Particulars
|
Debit
|
Particulars
|
Credit
|
Opening Stock
|
15000
|
Capital Account
|
|
Purchases
|
45700
|
Ajay
|
40000
|
Wages
|
9900
|
Vijay
|
25000
|
Investments
|
3500
|
Bills Payable
|
6000
|
Carriage Outward
|
4600
|
Outstanding Salaries
|
1700
|
Printing and Stationery
|
3400
|
Sales
|
79800
|
Insurance
|
750
|
creditors
|
2000
|
salaries
|
10000
|
Bank Overdraft
|
3000
|
Postage and Telegram
|
700
|
|
|
Machinery
|
16800
|
|
|
Furniture
|
6400
|
|
|
Debtors
|
25000
|
|
|
Bills Receivable
|
4000
|
|
|
Cash at Bank
|
6000
|
|
|
Advertisement
|
1000
|
|
|
Bad debts
|
250
|
|
|
Carriage Inward
|
4500
|
|
|
Particulars
|
Debit
|
Particulars
|
Credit
|
Patents
|
12000
|
Capital
|
|
Goodwill
|
25000
|
Radhika
|
180000
|
Plant and Machinery
|
85000
|
Sarika
|
120000
|
Carriage
|
6000
|
Bank Loan
|
30000
|
General Expenses
|
10000
|
Sundry Creditors
|
18000
|
Electricity and Lighting
|
5000
|
Discount
|
5000
|
Bills Receivable
|
5000
|
commission
|
6000
|
Sundry Debtors
|
65000
|
general reserve
|
15000
|
Trade Expenses
|
3000
|
Reserve for Bad and Doubtful debts
|
7500
|
Advertisement
|
1250
|
Reserve for Discount of Debtors
|
2500
|
Furniture
|
10750
|
Outstanding Rent
|
4200
|
Wages
|
12000
|
Sales
|
150000
|
Salaries
|
7500
|
Returns
|
1550
|
Purchases
|
97500
|
Bills Payable
|
6000
|
Stock
|
68000
|
|
|
Cash in Hand
|
32000
|
|
|
Discount
|
3500
|
|
|
Land and Building
|
90000
|
|
|
Printing and Stationery
|
6000
|
|
|
Interest on Bank Loan
|
1250
|
|
|
Particulars
|
Debit (Rs.)
|
Credit (Rs.)
|
Tom’s
Capital
Jerry’s
capital
Tom’s
Drawing
Jerry’s
Drawing
Stock
on 1 – 1 – 2004
Bills
Receivable
Purchases
Sales
Bills
Payable
Return
In ward
Return
Outward
Plant
and Machinery
Loose
Tools
Patents
Sundry
Debtors
Sundry
Creditors
Cash
at Bank
Wages
Salaries
Rent
and Taxes
Insurance
Printing
and Stationery
Power
and Fuel
|
14,
500
10,
000
2,
00, 000
25,
000
2,
75, 000
5,
000
1,
00, 000
25,
000
25,
000
1,
25, 000
77,
550
19,
000
17,
500
7,
500
3,
000
2,
000
3,
500
|
2,
80, 000
50,
000
4,
00, 000
60,
000
4,
500
1,
40, 050
|
Particulars
|
Debit (Rs.)
|
Credit (Rs.)
|
Stock
(1st January)
Sundry
Debtors
Bills
payable
Purchases
Wages
Returns
Outward
Salaries
Office
Expenses
Insurance
Plant
& Machinery
Sundry
Creditors
Rent
Sales
Reserve
for Doubtful Debts
Travelling
Expenses
Returns
Inward
Land
and Building
Bills
Receivable
Bank
Dolu’s
capital
Bolu’s
capital
|
10,
000
25,
000
40,
000
8,
500
2,
700
2,
446
1,
300
30,
000
1,
800
1,
400
3,
500
44,
800
3, 400
6,
655
|
10,
101
2,
500
21,
500
57,
000
400
60,
000
30,
000
|
Particulars
|
Debit (Rs.)
|
Credit (Rs.)
|
Capitals:
Arya
Vikram
Drawings:
Arya
Vikram
Buildings
Plant
and Machinery
Cash
at bank
Purchases
and Sales
Returns
Carriage
Opening
stock
Wages
Debtors
& Creditors
Salaries
Rent
and Insurances
Postage
and Telegrams
Bad
Debts
Discounts
Reserve
for Bad Debts
Outstanding
Salaries
Trade
Expenses
|
500
200
20,
000
6,
000
600
47,
500
1,
500
350
11,
000
6,
000
17,
600
2,
500
400
200
250
100
300
|
12,
000
13,
000
75,
500
1,
000
12,
600
50
750
100
|
Particulars(Debit)
|
Amount
|
Particulars(Credit)
|
Amount
|
Stock (1-4-1995)
Purchases
Returns Inwards
Carriage
Motive Power
Wages
Trade Expenses
Sundry Debtors
Salaries
Insurance
Postage
Commission
Plant & Machinery
Furniture
Advertising
Office Rent (10 months)
Drawings
Sharukh
Salman
Building
Cash in Hand
|
50000
170000
10000
4000
6000
56000
4000
72000
38000
2400
3600
5000
60000
16000
8000
10000
14000
6000
24000
3000
|
Capital A/c
Sharukh
Salman
Sales
Creditors
Commission
Bank Loan
|
80000
80000
326000
40000
4000
32000
|