Company Name: Durai Enterprises Question No:- 1

State: Tamilnadu

Country: India

Financial Year: 1/4/2019

1) Durai commenced business with Rs.10,00,000

2) Introduced with Furniture Rs.25000, Land and Building Rs.50000, Computer Rs.20000
3) Purchase Plant and machinery Rs.60000
4) Paid wages Rs.750
5) Paid carriage inward Rs.250
6) Purchase Following Goods from Vijay & Co for Credit Bill No: 1547 with GST 18%

Product Qty Rate

15ltr Bajaj Water Heater 100 Nos 15000
25ltr Bajaj Water Heater 100 Nos 25000
5ltr Bajaj Water Heater 100 Nos 10000

7) Purchase Following Goods from Ajay & Co for Credit Bill No: 2514 with GST 12%

Product Qty Rate

Bajaj Refrigerator 100 Nos 30000
Samsung Refrigerator 100 Nos 35000
Werfool Refrigerator 100 Nos 20000

8) Purchase Following Goods from Sanjai & Co for Credit Bill No: 2416 with GST 18%

Product Qty Rate

44” Samsung TV 100 Nos 42000
32” Philips TV 100 Nos 32000
42” Onida TV 100 Nos 38000

9) Purchase Following Goods from Gopi & Co for Credit Bill No: 3250 with GST 12%

Product Qty Rate

Bajaj Mixey 100 Nos 5000
Preethi Mixey 100 Nos 3000
Prestige Mixey 100 Nos 7000

10) Sold following goods to Ram & Co for Cash Bill no: DE/01/19 With GST
Product Qty Rate GST
Bajaj Mixey 2 Nos 8000 12%
44” Samsung TV 2 Nos 48000 18%
Samsung Refrigerator 2 Nos 40000 12%

11) Sold following goods to Guna & Co for Credit Bill no: DE/02/19 With GST
Product Qty Rate GST
32” Philips TV 1 Nos 20000 18%
Preethi Mixey 1 Nos 5000 12%
42” Onida TV 1 Nos 42000 18%
12) Sold following goods to Ravi & Co for Credit Bill no: DE/03/19 With GST
Product Qty Rate GST
25ltr Bajaj Water Heater 5 Nos 27000 18%
Samsung Refrigerator 5 Nos 40000 12%
Werfool Refrigerator 5 Nos 32000 12%

13) Paid to Vijay & Co by Cheque Rs.50000 (Ch. No: 100001) Bill No: 1547
14) 50% of amount paid to Ajay & Co by Cheque (Ch. No: 100002) Bill No: 2514
15) 20% of amount paid to Sanjay @ Co by Cash Bill No: 2416
16) Return following goods to Ajay & Co Bill No: 2514 with GST
Product Qty Rate
Bajaj Refrigerator 10 Nos 30000
Samsung Refrigerator 10 Nos 35000
Werfool Refrigerator 10 Nos 20000

17) Return following goods to Sanjay & Co Bill No: 2416 With GST
Product Qty Rate
44” Samsung TV 10 Nos 42000
32” Philips TV 10 Nos 32000
42” Onida TV 10 Nos 38000
18) Received Cheque from Guna & co for Rs.25000 (Ch. No:250254) Bill no: DE/02/19
19) 50 % of amount received cheque from Ravi & Co (Ch. No:251451) Bill no: Bill no:
DE/03/19
20) Return goods from Ram & co Bill no: DE/01/19 with GST
Product Qty Rate GST
Bajaj Mixey 1 Nos 8000 12%
Samsung Refrigerator 1 Nos 40000 12%
21) Return goods from Ravi & co Bill no: DE/03/19 with GST
Product Qty Rate GST
25ltr Bajaj Water Heater 1 Nos 27000 18%
Samsung Refrigerator 1 Nos 40000 12%
Werfool Refrigerator 1 Nos 32000 12%
22) Fully to Vijay & co by Cheque (Ch. No:100003)
23) Salary Paid RS.35000
24) Commission received Rs.1500
25) Fully settled by Ravi & Co By cash
26) Rent paid Rs.15000
27) Received Cash From Guna & co Rs.20000
28) Cash withdrew from bank Rs.5000
29) Bank charges Rs.250
30) Paid commission.2000
31) Discount Received Rs.25000
32) Received Dividend Rs.2500
Company Name: Ajay Solution Pvt Ltd Question No:- 2

