Experiential Learning Component 15.09.

2017
ZC415

INDEX
1. Salon........................................................................................................ 2
2. Book Store............................................................................................... 3
3. Grocery Store (Brick & Mortar) ............................................................... 4
4. Fruit Vendor ............................................................................................ 5
5. Books/ CDs Library .................................................................................. 6
6. SPA .......................................................................................................... 7
7. Mobile service provider (Retail store) .................................................... 8
8. Law Firm .................................................................................................. 9
9. Event Organiser..................................................................................... 10
10. Gift Shop ............................................................................................... 11
11. Furnishing House .................................................................................. 12
12. Kids Wear .............................................................................................. 13
13. Electric/ Lighting House ........................................................................ 14
14. Tea Café House ..................................................................................... 15
15. Shoe Store ............................................................................................. 16
16. Restaurant............................................................................................. 17
17. Jewellery Store ...................................................................................... 18
18. Flower Vendor ...................................................................................... 19
19. Cloth Merchant ..................................................................................... 20
20. Mobile (Handset) Seller ........................................................................ 21
21. Fast Food Centre ................................................................................... 22
22. Stationery shop ..................................................................................... 23
23. Hardware Store ..................................................................................... 24
24. Fitness Centre ....................................................................................... 25
25. Dry Cleaning & Laundry ........................................................................ 26
26. Nutrition Centre .................................................................................... 27
27. Cakes & Bakery ..................................................................................... 28
28. Furniture Store (Brick & Mortar) .......................................................... 29
29. Mithaiwala ............................................................................................ 30

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Salon
Date of the List of Transactions Amount (₹)
transaction
01-08-2017 Setup the business with capital brought in by the
owner in cash 6,00,000
02-08-2017 Deposited the cash in the bank 3,60,000
04-08-2017 Loan taken from Bank 4,00,000
10-08-2017 Paid rent in advance for the first quarter by cheque 60,000
11-08-2017 Purchased furniture and fixtures by cheque 1,64,000
11-08-2017 Bought Equipment's and paid by cheque 4,10,000
12-08-2017 Placed order and received supplies (paid cash) 13,650
12-08-2017 Placed an order for the merchandise 1,13,750
13-08-2017 Received Merchandise inventory and paid in cash 1,13,750
15-08-2017 Inauguration / launch expenses (paid in cash) 33,000
15-08-2017 Cash sales for products 22,750
16-08-2017 Taken annual insurance cover for business (paid by
cheque) 45,500
16-08-2017 Printed brochures / flyers (cash payment) 11,375
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 32,000
18-08-2017 Bought Merchandise Inventory on credit 22,750
24-08-2017 Received advance for goods to be delivered /
services to be rendered in September 2017 (by
cash) 12,000
28-08-2017 Paid the amount due to creditors by cheque 15,925
30-08-2017 Rendered services to customers and received cash 2,04,750
30-08-2017 Credit sales for the month 22,750
30-08-2017 Money withdrawn from the business (Drawings) 1,20,000
31-08-2017 Paid electricity bill in cash 4,550
31-08-2017 Paid salary to employees in cash 68,250
31-08-2017 Paid telephone charges in cash 2,275
31-08-2017 Paid interest on loan taken by cheque 3,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Book Store
Date of the List of Transactions Amount (₹)
transaction
01-08-2017 Issued Shares against amount received from the
50,00,000
investors
02-08-2017 Deposited the cash in the bank 45,00,000
04-08-2017 Loan taken from Bank 15,00,000
10-08-2017 Purchased premises for business operations and
45,00,000
paid by cheque
11-08-2017 Purchased furniture and fixtures by cheque 5,98,000
11-08-2017 Bought Equipment's and paid by cheque 2,30,000
12-08-2017 Placed order and received supplies (paid cash) 30,624
12-08-2017 Placed an order for the merchandise 2,55,200
13-08-2017 Received Merchandise inventory and paid in
2,55,200
cash
15-08-2017 Inauguration / launch expenses (paid in cash) 27,500
16-08-2017 Taken annual insurance cover for business (paid
1,02,080
by cheque)
16-08-2017 Printed brochures / flyers (cash payment) 25,520
16-08-2017 Paid annual subscription for monthly/ trade
5,600
magazines (cash)
18-08-2017 Bought Merchandise Inventory on credit 51,040
28-08-2017 Paid the amount due to creditors by cheque 35,728
30-08-2017 Cash sales for the month 4,59,360
30-08-2017 Credit sales for the month 51,040
31-08-2017 Paid electricity bill in cash 10,208
31-08-2017 Paid salary to employees in cash 51,040
31-08-2017 Paid telephone charges in cash 5,104
31-08-2017 Paid property taxes by cheque 4,500
31-08-2017 Paid interest on loan taken by cheque 12,000
31-08-2017 Paid dividends by cheque 25,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Grocery Store (Brick & Mortar)

