[DOCUMENT TITLE]
[Document subtitle]
[DATE]
[COMPANY NAME]
[Company address]
JOURNAL ENTRIES
DATE JOURNAL
2024 Started business with cash Rs. 50,00,000.
MARCH 1
MARCH 2 Cash deposited into bank Rs. 30,00,000.
MARCH 3 Goods purchased for cash Rs 8,00,000 @25% trade
discount plus CGST and SGST @9% each.
MARCH 4 Machinery purchased for cash Rs. 5,50,000 and
installation expenses paid Rs 50,000.
MARCH 5 Computer purchased by cheque Rs. 50,000.
MARCH 6 Goods sold for cash Rs. 6,00,000 plus CGST and SGST
@9% each.
MARCH 7 Carriage paid Rs. 18,000.
MARCH 10 Goods purchased from Dinesh & Company Rs 12,50,000
at 20% trade discount.
MARCH 12 Goods sold to Mahish & sons Rs. 20,00,000 at 40%
trade discount.
MARCH 13 Investment purchased by cheque Rs. 2,00,000
MARCH 15 Amount paid to Dinesh & company by Cheque
Rs. 1,50,000.
MARCH 16 Furniture purchased for office use paid by cheque
Rs.1,50,000.
MARCH 17 Cash withdrawn for personal use Rs.40,000.
MARCH 18 Cheque received from Mahish & sons Rs. 80,000 and
deposited into bank on the same day.
MARCH 19 Goods purchased from Dinesh & company
Rs. 10,00,000 at 20% trade discount.
MARCH 20 Goods sold for cash Rs. 5,00,000.
MARCH 21 Goods sold to Mahish & sons Rs 10,00,000 at 20% trade
discount.
MARCH 22 Cash withdrawn from bank for office use Rs. 1,00,000.
MARCH 23 Advertisement expenses paid by cheque Rs. 1,20,000.
DATE JOURNAL
MARCH 24 Insurance premium paid Rs. 20,000 by cheque.
MARCH 25 Cash received from Mahish & Sons Rs 2,00,000.
MARCH 26 Cash paid to Dinesh & Company Rs. 1,50,000
MARCH 27 Commission received Rs. 20,000.
MARCH 28 Wages paid Rs. 15,000.
MARCH 29 Cash withdrawn for personal use Rs 40,000.