State: Tamilnadu
Country: India
Financial Year: 1/4/2015
1) Start a business with following details as a Capital
Opening Stock Rs.25000
Sundry Creditor Rs.150000
Sundry Debtors Rs.200000
Furniture Rs.25000
Computer Rs.150000
Cash Rs.500000
2) Cash deposited into Axis bank Rs.100000
3) Paid Salary to Staff Rs.100000
4) Paid cheque for Rs.5000 for Water Purchases
5) Purchase goods from Ganesh Enterprises for Rs.50000 Bill no: 12501
6) Purchase following goods from Praveen Enterprises for credit Bill no: 12502
Product Qty Rate
Basmati Rice 50Bags 800
Basmati Rice (N) 50Bags 700
Wheat 50Bags 900

7) Sold goods to Ragu & Co for Rs.25000 ASP/01/15

8) Sold following goods to Ragu & Co for credit Bill no: ASP/02/15
Product Qty Rate
Basmati Rice 15Bags 1000
Basmati Rice (N) 15Bags 900
Wheat 10Bags 1200

9) Purchase following goods from Praveen Enterprises for credit Bill no: 12505
Product Qty Rate
Basmati Rice 50Bags 800
Basmati Rice (N) 50Bags 700
Wheat 50Bags 900

10) Return following goods to Praveen Enterprises for credit Bill no: 12502
Product Qty Rate
Basmati Rice 5Bags 800
Basmati Rice (N) 5Bags 700
Wheat 5Bags 900
11) Return goods to Ganesh enterprises Rs.15000 Bill no: 12501
12) Sold following goods to Ragu & Co for credit Bill no: ASP/03/15
Product Qty Rate
Basmati Rice 25Bags 1000
Basmati Rice (N) 25Bags 900
Wheat 25Bags 1200
13) Return goods from Ragu & co Rs.5000 ASP/01/15
14) Return following goods to Ragu & Co Bill no: ASP/03/15
Product Qty Rate
Basmati Rice 5 Bags 1000
Basmati Rice (N) 5 Bags 900
Wheat 5 Bags 1200

15) Paid cheque to Ganesh Enterprises Rs.25000 Bill no: 12501

16) Paid cash Rs.25000 to Praveen Enterprises Bill no: 12502
17) Paid Rent Rs.5000
18) Paid travelling Charges Rs.2500
19) Received cheque from Ragu & co Rs.50000 (Ch. No:125314) ASP/01/15 & ASP/02/15
20) Fully settled by Ragu & co Bill no: ASP/03/15
21) Bank charges Rs.250
22) Cash withdrew for personal use Rs.2500
23) Made a payment to Praveen & Co by cheque Rs.15000 Bill no: 12505
24) Commission Received Rs.2500 by cheque
25) Interest Received Rs.5000
Company Name: Ganesh Traders Question No:- 3

State: Tamilnadu
Country: India
Financial Year: 1/4/2015
1) Start a Business with Rs.2500000
2) Cash deposited into Sbi Bank Rs.500000
3) Salary paid to Accountant Rs.15000
4) Paid Rent Rs.5000
5) Purchase from Ram computers 15 Antivirus Software CDs Rs.650, with GST 5%
billno:0125
6) Purchase from Micro Computers 50 Monitors Rs.6800, with GST 18% bill no: 1251
7) Purchase from Ram computers 5 Cds of Windows OS @ Rs.15000, GST 12%, & 10
Tablet mobile Rs.15000 with GST 12% bill no: 0126
8) Purchase 2 Dell-Laptop @ Rs. 45,000 for cash with GST @ 18% i.e. Rs. 16,200 from
West Bengal. bill no: 0127
9) Sold 2 Tablet Mobiles @ Rs. 20,000 each with GST 12% i.e. packing charges Rs.2, 400
in Cash from West Bengal from Registered Shop. Bill no: GT/01/15
10) Sold 2nos of Windows OS @ Rs.20000 to Kannan Enterprises GST 18% GT/02/15
11) Sold of 5 Antivirus CDs @ Rs.1000 to Gokul & Sons with GST 18% GT/03/15
12) Sold of 10 Monitors @ Rs.6800 , to Sakthi Traders with GST @ 5% GT/04/15
13) Sold of 2 Dell-Laptop @ Rs 50,000 with GST @ 18% to Ravi Traders GT/05/15
14) Paid to Ram Computes Rs.2500 by cheque billno:0125
15) 50% of Amount paid to Micro Computers by cash bill no: 1251
16) Rs.5000 received from Gokul & Co GT/03/15
17) Fully Settled to Sakthi traders Bill no : GT/04/15
18) Fully Settled by Ram computers Bill no; 0126
19) Bank charges Rs.250
20) Purchase Following goods to Gokul Enterprises Bill no: 1254
Product Qty Rate
Monitor 50 nos 5000
Cpu 50 nos 20000
Keyboard 50 nos 450
Mouse 50 nos 350
21) Purchase Following goods to Jagan Enterprises Bill no: 1225
Product Qty Rate
Monitor 50 nos 4000
Cpu 50 nos 19000
Keyboard 50 nos 400
Mouse 50 nos 300
22) Sold following goods to Raja Enterprises Bill no: GT/05/15 for cash
Product Qty Rate
Monitor 15 nos 8000
Cpu 15 nos 22000
Keyboard 15 nos 500
Mouse 15 nos 400
23) Return following goods to Jagan Enterprises Bill no: 1225
Product Qty Rate
Monitor 5 nos 4000
Cpu 5 nos 19000
Keyboard 5 nos 400
Mouse 5 nos 300

