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Ledger_Summary_Corrected

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5 views

Ledger_Summary_Corrected

Uploaded by

ranglaniansh82
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Ledger Accounts for Business Transactions

Ledger Accounts

Cash Account

Date | Particulars | Debit (Rs.) | Credit (Rs.) | Balance (Rs.)

--------------------------------------------------------------------------------

Owner's Capital | 10,00,000 | 0 | 10,00,000

Furniture Purchase | 0 | 1,50,000 | 8,50,000

Equipment Purchase (50% Cash) | 0 | 1,50,000 | 7,00,000

Employee Salaries | 0 | 2,00,000 | 5,00,000

Advance Rent | 0 | 1,20,000 | 3,80,000

Goods Sold (Cash) | 1,00,000 | 0 | 4,80,000

Delivery Vehicle Purchase | 0 | 3,00,000 | 1,80,000

Raw Material Purchase (Cash) | 0 | 2,00,000 | -20,000

Service Income (Cash) | 2,00,000 | 0 | 1,80,000

GST Payment | 0 | 75,000 | 1,05,000

Dividend to Owner | 0 | 1,00,000 | 5,000

Fixed Deposit | 0 | 3,00,000 | -2,95,000

Customer Refund | 0 | 20,000 | -3,15,000

Joining Bonus to Employees | 0 | 3,00,000 | -6,15,000

Business Travel | 0 | 1,00,000 | -7,15,000

Bank Account

Date | Particulars | Debit (Rs.) | Credit (Rs.) | Balance (Rs.)

--------------------------------------------------------------------------------
Ledger Accounts for Business Transactions

Office Space Purchase | 0 | 5,00,000 | -5,00,000

Advertising Expense | 0 | 50,000 | -5,50,000

Customer Receivable Collected | 1,00,000 | 0 | -4,50,000

Utility Expenses | 0 | 25,000 | -4,75,000

Insurance Premium | 0 | 40,000 | -5,15,000

Capital Account

Date | Particulars | Debit (Rs.) | Credit (Rs.) | Balance (Rs.)

--------------------------------------------------------------------------------

Owner's Contribution | 0 | 10,00,000 | 10,00,000

Sales Account

Date | Particulars | Debit (Rs.) | Credit (Rs.) | Balance (Rs.)

--------------------------------------------------------------------------------

Goods Sold | 0 | 2,50,000 | 2,50,000

Accounts Receivable

Date | Particulars | Debit (Rs.) | Credit (Rs.) | Balance (Rs.)

--------------------------------------------------------------------------------

Credit Sales | 1,50,000 | 0 | 1,50,000

Collection from Customers | 0 | 1,00,000 | 50,000

Accounts Payable
Ledger Accounts for Business Transactions

Date | Particulars | Debit (Rs.) | Credit (Rs.) | Balance (Rs.)

--------------------------------------------------------------------------------

Raw Material Purchase | 0 | 1,00,000 | 1,00,000

Payment to Vendor A | 50,000 | 0 | 50,000

Loan Account

Date | Particulars | Debit (Rs.) | Credit (Rs.) | Balance (Rs.)

--------------------------------------------------------------------------------

Loan for Vehicle Purchase | 0 | 5,00,000 | 5,00,000

Loan Principal Payment | 1,00,000 | 0 | 4,00,000

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