Problem 1

Company Name: Rajini Traders

Country: India
State: Karnataka
Financial year: 1.4.2015

Rajini start a business with Rs.5, 00,000

Deposited into bank Rs.3, 00,000
Purchased furniture for cash Rs.50,000
Cash purchase of goods Rs.30,000
Purchased following goods from Mani Traders on credit

Product Qty Rate

Acc Cement 500 bags 400
Ultra tech Cement 500 bags 200
Dalmia Cement 500 bags 250
Purchased stationery Rs.1,000
Purchased following goods from Sam Traders on credit

Product Qty Rate

Acc Cement 250 bags 400
Ultra tech Cement 250 bags 200
Dalmia Cement 250 bags 250
Sold goods on credit to Arun Enterprises

Product Qty Rate

Acc Cement 100 bags 600
Cash sales Rs.8,000
Paid to Sam Traders on account Rs.4, 00,000 by cheque (Ch. no:100001)
Purchased computer for office use and paid by cheque Rs.30,000
Paid insurance premium Rs.1,500
Sold goods for cash Rs.5,000
Withdrew cash from bank Rs.70,000
Withdrew cash for personal use Rs.10,000
Sold following goods to Aravind Traders by cash

Product Qty Rate

Dalmia Cement 100 bags 350
Sold following goods to Arun Traders for credit

Product Qty Rate

Ultra tech Cement 100 bags 400
Paid to Sam Traders on account 20000 by cash
Cash sales Rs.17,000
Sold following goods to Arun Enterprises for credit

Product Qty Rate

Acc Cement 100 bags 600
Dalmia Cement 100 bags 400
Received from Arun Enterprises on account Rs.50000
Paid to Mani Traders on account Rs. 300000 by cheque (Ch. No:100002)
Received from Arun Enterprises on account Rs.20000 by cash
Amount obtained loan from SBI Bank Rs.50,000
Cash sales Rs.13,500
Paid salary Rs.7,500
Rent Rs.5,000
Fully settled to Mani traders by cash
Amount received from Aravind Traders Rs.35000 by cash
Problem 2
Company Name: Kannan Stationaries
Country: India
State: Tamilnadu
Financial year: 1.4.2020

Start a business with Rs.15,00,000

Purchase furniture’s Rs.1,00,000
Introduced with Land and Building Rs.250000, computer Rs.25000
Open a current account in Axis bank with Rs.50000
Purchase following goods from Nataraj & co for Credit Bill No: PU/65412 with GST 12%
Product Qty Rate
Pencil 500 box 40
Eraser 500 box 20
Sharpens 500 pouch 50
Purchase following goods from Anand & co for Credit Bill No: PU/12545 with GST 12%
Product Qty Rate
Chart Files 100 nos 80
Box Files 100 nos 150
Folder Files 100 nos 50
Purchase following goods from Nataraj & co for Credit Bill No: PU/65413 with GST 12%
Product Qty Rate
Nataraj Color Pencil 100 nos 80
Nataraj Color Sketch 100 nos 150
Nataraj Geometry box 100 nos 50
Purchase following goods from Camel & co for Credit Bill No: PU/262455 with GST 12%
Product Qty Rate
Long size scale 100 nos 30
Small Scale 100 nos 10
Wooden Scale 100 nos 60
Sold following goods to Ravi Traders for Credit Bill No: KS/20/01 with GST 12%
Product Qty Rat
e
Long size scale 10 nos 50
Small Scale 10 nos 20
Nataraj Color Pencil 10 nos 120
Chart Files 10 nos 130