Date of the List of Transactions Amount (₹)
transaction
01-08-2017 Setup the business with capital brought in by the
4,00,000
owner in cash
02-08-2017 Deposited the cash in the bank 3,20,000
04-08-2017 Money lent to the business by a cousin 3,50,000
10-08-2017 Paid rent in advance for the first quarter by cheque 75,000
11-08-2017 Purchased furniture and fixtures by cheque 52,000
11-08-2017 Bought Equipment's and paid by cheque 20,000
12-08-2017 Placed order and received supplies (paid cash) 17,100
12-08-2017 Placed an order for the merchandise 1,71,000
13-08-2017 Received Merchandise inventory and paid in cash 1,71,000
15-08-2017 Inauguration / launch expenses (paid in cash) 22,000
16-08-2017 Taken annual insurance cover for business (paid by
28,500
cheque)
16-08-2017 Printed brochures / flyers (cash payment) 14,250
16-08-2017 Paid annual subscription for monthly/ trade
12,000
magazines (cash)
18-08-2017 Bought Merchandise Inventory on credit 28,500
28-08-2017 Paid the amount due to creditors by cheque 19,950
30-08-2017 Cash sales for the month 2,56,500
30-08-2017 Credit sales for the month 28,500
30-08-2017 Money withdrawn from the business (Drawings) 1,60,000
31-08-2017 Paid electricity bill in cash 5,700
31-08-2017 Paid salary to employees in cash 28,500
31-08-2017 Paid telephone charges in cash 2,850
31-08-2017 Paid interest on loan taken by cheque 3,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Fruit Vendor
Date of the List of Transactions Amount (₹)
transaction
01-08-2017 Setup the business with capital brought in by the
owner in cash 4,75,000
02-08-2017 Deposited the cash in the bank 4,27,500
04-08-2017 Money lent to the business by a cousin 1,00,000
10-08-2017 Paid rent in advance for the first quarter by cheque 36,000
11-08-2017 Purchased furniture and fixtures by cheque 52,250
11-08-2017 Bought Equipment's and paid by cheque 2,61,250
12-08-2017 Placed order and received supplies (paid cash) 12,967
12-08-2017 Placed an order for the merchandise 1,08,062
13-08-2017 Received Merchandise inventory and paid in cash 1,08,062
15-08-2017 Inauguration / launch expenses (paid in cash) 26,125
16-08-2017 Taken annual insurance cover for business (paid by
cheque) 43,230
16-08-2017 Printed brochures / flyers (cash payment) 10,806
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 12,000
18-08-2017 Bought Merchandise Inventory on credit 21,612
28-08-2017 Paid the amount due to creditors by cheque 21,612
30-08-2017 Cash sales for the month 1,94,512
30-08-2017 Credit sales for the month 21,612
30-08-2017 Money withdrawn from the business (Drawings) 50,000
31-08-2017 Paid electricity bill in cash 4,322
31-08-2017 Paid salary to employees in cash 21,612
31-08-2017 Paid telephone charges in cash 2,161
31-08-2017 Paid interest on loan taken by cheque 500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Books/ CDs Library

Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by the
owner in cash 3,50,000
02-08-2017 Deposited the cash in the bank 3,15,000
04-08-2017 Money lent to the business by a cousin 1,20,000
10-08-2017 Paid rent in advance for the first quarter by cheque 1,08,000
11-08-2017 Purchased furniture and fixtures by cheque 45,500
11-08-2017 Bought Equipment's and paid by cheque 17,500
12-08-2017 Placed order and received office supplies (paid
cash) 15,120
12-08-2017 Placed an order for the merchandise 1,51,200
13-08-2017 Received Merchandise inventory and paid in cash 1,51,200
15-08-2017 Inauguration / launch expenses (paid in cash) 19,250
16-08-2017 Taken annual insurance cover for business (paid by
cheque) 50,400
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 5,600
18-08-2017 Bought Merchandise Inventory on credit 25,200
30-08-2017 Annual membership subscription received 2,52,000
30-08-2017 Money withdrawn from the business (Drawings) 80,000
31-08-2017 Paid electricity bill in cash 5,040
31-08-2017 Paid salary to employees in cash 25,200
31-08-2017 Paid telephone charges in cash 2,520
31-08-2017 Paid interest on loan taken by cheque 1,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

SPA
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by the
2,75,000
owner in cash
02-08-2017 Deposited the cash in the bank 2,20,000
04-08-2017 Loan taken from Bank 1,50,000
11-08-2017 Purchased furniture and fixtures by cheque 36,250
11-08-2017 Bought Equipment's and paid by cheque 1,81,250
12-08-2017 Placed order and received supplies (paid cash) 16,200
12-08-2017 Placed an order for the merchandise 54,000
13-08-2017 Received Merchandise inventory and paid in cash 54,000
15-08-2017 Inauguration / launch expenses (paid in cash) 15,125
15-08-2017 Rendered services to customers and received
1,08,000
cash / Cash Sales
16-08-2017 Taken annual insurance cover for business (paid
54,000
by cheque)
16-08-2017 Printed brochures / flyers (cash payment) 13,500
16-08-2017 Paid annual subscription for monthly/ trade
26,000
magazines (cash)
18-08-2017 Bought Merchandise Inventory on credit 1,08,000
30-08-2017 Revenue for the month (yet to be received) 162000
31-08-2017 Paid electricity bill in cash 5,400
31-08-2017 Paid salary to employees in cash 27,000
31-08-2017 Paid telephone charges in cash 2,700
31-08-2017 Paid interest on loan taken by cheque 1,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Mobile service provider (Retail store)

