S.no.

Nature of Transaction Amount

1 Introduced capital into the business 100,000
2 Purchased Goods for Cash 25,000
3 Purchased Goods on credit from Mr. Y 15,000
4 Purchased Land 60,000
5 Purchased machinery 15,000
6 Purchased Computers on Credit from Intel Computers 25,000
7 Cash sales 80,000
8 Sold goods to Mr. Z on credit 35,000
9 Withdrawn Cash from business for personal use 2,000
10 Paid Salaries 3,500
11 Purchased Printing & Staionary 5,000
12 Purchased Furniture for Properitor's Residence 8,000
Financial Statment
Company's Act 2013
Balance Sheet
P&L Profit & Loss Statement
Cash Flow
Shareholder Equity
Financial Year
Company's Act 1956 - Period of 12 month or 15 month
Company's Act 2013
Apr-1 to Mar-31
h or 15 month
Debit Cash 100000 1
Credit Capital 100000 2

Debit Purchases 25000 3

Credit Cash 25000

Debit Purchase 15000

Credit Mr. Y 15000 4

Debit Land 60000 5

Credit Cash/Bank/Creditor 60000

Debit Machinery 15000 6

Credit Cash 15000

Debit Computers 25000 7

Credit Intel Computer 25000 8

Debit Cash 80000

Credit Sales 80000 9

Debit Mr. Z 35000 10

Credit Sales 35000

Debit Drawings 2000

Credit Cash 2000

Debit Salaries 3500 11

Credit cash 3500

debit Print & Stationary 5000 12

credit Cash 5000
 CASH
Debit Particulars Amount Particulars Amount Credit
CAPITAL 100000 PURCHASES 25000
SALES 80000 LAND 60000
MACHINERY 15000
DRAWINGS 2000
SALARIES 3500
PRINT & STATIONARY 5000
Closing Cash Balance 69500
180000 180000

Purchases
Debit Particulars Amount Particulars Amount Credit
Cash 25000
Y 15000
By Profit & Loss A/c 40000
40000 40000

Sales
Debit Particulars Amount Particulars Amount Credit

Machinery
Debit Particulars Amount Particulars Amount Credit

Computers
Debit Particulars Amount Particulars Amount Credit
Intel Computers 25000 Bal C/d 25000

Intel Computers
Debit Particulars Amount Particulars Amount Credit
Bal c/d 25000 Computers 25000

Mr. Z
Debit Particulars Amount Particulars Amount Credit
Sales 35000 Bal C/d 35000

Mr. Y
Debit Particulars Amount Particulars Amount Credit
bal c/d 15000 Purchases 15000
 Drawings
Debit Particulars Amount Particulars Amount Credit
cash 2000 capital 2000

Capital
Debit Particulars Amount Particulars Amount Credit
Drawings 2000 cash 100000
bal c/d 98000
Asset & Liability carry forwarded to next year
Income & Expense carry forwarded to Profit & Loss Statement
 Particulars Increase Decrease
L Liability CR DR
Asset DR CR
I Income CR DR
Expense DR CR
C Capital CR DR