Sold following goods to Ram Traders for Cash Bill No: KS/20/02 with GST 12%
Product Qty Rate
Nataraj Color Pencil 100 nos 90
Nataraj Color Sketch 100 nos 160
Nataraj Geometry box 100 nos 60
Long size scale 100 nos 55
Sold following goods to Dinesh for Cash Bill No: KS/20/03 with GST 12%
Product Qty Rate
Pencil 10 box 50
Eraser 10 box 25
Sharpens 10 pouch 60
Long size scale 10 nos 35
Return following goods to Nataraj & co Bill No: PU/65413 with GST 12%
Product Qty Rate
Nataraj Color Pencil 10 nos 80
Nataraj Color Sketch 10 nos 150
Nataraj Geometry box 10 nos 50
Return following goods to Camel & co Bill No: PU/262455 with GST 12%
Product Qty Rate
Long size scale 20 nos 30
Small Scale 10 nos 10
Wooden Scale 20 nos 60
Return following goods from Ravi Traders Bill No: KS/20/01 with GST 12%
Product Qty Rate
Small Scale 10 nos 20
Chart Files 10 nos 130
Return following goods from Ram Traders for Cash Bill No: KS/20/02 with GST 12%
Product Qty Rate
Nataraj Color Pencil 10 nos 90
Long size scale 10 nos 55
Paid to Nataraj & Co Rs.10000 by cash Bill No: PU/65412
Paid to camel & Co Rs.50,000 by Cheque Bill No: PU/262455
Received Cash from Ravi traders Rs.50000 Bill No: KS/20/01
Fully settled by Ram Traders by cheque (ch. No:251251)
Received commission by cash Rs.1500
Problem No: 3
Company Name: Silver Furnishers
Country: India
State: Tamilnadu
Financial Year: 2010
Start a business with Rs.15,00,000
Cash deposited into bank Rs.50000
Salary Paid Rs.20000 for accountant by Fund Transfer
Purchased from Sharan furniture for credit Bill no: 25102
Products Qty Rate
Chairs 5 nos Rs. 500
Tables 5 nos Rs. 3500
Showcase 1 nos Rs. 4,000
Less: 10% Discount
Purchased from Maharaja Furniture for credit bill no: 25121
Products Qty Rate
Dining Sets 5 nos Rs. 8500
Double Beds 3 nos Rs. 6000
Dressing Tables 2 nos Rs. 2,000
Writing Tables 4 nos Rs.3200
Purchased from Raja furniture’s for credit bill no: 25154
Products Qty Rate
Folding Chairs 10 nos Rs. 400
Desks 20 nos Rs. 2500
Beds 15 nos Rs. 3,600
Computer Tables 10 nos Rs. 4000
Tables 25 nos Rs. 3000
Less: 10% Discount
Sold following goods to Ganesh for cash Billno: SF/01/10
Products Qty Rate
Chairs 1 nos Rs. 800
Tables 1 nos Rs. 4500
Dining Sets 1 nos Rs. 12000
Computer Tables 1 nos Rs. 8000
Beds 1 nos Rs. 7,600
Sold following goods to Rajesh for cash Billno: SF/02/10
Products Qty Rate
Chairs 1 nos Rs. 800
Folding Chairs 1 nos Rs. 800
Dining Sets 1 nos Rs. 12000
Desks 2 nos Rs. 5000
Beds 1 nos Rs. 7,600
Sold following goods to Kannan for credit Bill no: SF/03/10
Products Qty Rate
Showcase 1 nos Rs. 6,000
Writing Tables 4 nos Rs. 6,200
Return following goods from Kannan Bill no: SF/03/10
Products Qty Rate
Showcase 1 nos Rs. 6,000
Writing Tables 1 nos Rs. 6,200
Return following goods to Sharan furniture Bill no: 25102
Products Qty Rate
Chairs 1 nos Rs. 500
Tables 1 nos Rs. 3500
Showcase 1 nos Rs. 4,000
Paid cash to Sharan Furniture Rs.20000
Return following goods to Maharaja Furniture bill no: 25121
Products Qty Rate
Dining Sets 1 nos Rs. 8500
Writing Tables 1 nos Rs.3200
Return following goods to Raja furniture’s bill no: 25154
Products Qty Rate
Folding Chairs 1 nos Rs. 400
Computer Tables 1 nos Rs. 4000
Tables 2 nos Rs. 3000
Paid Cheque to maharaja furniture Rs.25000 bill no: 25121(Ch no.251214)
Paid cash to Raja furniture for Rs.10000 bill no: 25154
Ch. No.251214 has been returned from maharaja furniture (insufficient fund)
Bank charges Rs.250
Paid to maharaja furniture Rs.25000 bill no: 25121 by Fund Transfer
Received interest from bank Rs.5000
Took loan from bank for Rs.150000 by cheque and paid first month interest to the
bank by cash
Cash withdrew from Rs.1500
Purchase water can for Office use Rs.2500
Paid cash Tea expenses Rs.250
Travelling and food expenses paid to 2 staff for went to bank for office purpose
Rs.500
Received commission Rs.1500
Paid rent Rs.5000 by cheque (cheque no: 251215)
Paid labor charges for A/c Repair Rs.250
Problem No: 4
Company Name: Naveen Computers
Country: India
State: Tamilnadu
Financial Year: 2010

Start a business with Rs.500000

Cash Deposited into bank Rs.50000
Purchase following goods from SanDisk for credit Bill no: PU/101
Product Qty Rate
8GB Pendrive 20 nos 450
16GB Pendrive 20 nos 750
32GB Pendrive 20 nos 850
Purchase following goods from Intel for credit Bill no: PU/201
Product Qty Rate
Intel core Processer 20 nos 2500
Intel core Pentium 20 nos 3500
Intel core Graphic card 20 nos 2650
Purchase following goods from Dell Computers for credit Bill no: PU/501
Product Qty Rate
Dell Computer 20 nos 25000
Dell Monitor 20 nos 6000
Dell Laptop 20 nos 35000
Paid travelling expenses Rs.500
Paid Petrol Expenses Rs.200
Paid Salary Rs.15000
Sold following goods to Ram Computer for cash Bill no: NC/01/10
Product Qty Rate
Dell Computer 5 nos 30000
Dell Monitor 5 nos 8000
Dell Laptop 5 nos 40000
8GB Pendrive 2 nos 650
16GB Pendrive 2 nos 900
Intel core Pentium 2 nos 5500
Intel core Graphic card 2 nos 5650
Sold following goods to Micro Computer for Credit Bill no: NC/02/10
Product Qty Rate
Dell Computer 5 nos 30000
Dell Laptop 5 nos 40000
16GB Pendrive 2 nos 900
Paid wages Rs.750
Paid carriage inward Rs.250
Sold following goods to Ajay for Credit Bill no: NC/03/10
Product Qty Rate
Dell Computer 1 nos 30000
Dell Laptop 1 nos 40000
16GB Pendrive 1 nos 900

Sold following goods to Devan for Cash Bill no: NC/04/10

Product Qty Rate
Dell Laptop 5 nos 40000
8GB Pendrive 2 nos 650
16GB Pendrive 2 nos 900
Sold following goods to Guna Traders for cash Bill no: NC/05/10
Product Qty Rate
8GB Pendrive 2 nos 650
Intel core Pentium 2 nos 5500
Dell Computer 2 nos 30000
Cash paid to Dell computer Rs.50000 Bill no: PU/501
Cheque paid to SanDisk computer Rs.20000 Bill no: PU/101
50% of paid to Intel by cash Bill no: PU/201
Cash withdrew from bank Rs.2000
Cash withdrew by atm for Personal use Rs.5000
Received cheque from Ram computers Rs.10000 Bill no: NC/01/10
Received cash from Micro Computer Rs.200000 Bill no: NC/02/10
Fully settled by ajay by cash