICALS
Date
3 Dec

Exp

Reg

DR

CR

30000.00

5 Dec

Balance
30000.00

9500.00

20500.00

11 Dec

50000.00

70500.00

14 Dec

85000.00

155500.00
70000.00

85500.00

FEROZ & SONS

Date

Exp

Reg

DR

3 Dec

CR
50000.00

25000.00
5 Dec

Balance
50000.00
25000.00

8000.00

33000.00

FURNITURE
Date

Exp

Reg

1 Dec

DR

CR

7000.00

Balance
7000.00

SALARIES
Date

Exp

Reg

DR

CR

Balance

48000.00

48000.00

150000.00

198000.00

OFFICE EQUIPMENTS
Date

Exp

Reg

1 Dec

DR

CR

Balance

8000.00

8000.00

4800.00

12800.00

3000.00

15800.00

REPAIRING MACHINE
Date

Exp

Reg

9 Dec

DR

CR

10000.00

Balance
10000.00

PRINTING CHARGES ACCOUNT

Date
9 Dec

Exp

Reg

DR
8000.00

CR

Balance
8000.00

GAS & OIL ACCOUNT

Date

Exp

Reg

DR

CR

Balance

10 Dec

500.00

500.00

15 Dec

2500.00

3000.00

INTEREST PAYABLE
Date

Exp

Reg

DR

CR

10000.00

Balance
10000.00

DONATION ACCOUNT
Date
8 Dec

Exp

Reg

DR
50000.00

CR

Balance
50000.00

BUILDING ACCOUNT
Date

Exp

Reg

8 Dec

DR

CR

250000.00

Balance
250000.00

NOTES PAYABLE
Date

Exp

Reg

9 Dec

DR

CR

10000.00

Balance
10000.00

BANK ACCOUNT
Date

Exp

Reg

DR

9 Dec
10 Dec

CR
500000.00

500000.00

Balance
500000.00
NIL

DRUMS ACCOUNT
Date

Exp

Reg

6 Dec

DR

CR

12000.00

Balance
12000.00

VAN CHARGES ACCOUNT

Date

Exp

Reg

7 Dec

DR

CR

70000.00

Balance
70000.00

SWEEPING EQUIPMENT ACCOUNT

Date

Exp

Reg

DR
1800.00

CR

Balance
1800.00

STORE RENT ACCOUNT

Date

Exp

Reg

6 Dec

DR

CR

2500.00

Balance
2500.00

BAD DEBTS ACCOUNT

Date

Exp

Reg

6 Dec

DR

CR

25000.00

Balance
25000.00

ALLOWANCE FOR BAD DEBTS

Date
6 Dec

Exp

Reg

DR

CR
25000.00

Balance
25000.00

CARPET CLEANING ACCOUNT

Date

Exp

Reg

DR

CR

500.00

Balance
500.00

ADVERTISEMENT ACCOUNT
Date

Exp

Reg

2 Dec

DR

CR

Balance

3500.00

3500.00

900.00

4400.00

7000.00

11400.00

PREPAID INSURANCE
Date
2 Dec

Exp

Reg

DR
8500.00

CR

Balance
8500.00

TRANSPORT EXPENSE ACCOUNT

Date

Exp

Reg

2 Dec

DR

CR

3500.00

Balance
3500.00

MOTOR BIKE ACCOUNT

Date

Exp

Reg

DR

CR

120000.00

Balance
120000.00

GENERATOR ACCOUNT
Date
7 Dec

Exp

Reg

DR
60000.00

CR

Balance
60000.00

RENT EXPENSE ACCOUNT

Date

Exp

Reg

13 Dec

DR

CR

5000.00

Balance
5000.00

DEPRECIATION EXPENSE ACCOUNT

Date

Exp

Reg

DR

CR

1400.00

Balance
1400.00

ACCUMULATED DEP ACC

Date
2 Dec

Exp

Reg

DR

CR
1400.00

Balance
1400.00

COMPUTER ACCOUNT
Date

Exp

Reg

DR

CR

22000.00

Balance
22000.00

PACKING MACHINE
Date

Exp

Reg

3 Dec

DR

CR

250000.00

Balance
250000.00

CARPET ACCOUNT
Date

Exp

Reg

DR
9000.00

CR

Balance
9000.00

Date

Exp

Reg

DR

4 Dec

CR
11000.00

Balance
11000.00

5 Dec

11000.00

NIL

5 Dec

9500.00

9500.00

8 Dec

4800.00

4700.00

13 Dec

7000.00

11700.00

RAW MATERIAL ACCOUNT

Date

Exp

Reg

4 Dec

DR

CR

11000.00

Balance
10000.00

11000.00

NIL

SPLIT AC
Date
4 Dec

Exp

Reg

DR
35000.00

CR

Balance
35000.00

ACCOUNT RECEIVABLE
Date

Exp

Reg

12 Dec

DR

CR

35000.00

15 Dec

Balance
35000.00

150000.00

115000.00

COMPUTER REPAIR
Date

Exp

Reg

12 Dec

DR

CR

3500.00

Balance
3500.00

WATER TANK ACCOUNT

Date
12 Dec

Exp

Reg

DR
13000.00

CR

Balance
13000.00

STATIONERY ACCOUNT
Date

Exp

Reg

12 Dec

DR

CR

500.00

Balance
500.00

MEDICAL SUPPLIES
Date

Exp

Reg

14 Dec

DR

CR

25000.00

Balance
