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

[F5] Dr. Salary A/c            3,000.00 (Expenses Indirect)

       Cr. Cash          3,000.00

2. Municipal Tax Paid Cash           800.00

[F5] Dr. Municipal Tax A/c           800.00 (Expenses Indirect)

       Cr. Cash              800.00

3. Commission Received          200.00

[F6] Dr. Cash             200.00

       Cr. Commission Received A/c         200.00 (Income Indirect)

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

[F7] Dr. Depreciation on Furniture A/c           10,000.00 (Expenses Indirect)

       Cr. Cash                                                 10,000.00

5. Start Business With Cash           1,00,000.00

[F6] Dr. Cash                    1,00,000.00

       Cr. Capital A/c           1,00,000.00 (Capital)

6. Deposit With Bank            60,000.00

[F4] Dr. Bank A/c              60,000.00 (Bank)

       Cr. Cash             60,000.00

7. Purchase Goods         40,000.00

[F9] Dr. Purchase A/c        40,000.00 (Purchase)

       Cr. Cash                    40,000.00

8. Sales Goods To Ram Lal        50,000.00

[F8] Dr. Ram Lal A/c          50,000.00 (Sundary Debtor)                       

       Cr. Sales A/c          50,000.00 (Sales)

9. Sale Goods To Mahesh          20,000.00

[F8] Dr. Mahesh A/c         20,000.00 (Sundary Debtor)

       Cr. Sales A/c           20,000.00 (Sales)

10. Purchase Goods  From Rajesh                     80,000.00

[F9] Dr. Purchase A/c          80,000.00(Purchase)

       Cr. Rajeash A/c             80,000.00(Sandary Creditor)

11. Return Goods To Rajesh           30,000.00

[F7] Dr. Rajesh A/c              30,000.00 (Sundary Debtor)

       Cr. Purchase return A/c           30,000.00 (Purchase)

12. Mahesh Return Goods          4,000.00

[F7] Dr. Sales return A/c        4,000.00 (Sales)

       Cr. Mahesh A/c         4,000.00(Sundary Debtor)

13. Received From Mahesh       7,000.00

      Discount Allowe       800.00

      [F6] Dr. Cash                                  7,000.00

             Cr. Mahesh A/c                       7,800.00(Sundary Debtor)

             Dr. Discount Allowed A/c          800.00(Expenses Indirect)

14. Drew From Bank For Personal Use         20,000.00

[F5] Dr. Drawings A/c       20,000.00(Capital)

       Cr. Bank A/c           20,000.00(Bank)

15. Drew From Bank For Office Use            9,000.00

[F4] Dr. Cash A/c          9,000.00

       Cr. Bank A/c           9,000.00(Bank)

16. Paid Telephone Rent For 1 Year            8,000.00

[F5] Dr.Telephone Rent Paid A/c        8,000.00(Expenses Indirect)

        Cr. Cash          8,000.00

17. Received Loan From Rajan For Business        18,000.00

[F6] Dr. Cash       18,000.00

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

18. Received From Ram Lal      4,400.00

[F6] Dr. Cash           4,400.00

       Cr. Ram Lal A/c        4,400.00(Sundary Debtor)

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

[F7] Dr Loss By Fire A/c     40,000.00 (Expenses Direct)

       Cr Purchase A/c       40,000.00 (Purchase)

[F7] Dr. Insurance Company A/c         38,000.00((Income Indirect)

       Cr. Loss By Fire A/c        38,000.00 (Expenses Direct)

20. Received From Insurance Company               38,000.00

[F6] Dr. Bank A/c         38,000.00(Bank)

       Cr. Insurance Company A/c        38,000.00(Income Indirect)

Adjustment Entries

[F7] Dr. P & L A/c          2,000.00 

       Cr Loss By Fire A/c          2,000.00(Expenses Direct)

21. Paid For Stationery         4,000.00

[F5] Dr. Stationary A/c                 4,000.00(Expense Indirect)

       Cr. Cash             4,000.00

22. Rent Paid         2,000.00

[F5] Dr. Rent paid A/c            2,000.00(Expenses Indirect)

       Cr. Cash            2,000.00

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