Date of the List of Transactions Amount (₹)
transaction
01-08-2017 Setup the business with capital brought in by the
owner in cash 7,50,000
02-08-2017 Deposited the cash in the bank 6,00,000
04-08-2017 Loan taken from Bank 2,00,000
11-08-2017 Purchased furniture and fixtures by cheque 90,500
11-08-2017 Bought Equipment's and paid by cheque 4,52,500
12-08-2017 Placed order and received supplies (paid cash) 11,400
12-08-2017 Placed an order for the merchandise 95,000
13-08-2017 Received Merchandise inventory and paid in cash 95,000
15-08-2017 Inauguration / launch expenses (paid in cash) 41,250
16-08-2017 Taken annual insurance cover for business (paid by
cheque) 38,000
16-08-2017 Printed brochures / flyers (cash payment) 9,500
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 12,500
18-08-2017 Bought Merchandise Inventory on credit 19,000
30-08-2017 Revenue for the month (received in cash) 1,71,000
30-08-2017 Revenue for the month (on Credit) 19,000
30-08-2017 Money withdrawn from the business (Drawings) 75,000
31-08-2017 Paid electricity bill in cash 3,800
31-08-2017 Paid salary to employees in cash 19,000
31-08-2017 Paid telephone charges in cash 1,900
31-08-2017 Paid interest on loan taken by cheque 1,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Law Firm
Date of the List of Transactions Amount (₹)
transaction
01-08-2017 Setup the business with capital brought in by the 8,00,000
owner in cash
02-08-2017 Deposited the cash in the bank 7,20,000
11-08-2017 Purchased furniture and fixtures by cheque 16,000
11-08-2017 Bought Computer and paid by cheque 40,000
12-08-2017 Placed order for office supplies and received 15,000
(paid cash)
12-08-2017 Placed an order for software licence 50,000
13-08-2017 Received and installed software & paid in cash 50,000
15-08-2017 Inauguration / launch expenses (paid in cash) 20,000
15-08-2017 Rendered services to customers and received 1,50,000
cash
16-08-2017 Taken annual insurance cover for business (paid 50,000
by cheque)
16-08-2017 Printed brochures / flyers (cash payment) 12,500
16-08-2017 Paid annual subscription for legal magazines 35,000
(cash)
18-08-2017 Bought on credit an HP printer 25,000
30-08-2017 Revenue for the month (yet to be received) 100000
30-08-2017 Money withdrawn from the business (Drawings) 1,50,000
31-08-2017 Paid electricity bill in cash 5,000
31-08-2017 Paid salary to employees in cash 25,000
31-08-2017 Paid telephone charges in cash 2,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Event Organiser
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by the
owner in cash 1,50,000
02-08-2017 Deposited the cash in the bank 1,20,000
04-08-2017 Money lent to the business by a cousin 1,20,000
11-08-2017 Purchased furniture and fixtures by cheque 3,000
11-08-2017 Bought Equipment's and paid by cheque 7,500
12-08-2017 Placed order and received supplies (paid cash) 27,000
12-08-2017 Placed an order for the merchandise 90,000
13-08-2017 Received Merchandise inventory and paid in cash 90,000
15-08-2017 Inauguration / launch expenses (paid in cash) 8,250
15-08-2017 Rendered services to customers and received cash 45,000
16-08-2017 Taken annual insurance cover for business (paid by
cheque) 90,000
16-08-2017 Printed brochures / flyers (cash payment) 22,500
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 10,000
18-08-2017 Bought Merchandise Inventory on credit 1,80,000
30-08-2017 Revenue for the month (received in cash) 405000
30-08-2017 Revenue for the month (on credit) 45,000
30-08-2017 Money withdrawn from the business (Drawings) 1,00,000
31-08-2017 Paid electricity bill in cash 9,000
31-08-2017 Paid salary to employees in cash 45,000
31-08-2017 Paid telephone charges in cash 4,500
31-08-2017 Paid interest on loan taken by cheque 1,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Gift Shop
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Issued Shares against amount received from the
investors 25,00,000
02-08-2017 Deposited the cash in the bank 22,50,000
10-08-2017 Paid rent in advance for the first quarter by
cheque 1,80,000
11-08-2017 Purchased furniture and fixtures by cheque 5,25,000
11-08-2017 Bought Equipment's and paid by cheque 8,75,000
12-08-2017 Placed order and received supplies (paid cash) 15,566
12-08-2017 Placed an order for the merchandise 1,29,715
13-08-2017 Received Merchandise inventory and paid in
cash 1,29,715
15-08-2017 Inauguration / launch expenses (paid in cash) 13,750
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 51,890
16-08-2017 Printed brochures / flyers (cash payment) 12,971
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 9,000
18-08-2017 Bought Merchandise Inventory on credit 25,943
30-08-2017 Cash sales for the month 2,33,486
30-08-2017 Credit sales for the month 25,943
31-08-2017 Paid electricity bill in cash 5,189
31-08-2017 Paid salary to employees in cash 25,943
31-08-2017 Paid telephone charges in cash 2,594
31-08-2017 Paid dividends by cheque 12,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Furnishing House
Date of the List of Transactions Amount (₹)
transaction
01-08-2017 Issued Shares against amount received from 25,00,000
the investors
02-08-2017 Deposited the cash in the bank 22,50,000
10-08-2017 Paid rent in advance for the first quarter by 2,10,000
cheque
11-08-2017 Purchased furniture and fixtures by cheque 2,25,000
11-08-2017 Bought Equipment's and paid by cheque 11,25,000
12-08-2017 Placed order and received supplies (paid cash) 23,057
12-08-2017 Placed an order for the merchandise 1,92,138
13-08-2017 Received Merchandise inventory and paid in 1,92,138
cash
15-08-2017 Inauguration / launch expenses (paid in cash) 13,750
16-08-2017 Taken annual insurance cover for business 76,860
(paid by cheque)
16-08-2017 Printed brochures / flyers (cash payment) 19,214
16-08-2017 Paid annual subscription for monthly/ trade 12,000
magazines (cash)
18-08-2017 Bought Merchandise Inventory on credit 38,428
30-08-2017 Cash sales for the month 3,45,848
30-08-2017 Credit sales for the month 38,428
31-08-2017 Paid electricity bill in cash 7,686
31-08-2017 Paid salary to employees in cash 38,428
31-08-2017 Paid telephone charges in cash 3,843
31-08-2017 Paid dividends by cheque 12,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Kids Wear
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Issued Shares against amount received from the
investors 25,00,000
02-08-2017 Deposited the cash in the bank 22,50,000
04-08-2017 Loan taken from Bank 25,00,000
10-08-2017 Purchased premises for business operations and
paid by cheque 35,00,000
11-08-2017 Purchased furniture and fixtures by cheque 1,25,000
11-08-2017 Bought Equipment's and paid by cheque 6,25,000
12-08-2017 Placed order and received supplies (paid cash) 38,038
12-08-2017 Placed an order for the merchandise 3,16,985
13-08-2017 Received Merchandise inventory and paid in
cash 3,16,985
15-08-2017 Inauguration / launch expenses (paid in cash) 13,750
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 1,26,800
16-08-2017 Printed brochures / flyers (cash payment) 31,698
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 2,000
18-08-2017 Bought Merchandise Inventory on credit 63,397
30-08-2017 Cash sales for the month 5,70,573
30-08-2017 Credit sales for the month 63,397
31-08-2017 Paid electricity bill in cash 12,679
31-08-2017 Paid salary to employees in cash 63,397
31-08-2017 Paid telephone charges in cash 6,340
31-08-2017 Paid property taxes by cheque 3,500
31-08-2017 Paid interest on loan taken by cheque 20,000
31-08-2017 Paid dividends by cheque 12,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Electric/ Lighting House

Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Issued Shares against amount received from the
investors 45,00,000
02-08-2017 Deposited the cash in the bank 40,50,000
10-08-2017 Paid rent in advance for the first quarter by cheque 1,50,000
11-08-2017 Purchased furniture and fixtures by cheque 4,05,000
11-08-2017 Bought Equipment's and paid by cheque 20,25,000
12-08-2017 Placed order and received supplies (paid cash) 29,555
12-08-2017 Placed an order for the merchandise 2,46,288
13-08-2017 Received Merchandise inventory and paid in cash 2,46,288
15-08-2017 Inauguration / launch expenses (paid in cash) 24,750
16-08-2017 Taken annual insurance cover for business (paid by
cheque) 98,520
16-08-2017 Printed brochures / flyers (cash payment) 24,629
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 3,500
18-08-2017 Bought Merchandise Inventory on credit 49,258
30-08-2017 Cash sales for the month 4,43,319
30-08-2017 Credit sales for the month 49,258
31-08-2017 Paid electricity bill in cash 9,852
31-08-2017 Paid salary to employees in cash 49,258
31-08-2017 Paid telephone charges in cash 4,926
31-08-2017 Paid dividends by cheque 22,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Tea Café House

Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by the
owner in cash 5,00,000
02-08-2017 Deposited the cash in the bank 4,00,000
04-08-2017 Money lent to the business by a cousin 2,50,000
10-08-2017 Paid rent in advance for the first quarter by
cheque 66,000
11-08-2017 Purchased furniture and fixtures by cheque 10,000
11-08-2017 Bought Equipment's and paid by cheque 25,000
12-08-2017 Placed order and received supplies (paid cash) 7,533
12-08-2017 Placed an order for the merchandise 62,779
13-08-2017 Received Merchandise inventory and paid in cash 62,779
15-08-2017 Inauguration / launch expenses (paid in cash) 2,75,000
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 25,120
16-08-2017 Printed brochures / flyers (cash payment) 6,278
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 15,000
18-08-2017 Bought Merchandise Inventory on credit 12,556
30-08-2017 Cash sales for the month 1,13,002
30-08-2017 Credit sales for the month 12,556
30-08-2017 Money withdrawn from the business (Drawings) 30,000
31-08-2017 Paid electricity bill in cash 2,511
31-08-2017 Paid salary to employees in cash 25,111
31-08-2017 Paid telephone charges in cash 1,256
31-08-2017 Paid interest on loan taken by cheque 2,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Shoe Store
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by the
owner in cash 8,50,000
02-08-2017 Deposited the cash in the bank 7,65,000
04-08-2017 Money lent to the business by a cousin 2,00,000
10-08-2017 Paid rent in advance for the first quarter by
cheque 1,08,000
11-08-2017 Purchased furniture and fixtures by cheque 93,500
11-08-2017 Bought Equipment's and paid by cheque 4,67,500
12-08-2017 Placed order and received supplies (paid cash) 9,360
12-08-2017 Placed an order for the merchandise 78,000
13-08-2017 Received Merchandise inventory and paid in cash 78,000
15-08-2017 Inauguration / launch expenses (paid in cash) 46,750
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 31,200
16-08-2017 Printed brochures / flyers (cash payment) 7,800
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 4,500
18-08-2017 Bought Merchandise Inventory on credit 15,600
30-08-2017 Cash sales for the month 1,40,400
30-08-2017 Credit sales for the month 15,600
30-08-2017 Money withdrawn from the business (Drawings) 1,20,000
31-08-2017 Paid electricity bill in cash 3,120
31-08-2017 Paid salary to employees in cash 46,800
31-08-2017 Paid telephone charges in cash 1,560
31-08-2017 Paid interest on loan taken by cheque 1,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Restaurant
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by
the owner in cash 10,00,000
02-08-2017 Deposited the cash in the bank 8,00,000
04-08-2017 Loan taken from Bank 5,00,000
10-08-2017 Paid rent in advance for the first quarter by
cheque 1,20,000
11-08-2017 Purchased furniture and fixtures by cheque 1,30,000
11-08-2017 Bought Equipment's and paid by cheque 6,50,000
12-08-2017 Placed order and received supplies (paid cash) 25,945
12-08-2017 Placed an order for the merchandise 2,16,205
13-08-2017 Received Merchandise inventory and paid in
cash 2,16,205
15-08-2017 Inauguration / launch expenses (paid in cash) 55,000
16-08-2017 Taken annual insurance cover for business
(paid by cheque) 86,490
16-08-2017 Printed brochures / flyers (cash payment) 21,620
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 800
18-08-2017 Bought Merchandise Inventory on credit 43,241
30-08-2017 Cash sales for the month 3,89,169
30-08-2017 Credit sales for the month 43,241
30-08-2017 Money withdrawn from the business
(Drawings) 75,000
31-08-2017 Paid electricity bill in cash 8,648
31-08-2017 Paid salary to employees in cash 86,482
31-08-2017 Paid telephone charges in cash 4,324
31-08-2017 Paid interest on loan taken by cheque 4,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Jewellery Store
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Issued Shares against amount received from the
1,00,00,000
investors
02-08-2017 Deposited the cash in the bank 95,00,000
04-08-2017 Loan taken from Bank 60,00,000
10-08-2017 Purchased premises for business operations and
paid by cheque 1,30,00,000

11-08-2017 Purchased furniture and fixtures by cheque 2,08,000

11-08-2017 Bought Equipment's and paid by cheque 5,20,000
12-08-2017 Placed order and received supplies (paid cash) 20,982
12-08-2017 Placed an order for the merchandise 7,86,842
13-08-2017 Received Merchandise inventory and paid in cash 7,86,842
15-08-2017 Inauguration / launch expenses (paid in cash) 55,000
16-08-2017 Taken annual insurance cover for business (paid
2,09,830
by cheque)
16-08-2017 Printed brochures / flyers (cash payment) 41,965
16-08-2017 Paid annual subscription for monthly/ trade
16,000
magazines (cash)
18-08-2017 Bought Merchandise Inventory on credit 1,04,912
30-08-2017 Cash sales for the month 8,39,298
30-08-2017 Credit sales for the month 2,09,825
31-08-2017 Paid electricity bill in cash 20,982
31-08-2017 Paid salary to employees in cash 1,04,912
31-08-2017 Paid telephone charges in cash 10,491
31-08-2017 Paid property taxes by cheque 13,000
31-08-2017 Paid interest on loan taken by cheque 40,000
31-08-2017 Paid dividends by cheque 50,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Flower Vendor
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by
the owner in cash 1,00,000
02-08-2017 Deposited the cash in the bank 80,000
04-08-2017 Loan taken from Bank 50,000
10-08-2017 Paid rent in advance for the first quarter by
cheque 15,000
11-08-2017 Purchased furniture and fixtures by cheque 2,400
11-08-2017 Bought Equipment's and paid by cheque 6,000
12-08-2017 Placed order and received supplies (paid cash) 2,708
12-08-2017 Placed an order for the merchandise 22,563
13-08-2017 Received Merchandise inventory and paid in
cash 22,563
15-08-2017 Inauguration / launch expenses (paid in cash) 5,500
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 9,030
16-08-2017 Printed brochures / flyers (cash payment) 2,256
18-08-2017 Bought Merchandise Inventory on credit 4,513
30-08-2017 Cash sales for the month 40,613
30-08-2017 Credit sales for the month 4,513
30-08-2017 Money withdrawn from the business (Drawings) 10,000
31-08-2017 Paid electricity bill in cash 903
31-08-2017 Paid salary to employees in cash 4,513
31-08-2017 Paid telephone charges in cash 451
31-08-2017 Paid interest on loan taken by cheque 300