25000.00

LAUNDRY EXPENSE
Date

Exp

Reg

DR
1500.00

CR

Balance
1500.00

TRIAL BALANCE

Particulars
Cash

Debit
Rs.
1348050.00

HS Capital

1050000.00

Supplies

1500.00

Utility Expense

2250.00

Harris Chemicals

109500.00

Ali & Sons Chemicals *

DH Chemicals *

Credit
Rs.

450000.00
85500.00

Clinix & Co

223000.00

Fazal Din & Sons

825000.00

Feroz & Sons *

Furniture
Salaries Expense

50000.00
7000.00
198000.00

Office Equipments

15800.00

Repairing Machine

10000.00

Printing Charges

8000.00

Gas & Oil Exp

3000.00

Interest Payable

10000.00

Donation

50000.00

Building

250000.00

Notes Payable

100000.00

Drum Account

12000.00

Van Charges

70000.00

Sweeping equipment

1800.00

Store rent

2500.00

Bad debts

25000.00

Allowance for bad debts

Carpet cleaning
Advertisement

25000.00
500.00
11400.00

Prepaid insurance

8500.00

Transport expense

3500.00

Motor Bike

120000.00

Generator

60000.00

Rent Exp

5000.00

Depreciation expense

1400.00

Account depreciation
Computer
Packing machine
Carpet account

1400.00
22000.00
250000.00
9000.00

Account payable raw material

Split AC
Account receivable
Computer repair

11700.00
35000.00
115000.00
3500.00

Water tank
Stationery
Medical supplies
Laundry exp.

13000.00
500.00
25000.00
1500.00

Wages

158100.00
2894200.00

2894200.00

ADJUSTMENTS

Outstanding Wages

200

Wages
Insurance

200
1200

Prepaid Insurance
Salaries

1200
800

Prepaid Salaries
Depreciation (Building)

800
3000

Accumulated Dep
Depreciation (Furniture)

3000
1500

Accumulated Depreciation
Depreciation (Medical Supplies)

1500
1500

Accumulated Deprecation
Depreciation (Packing Machine)

1500
250

Accumulated Depreciation
Depreciation (Equipment)
Accumulated Depreciation

250
750
750

WORK SHEET
Particular
Cash

Trial Balance
Dr
134805
0

HS Capital
Supplies
Utility Expense
Harris Chemicals
Ali & Sons Chemical
DH Chemicals
Clinix & Co.
Fazal Din & Sons
Feroz Sons
Furniture
Salaries & Exp.
Office Equipment
Repair Machine
Printing charges
Gas & Oil
Interest Payable
Donations
Building
Notes payable
Drum
Van charges
Sweeping & equipment

Cr

Adjustment
Dr

105000
0
1500
2250
109500
450000
85500
223000
825000
50000
7000
198000
15800
10000
8000
3000
10000
50000
250000

1500
800
750

3000

Cr

Adjustment Trial
Balance
Dr
Cr
134803
0
105000
0
1500
2250
104500
45000
85500
223000
825000
50000
198800
16550
10000
8000
3000
10000
50000
25300

100000
12000
70000
1800

100000
12000
70000
1800

Income
Statement
Dr
Cr

Balance Sheet
Dr

Cr

Store Rent
Bad debts
Allowance for debts
Carpet clean
Advertisement
Prepaid in sum
Transport exp.
Motor Bike
Generator
Rent Exp.
Dep. Exp
Acc Dep.
Computer
Packing
Carpet Acc
Account payable
Split AC
Account receivable
Computer repair
Water tank
Stationery
Medical supply
Laundry exp
Wages
Total
Outstanding wages
Insurance
Prepaid salaries

2500
25000

2500
25000
25000

25000

500
11400
8500
3500
120000
60000
5000
1400

1200

500
11400
8500
3500
120000
60000
5000
1400

1400
22000
250000
9000

1400
22000
250250
9000

250
11700

35000
115000
3500
13000
500
25000
1500
289420
0

11700
35000
115000
3500
13000
500
26500
1500

1500
158100
289420
0

200
288222
0
200
1200
800

158300
288222
0

Acc Dep. (on building)

Acc Dep. (on furniture)
Acc Dep. (equip)
Acc Dep (Medical Supply)
Acc Dep (Machine)
9200

3000
1500
750
1500
250
9200