1. Mr. Ram starts business with Rs. 200000/- and
deposited into bank Rs. 40,000.
2. Paid for office building Rs. 50000/ and
furniture for Rs. 10000/-
3. Purchase raw material of Rs. 10000 on credit
from Mr. Avinash.
4. Paid Wages Rs. 2000
5. Paid salary Rs. 10000
6. Return money to Mr. Avinash in settlement of
Rs. 9500.
7. Sold goods to Mr. Shekar Rs. 15000/-
8. Received interest on bank amount Rs. 500.
9. Received from Mr. Shekar after discount of
Rs. 500.
10. Sold old news paper Rs. 450/-
11. Sold old furniture Rs. 4000/-
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Ledger
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Group
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Mr. Ram a/c
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Capital a/c
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Bank a/c
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Bank a/c
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Furniture a/c
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Fixed assets
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Building a/c
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Fixed assets
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Purchase a/c
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Purchase a/c
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Mr. Avinash a/c
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Sundry creditor
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Wages a/c
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Direct expenses
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Salary a/c
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Indirect expenses
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Discount a/c
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Indirect expenses
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Sales a/c
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Sales a/c
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Mr. Shekar
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Sundry debtor
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Interest a/c
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Indirect expenses
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Old newspapers
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Indirect income
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