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Assignment-6

The document outlines financial transactions for Mr. Neeraj Shah's business from April 1 to April 30, 2021, including cash investments, bank deposits, purchases, employee salaries, and sales on credit. It details various expenses and transactions, culminating in a balance sheet showing a total balance of Rs. 2,776,900 and a net profit of Rs. 346,900. The document serves as a comprehensive record of the business's financial activities during the month.

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15 views

Assignment-6

The document outlines financial transactions for Mr. Neeraj Shah's business from April 1 to April 30, 2021, including cash investments, bank deposits, purchases, employee salaries, and sales on credit. It details various expenses and transactions, culminating in a balance sheet showing a total balance of Rs. 2,776,900 and a net profit of Rs. 346,900. The document serves as a comprehensive record of the business's financial activities during the month.

Uploaded by

sj7634567
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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S.

NO
DATE TRANSACTION

1 1/4/2021 MR. NEERAJ SHAH STARTED A BUSINESS WITH


CASH RS. 18,00,000
2 5/4/2021 MR.NEERAJ DEPOSIT CASH OF RS. 16,00,000
INTO SBI BANK
3 7/4/2021 MR. NEERAJ PURCHASE FURNITURE RS. 25,000
FROM INDIA ELECTRONIC AND 12,000 PAID IN
CASH.
4 10/4/2021 MR. NEERAJ ISSUED A CHEQUE RS. 25,000 TO
YADAV PROPERTIES TOWARDS SECURITY FOR
RENTED OFFICE. RENT STARTED FROM APRIL.
5 10/4/209 MR. SHAH PURCHASE MOBILE PHONE RS.
5,000 AND COMPUTER RS. 15,000 IN CASH
WITHOUT GST.
6 12/4/2021 MR. SHAH APPOINTED FOLLOWING
EMPLOYEES.
NAME DESIGNATION SALARY
MAMTA SALES EXECUTIVE RS. 13,000
RAJESH SALES MEN RS. 15,000
VIKAS CLERK RS. 10,000
NIDHI ACCOUNTANT RS. 17,000
7 15/4/2021 MR. NEERAJ PURCHASE STATIONERY RS. 2500
8 18/4/2021 CASH TRANSFERRED INTO PETTY CASH RS.10.000
9 20/4/2021 MR. SHAH ISSUED A CHEQUE RAJ BALA OF RS.
5,000 TOWARDS RENT OF GODOWN FOR THE
MONTH OF MAY.
10 25/4/2021 MR. NEERAJ WITHDREW CASH RS. 5,000 FOR
PERSONAL USE.
11 27/4/2021 MR. SHAH PURCHASE FOLLOWINGS ITEMS
FROM NISHI TARADING COMPANY REGISTER
(07AAAPN1254A1Z1) ON CREDIT. STOCKS ARE
PLACED IN RAJOURI GODOWN.
ITEMS QTY HSN RATE GST
AC 10 24000
FAN 25 800
TABLE 20 1200
BATTER 10 20000
Y
12 28/4/2021 MR. NEERAJ PURCHASE FOLLOWINGS ITEMS
FROM MK TARADING COMPANY REGISTER
(08AXDPR2056L1ZU) ON CREDIT. STOCKS ARE
PLACED IN RAJOURI GODOWN.
ITEMS QTY HSN RATE GST
UPS 10 4000
I0NVERTO 15 4000
R
CCTV 10 2400
LPG 10 1400
STOVES
13 29/4/2021 PETTY CASHIER SUBMITTED THE EXPENSES
STATEMENT FOR THE MONTH OF APRIL
 TELEPHONE EXPENSES OF RS. 600
 ELECTRICITY EXPENSES OF RS. 1500
 CONVEYANCE EXPENSES OF RS. 1000
 OFFICE EXPENSES OF RS. 2500
14 29/4/2021 MR. SHAH SOLD FOLLOWINGS ITEMS TO RAM
TARADING COMPANY REGISTER HARYANA
(06AAAPN1254A1Z1) ON CREDIT.
ITEMS QTY HSN RATE GST
AC+ 10 50000

FAN 25 2000
TABLE 20 3000
BATTERY 10 5000
15 30/4/2021 MR. NEERAJ SOLD FOLLOWINGS ITEMS TO SK
TARADING COMPANY REGISTER
(07AXDPR2056L1ZU) ON CREDIT.
ITEMS QTY HSN RATE GST
UPS 10 10000
INVERTO 15 12000
R
CCTV 10 6000
LPG 10 3200
STOVES
16 30/4/2021 MR. SHAH PAID RS. 55,000 TOWARDS SALARY
FANOF APRIL BUT BEFORE PAYMENT TO BOOK
JOURNAL ENTRY OF SALARY O/S EMPLOYEE-
WISE
NAME DESIGNATION SALARY
MAMTA SALES EXECUTIVE RS. 13,000
RAJESH SALES MEN RS. 15,000
VIKAS CLERK RS. 10,000
NIDHI ACCOUNTANT RS. 17,000
25

Balance Sheet 2776900

Profit and loss Net profit - 346900

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