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Cloth Merchant
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by
the owner in cash 45,00,000
02-08-2017 Deposited the cash in the bank 36,00,000
04-08-2017 Loan taken from Bank 25,00,000
10-08-2017 Purchased premises for business operations and
paid by cheque
50,00,000
11-08-2017 Purchased furniture and fixtures by cheque 82,500
11-08-2017 Bought Equipment's and paid by cheque 2,75,000
12-08-2017 Placed order and received supplies (paid cash) 34,518
12-08-2017 Placed an order for the merchandise 2,87,653
13-08-2017 Received Merchandise inventory and paid in
cash 2,87,653
15-08-2017 Inauguration / launch expenses (paid in cash) 2,47,500
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 1,15,070
16-08-2017 Printed brochures / flyers (cash payment) 28,765
18-08-2017 Bought Merchandise Inventory on credit 57,531
30-08-2017 Cash sales for the month 5,17,776
30-08-2017 Credit sales for the month 57,531
30-08-2017 Money withdrawn from the business (Drawings) 2,00,000
31-08-2017 Paid electricity bill in cash 11,506
31-08-2017 Paid salary to employees in cash 57,531
31-08-2017 Paid telephone charges in cash 5,753
31-08-2017 Paid property taxes by cheque 5,000
31-08-2017 Paid interest on loan taken by cheque 20,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Mobile (Handset) Seller

Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in
by the owner in cash 50,00,000
02-08-2017 Deposited the cash in the bank 45,00,000
04-08-2017 Loan taken from Bank 15,00,000
10-08-2017 Paid rent in advance for the first quarter by
cheque 3,60,000
11-08-2017 Purchased furniture and fixtures by cheque 6,10,000
11-08-2017 Bought Equipment's and paid by cheque 30,50,000
12-08-2017 Placed order and received supplies (paid
cash) 76,110
12-08-2017 Placed an order for the merchandise 6,34,250
13-08-2017 Received Merchandise inventory and paid
in cash 6,34,250
15-08-2017 Inauguration / launch expenses (paid in
cash) 2,75,000
16-08-2017 Taken annual insurance cover for business
(paid by cheque) 2,53,700
16-08-2017 Printed brochures / flyers (cash payment) 63,430
18-08-2017 Bought Merchandise Inventory on credit 1,26,850
30-08-2017 Cash sales for the month 11,41,650
30-08-2017 Credit sales for the month 1,26,850
30-08-2017 Money withdrawn from the business
(Drawings) 1,50,000
31-08-2017 Paid electricity bill in cash 25,370
31-08-2017 Paid salary to employees in cash 1,26,850
31-08-2017 Paid telephone charges in cash 12,685
31-08-2017 Paid interest on loan taken by cheque 12,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Fast Food Centre

Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by
the owner in cash 5,00,000
02-08-2017 Deposited the cash in the bank 4,00,000
04-08-2017 Loan taken from Bank 3,00,000
10-08-2017 Paid rent in advance for the first quarter by
cheque 60,000
11-08-2017 Purchased furniture and fixtures by cheque 67,000
11-08-2017 Bought Equipment's and paid by cheque 3,35,000
12-08-2017 Placed order and received supplies (paid cash) 16,354
12-08-2017 Placed an order for the merchandise 1,36,286
13-08-2017 Received Merchandise inventory and paid in
cash 1,36,286
15-08-2017 Inauguration / launch expenses (paid in cash) 27,500
16-08-2017 Taken annual insurance cover for business
(paid by cheque) 54,520
16-08-2017 Printed brochures / flyers (cash payment) 13,630
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 9,000
18-08-2017 Bought Merchandise Inventory on credit 27,257
30-08-2017 Cash sales for the month 2,45,316
30-08-2017 Credit sales for the month 27,257
30-08-2017 Money withdrawn from the business
(Drawings) 50,000
31-08-2017 Paid electricity bill in cash 5,451
31-08-2017 Paid salary to employees in cash 27,257
31-08-2017 Paid telephone charges in cash 2,726
31-08-2017 Paid interest on loan taken by cheque 2,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Stationery shop
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by
the owner in cash 15,00,000
02-08-2017 Deposited the cash in the bank 12,00,000
04-08-2017 Loan taken from Bank 3,00,000
10-08-2017 Paid rent in advance for the first quarter by
cheque 2,25,000
11-08-2017 Purchased furniture and fixtures by cheque 32,400
11-08-2017 Bought Equipment's and paid by cheque 81,000
12-08-2017 Placed order and received supplies (paid cash) 21,993
12-08-2017 Placed an order for the merchandise 2,19,926
13-08-2017 Received Merchandise inventory and paid in
cash 2,19,926
15-08-2017 Inauguration / launch expenses (paid in cash) 22,500
16-08-2017 Taken annual insurance cover for business
(paid by cheque) 73,310
16-08-2017 Printed brochures / flyers (cash payment) 18,330
18-08-2017 Bought Merchandise Inventory on credit 36,654
30-08-2017 Cash sales for the month 3,29,888
30-08-2017 Credit sales for the month 36,654
30-08-2017 Money withdrawn from the business
(Drawings) 1,00,000
31-08-2017 Paid electricity bill in cash 7,331
31-08-2017 Paid salary to employees in cash 36,654
31-08-2017 Paid telephone charges in cash 3,665
31-08-2017 Paid interest on loan taken by cheque 2,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Hardware Store
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by
the owner in cash 18,00,000
02-08-2017 Deposited the cash in the bank 16,20,000
04-08-2017 Money lent to the business by a cousin 2,00,000
10-08-2017 Purchased premises for business operations
and paid by cheque 12,50,000
11-08-2017 Purchased furniture and fixtures by cheque 36,000
11-08-2017 Bought Equipment's and paid by cheque 90,000
12-08-2017 Placed order and received supplies (paid cash) 16,397
12-08-2017 Placed an order for the merchandise 1,36,642
13-08-2017 Received Merchandise inventory and paid in
cash 1,36,642
15-08-2017 Inauguration / launch expenses (paid in cash) 27,000
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 54,660
16-08-2017 Printed brochures / flyers (cash payment) 13,660
18-08-2017 Bought Merchandise Inventory on credit 27,328
30-08-2017 Cash sales for the month 1,91,298
30-08-2017 Credit sales for the month 81,985
30-08-2017 Money withdrawn from the business
(Drawings) 75,000
31-08-2017 Paid electricity bill in cash 5,466
31-08-2017 Paid salary to employees in cash 32,794
31-08-2017 Paid telephone charges in cash 2,733
31-08-2017 Paid property taxes by cheque 1,250
31-08-2017 Paid interest on loan taken by cheque 1,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Fitness Centre
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Issued Shares against amount received from
the investors 35,00,000