24) Paid cheque to Gokul Enterprises Rs.50000 (Ch. No:100012) Bill no: 1254
25) 50% of amount paid to Raja Enterprise by Cheque (Ch. No:100013)
26) Fully paid to jagan Enterprises by cash
27) Cash withdrew from bank for office use
28) Paid commission Rs.2500
Company Name: Madhan Traders Question No:- 4

State: Tamilnadu
Country: India
Financial Year: 1/4/2015
1.) Start a business with Rs.50,00,000
2.) Cash deposited into bank Rs.500000
3.) Salary paid Rs.15000
4.) Madhan Traders Purchase following goods from Mani Traders on credit Billno: 12510
Product Qty Rate
Basmati Rice (E) 500 kgs 2500
Basmati Rice (w) 250 kgs 4000
Wheat (W) 250 kgs 3500

5.) Madhan Traders Sold the Following goods to Rajan Traders on credit Bill no:
MT/01/15
Product Qty Rate
Basmati Rice (E) 50 kgs 3000
Wheat (W) 25 kgs 4500

6.) Make 50% of payment to Mani traders By cheque (Ch. no: 000001) Billno: 12510
7.) Received Cash from Rajan Traders Rs.20000 Bill no: MT/01/15
8.) Make an advance payment Rs.100000 to Ramya Enterprises
9.) Madhan Traders Purchase following goods from Kannan Traders on credit Billno:
12510
Product Qty Rate
Wheat (W) 250 kgs 3500

10.) Paid to Kannan Traders Rs.2, 00,000 by cheque (Ch. No: 000002) Billno:
12510
11.) Received an Advance payment from Gowri Traders by cheque
12.) Madhan Traders Sold the Following goods to Rajan Traders on credit Bill no:
MT/02/15
Product Qty Rate
Basmati Rice (E) 50 kgs 3000
Wheat (W) 25 kgs 4500
Basmati Rice (W) 25 kgs 4000
13.) 50% of amount Received Cheque from Rajan Traders on Credit bill no:
MT/02/15
14.) Purchase following goods from Rajan Enterprises for Credit Bill no:2501
Product Qty Rate
Basmati Rice (E) 500 kgs 2500
 Wheat (W) 250 kgs 3500
Basmati Rice (W) 250 kgs 3000
15.) Madhan Traders Sold the Following goods to Rajan Traders on credit Bill no:
MT/03/15
Product Qty Rate
Basmati Rice (E) 50 kgs 3000

16.) Madhan Traders Sold the Following goods to Rajan Traders on credit Bill no:
MT/04/15
Product Qty Rate
Wheat (W) 25 kgs 4500

17.) Madhan Traders Sold the Following goods to Rajan Traders on credit Bill no:
MT/05/15
Product Qty Rate
Basmati Rice (E) 50 kgs 3000

18.) Madhan Traders Sold the Following goods to Rajan Traders on credit Bill no:
MT/06/15
Product Qty Rate
Wheat (W) 25 kgs 4500

19.) Received amount to Rs.500000 from Rajan traders Billno: MT/03,04,05,06/20

20.) Paid Rs,20,00,000 by Cheque to Rajen Enterprises Bill no:2501
21.) Rent paid Rs.2500