1. Salary Paid  To Staff For March Month             3,000.00

Dr. Salary A/c            3,000.00

Cr. Cash          3,000.00

2. Municipal Tax Paid Cash           800.00

Dr. Municipal Tax A/c           800.00

Cr. Cash              800.00

3. Commission Received          200.00

Dr. Cash             200.00

Cr. Commission Received A/c         200.00

4. Deduction For Furniture 10% And It Cost Wa       10,000.00

Dr. Depreciation on Furniture A/c           10,000.00

Cr. Cash          10,000.00

5. Start Business With Cash           1,00,000.00

Dr. Cash         1,00,000.00

Cr. Capital A/c           1,00,000.00

6. Deposit With Bank            60,000.00

Dr. Bank A/c              60,000.00

Cr. Cash             60,000.00

7. Purchase Goods         40,000.00

Dr. Purchase A/c        40,000.00

Cr. Cash               40,000.00

8. Sales Goods To Ram Lal        50,000.00

Dr. Ram Lal A/c          50,000.00                       

Cr. Sales A/c          50,000.00

9. Sale Goods To Mahesh          20,000.00

Dr. Mahesh A/c         20,000.00

Cr. Sales A/c           20,000.00

10. Purchase Goods  From Rajesh                     80,000.00

Dr. Purchase A/c          80,000.00

Cr. Rajeash A/c             80,000.00

11. Return Goods To Rajesh           30,000.00

Dr. Rajesh A/c              30,000.00

Cr. Purchase return A/c           30,000.00

12. Mahesh Return Goods          4,000.00

Dr. Sales return A/c        4,000.00

Cr. Mahesh A/c         4,000.00

13. Received From Mahesh       7,000.00

      Discount Paid        800.00

      Dr. Cash         7,000.00

      Cr. Mahesh A/c           7,800.00

      Dr. Discount Allowed A/c          800.00

14. Drew From Bank For Personal Use         20,000.00

Dr. Drawings A/c       20,000.00

Cr. Bank A/c           20,000.00

15. Drew From Bank For Office Use            9,000.00

Dr. Cash A/c          9,000.00

Cr. Bank A/c           9,000.00

16. Paid Telephone Rent For 1 Year            8,000.00

Dr. Rent Paid A/c        8,000.00

Cr. Cash          8,000.00

17. Received Loan From Rajan For Business        18,000.00

Dr. Cash       18,000.00

Cr. Rajan's Loan A/c          18,000.00

18. Received From Ram Lal      4,400.00

Dr. Cash           4,400.00

Cr. Ram Lal A/c        4,400.00

19. Insure Goods Loss By Friend Insurance Company Accept Claim        40,000.00

Dr Loss By Fire A/c     40,000.00

Cr Purchase A/c       40,000.00

Dr. Insurance Company A/c         38,000.00

Cr. Loss By Fire A/c        38,000.00

20. Received From Insurance Company               38,000.00

Dr. Bank A/c         38,000.00

Cr. Insurance Company A/c        38,000.00

Adjustment Entries

Dr. P & L A/c          2,000.00

Cr Loss By Fire A/c          2,000.00

21. Paid For Stationery         4,000.00

Dr. Stationary A/c                 4,000.00

Cr. Cash             4,000.00

22. Rent Paid         2,000.00

Dr. Rent paid A/c            2,000.00

Cr. Cash            2,000.00