02-08-2017 Deposited the cash in the bank 31,50,000
04-08-2017 Loan taken from Bank 7,00,000
10-08-2017 Paid rent in advance for the first quarter by
cheque 2,70,000
11-08-2017 Purchased furniture and fixtures by cheque 5,11,000
11-08-2017 Bought Equipment's and paid by cheque 25,55,000
12-08-2017 Placed order and received supplies (paid cash) 27,840
12-08-2017 Placed an order for the merchandise 92,800
13-08-2017 Received Merchandise inventory and paid in
cash 92,800
15-08-2017 Inauguration / launch expenses (paid in cash) 19,250
16-08-2017 Taken annual insurance cover for business
(paid by cheque) 92,800
16-08-2017 Printed brochures / flyers (cash payment) 23,200
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 56,000
18-08-2017 Bought Merchandise Inventory on credit 46,400
30-08-2017 Annual membership subscription received 4,17,600
30-08-2017 Annual membership subscription yet to be
received (members registered but not paid) 46,400
31-08-2017 Paid electricity bill in cash 9,280
31-08-2017 Paid salary to employees in cash 92,800
31-08-2017 Paid telephone charges in cash 4,640
31-08-2017 Paid interest on loan taken by cheque 5,000
31-08-2017 Paid dividends by cheque 17,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Dry Cleaning & Laundry

Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by the
owner in cash 5,00,000
02-08-2017 Deposited the cash in the bank 4,00,000
04-08-2017 Money lent to the business by a cousin 2,00,000
10-08-2017 Paid rent in advance for the first quarter by
cheque 60,000
11-08-2017 Purchased furniture and fixtures by cheque 30,000
11-08-2017 Bought Equipment's and paid by cheque 75,000
12-08-2017 Placed order and received supplies (paid cash) 4,484
12-08-2017 Placed an order for the merchandise 37,366
13-08-2017 Received Merchandise inventory and paid in cash 37,366
15-08-2017 Inauguration / launch expenses (paid in cash) 27,500
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 14,950
16-08-2017 Printed brochures / flyers (cash payment) 3,740
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 2,400
18-08-2017 Bought Merchandise Inventory on credit 7,473
30-08-2017 Revenue for the month (received in cash) 67,259
30-08-2017 Revenue for the month (on Credit) 7,473
30-08-2017 Money withdrawn from the business (Drawings) 25,000
31-08-2017 Paid electricity bill in cash 1,495
31-08-2017 Paid salary to employees in cash 7,473
31-08-2017 Paid telephone charges in cash 747
31-08-2017 Paid interest on loan taken by cheque 1,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Nutrition Centre
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Issued Shares against amount received from the
investors 35,00,000
02-08-2017 Deposited the cash in the bank 31,50,000
04-08-2017 Loan taken from Bank 10,00,000
10-08-2017 Purchased premises for business operations and
paid by cheque 35,00,000
11-08-2017 Purchased furniture and fixtures by cheque 64,000
11-08-2017 Bought Equipment's and paid by cheque 1,60,000
12-08-2017 Placed order and received supplies (paid cash) 8,880
12-08-2017 Placed an order for the merchandise 74,000
13-08-2017 Received Merchandise inventory and paid in
cash 74,000
15-08-2017 Inauguration / launch expenses (paid in cash) 19,250
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 29,600
16-08-2017 Printed brochures / flyers (cash payment) 7,400
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 9,000
18-08-2017 Bought Merchandise Inventory on credit 14,800
30-08-2017 Cash sales for the month 1,33,200
30-08-2017 Credit sales for the month 14,800
31-08-2017 Paid electricity bill in cash 2,960
31-08-2017 Paid salary to employees in cash 14,800
31-08-2017 Paid telephone charges in cash 1,480
31-08-2017 Paid property taxes by cheque 3,500
31-08-2017 Paid interest on loan taken by cheque 8,000
31-08-2017 Paid dividends by cheque 17,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Cakes & Bakery

Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Issued Shares against amount received from the
investors 50,00,000
02-08-2017 Deposited the cash in the bank 45,00,000
04-08-2017 Loan taken from Bank 15,00,000
10-08-2017 Purchased premises for business operations and
paid by cheque 30,00,000
11-08-2017 Purchased furniture and fixtures by cheque 3,80,000
11-08-2017 Bought Equipment's and paid by cheque 19,00,000
12-08-2017 Placed order and received supplies (paid cash) 8,274
12-08-2017 Placed an order for the merchandise 68,954
13-08-2017 Received Merchandise inventory and paid in
cash 68,954
15-08-2017 Inauguration / launch expenses (paid in cash) 27,500
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 27,590
16-08-2017 Printed brochures / flyers (cash payment) 6,900
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 1,200
18-08-2017 Bought Merchandise Inventory on credit 13,791
30-08-2017 Cash sales for the month 1,24,117
30-08-2017 Credit sales for the month 13,791
31-08-2017 Paid electricity bill in cash 2,758
31-08-2017 Paid salary to employees in cash 27,582
31-08-2017 Paid telephone charges in cash 1,379
31-08-2017 Paid property taxes by cheque 3,000
31-08-2017 Paid interest on loan taken by cheque 12,000
31-08-2017 Paid dividends by cheque 25,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Furniture Store (Brick & Mortar)

Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Issued Shares against amount received from the
investors 55,00,000
02-08-2017 Deposited the cash in the bank 49,50,000
04-08-2017 Loan taken from Bank 15,00,000
10-08-2017 Purchased premises for business operations and
paid by cheque 55,00,000
11-08-2017 Purchased furniture and fixtures by cheque 50,000
11-08-2017 Bought Equipment's and paid by cheque 2,50,000
12-08-2017 Placed order and received supplies (paid cash) 32,820
12-08-2017 Placed an order for the merchandise 2,73,500
13-08-2017 Received Merchandise inventory and paid in
cash 2,73,500
15-08-2017 Inauguration / launch expenses (paid in cash) 30,250
16-08-2017 Taken annual insurance cover for business (paid
by cheque) 1,09,400
16-08-2017 Printed brochures / flyers (cash payment) 27,350
16-08-2017 Paid annual subscription for monthly/ trade
magazines (cash) 12,000
18-08-2017 Bought Merchandise Inventory on credit 8,20,500
30-08-2017 Cash sales for the month 4,92,300
30-08-2017 Credit sales for the month 54,700
31-08-2017 Paid electricity bill in cash 10,940
31-08-2017 Paid salary to employees in cash 82,050
31-08-2017 Paid telephone charges in cash 5,470
31-08-2017 Paid property taxes by cheque 5,500
31-08-2017 Paid interest on loan taken by cheque 12,000
31-08-2017 Paid dividends by cheque 27,500

Dr.CA. Mahalakshmi Mudliar

BITS Pilani
Experiential Learning Component 15.09.2017
ZC415

Mithaiwala
Date of the List of Transactions
transaction Amount (₹)
01-08-2017 Setup the business with capital brought in by the
owner in cash 15,00,000
02-08-2017 Deposited the cash in the bank 10,50,000
05-08-2017 Money lent to the business by a cousin 1,50,000
10-08-2017 Paid rent in advance for the first quarter by cheque 2,40,000
11-08-2017 Purchased furniture and fixtures by cheque 45,000
11-08-2017 Bought Equipment's and paid by cheque 2,25,000
12-08-2017 Placed order and received supplies (paid cash) 11,704
12-08-2017 Placed an order for the merchandise 97,533
13-08-2017 Received Merchandise inventory and paid in cash 97,533
15-08-2017 Inauguration / launch expenses (paid in cash) 82,500
16-08-2017 Taken annual insurance cover for business (paid by
cheque) 39,010
16-08-2017 Printed brochures / flyers (cash payment) 9,750
18-08-2017 Bought Merchandise Inventory on credit 19,507
30-08-2017 Cash sales for the month 1,75,560
30-08-2017 Credit sales for the month 19,507
30-08-2017 Money withdrawn from the business (Drawings) 75,000
31-08-2017 Paid electricity bill in cash 3,901
31-08-2017 Paid salary to employees in cash 19,507
31-08-2017 Paid telephone charges in cash 1,951
31-08-2017 Paid interest on loan taken by cheque 1,000

Dr.CA. Mahalakshmi Mudliar

BITS Pilani