1

PRACTICE ENTRY

MARCH 2020

1. Mr. Verma Started Universal Business Solutions by bringing in cash of 300000.

Receipt Voucher F6
Cr: Mr. Verma 300000/- (Capital Account)
Dr: Cash 300000/-

2. Mr. Verma Purchased a computer in cash 18000.

Payment Voucher F5
Dr: Computer 18000/- (Fixed Assets)
Cr: Cash 18000/-

3. Mr. Verma Purchased an Office Table 3500 and Office Chair 4000 in cash.
Payment Voucher F5
Dr: Office Table 3500/- (Fixed Assets)
Dr: Office Chair 4000/- (Fixed Assets)
Cr: Cash 7500/-

4. Mr. Verma opened a bank account in HDFC bank by deposit cash₹50000.

Contra Voucher F4
Cr: Cash 50000/-

Dr: HDFC Bank 50000/-(Bank Account)

5. Mr. Verma Purchased stationery item in cash 2000.

Payment Voucher F5
Dr: Stationary Expenses 2000/-(Indirect Expenses)
Cr: Cash 2000/-

6. Mr. Verma Purchased a mobile phone 5000 from raj telecom on credit.
Journal Voucher F7
Dr: Mobile Phone 5000/- (Fixed Assets)
Cr: Raj Telecom 5000/-(Sundry Creditors)

7. Mr. Verma withdraw 10000 from HDFC Bank.

Contra Voucher F4
Cr: HDFC Bank 10000/-
Dr: Cash 10000/-

8. Mr. Verma paid cash 5000 to raj telecom.

Payment Voucher F5
Dr: Raj Telecom 5000/-
Cr: Cash 5000/
9. Mr. Verma received a bill of 4500 from Sukun offset for printing office
Journal voucher F7
Dr: Stationary Expense 4500/- (Indirect Expenses)
Cr: Sukun Offset 4500/-
2

10. Mr. Verma paid 2800 by cheque towards office rent.

Payment voucher F5
Dr: Rent Exp 2800/- (Indirect Expenses)
Cr: HDFC Bank 2800/-

11. Mr. Verma paid 700 in cash towards electricity Charge.

Payment voucher F5
Dr: Electricity Expenses 700/-(Indirect Expenses)
Cr: Cash 700/-

12. Mr. Verma issued a cheque of 4500 for Sukun offset.

Payment voucher F5
Dr: Sukun Offset 4500/-
Cr: HDFC Bank 4500/-

13. Mr. Verma withdraw 4000 from HDFC Bank for personal use.
Payment Voucher F5
Dr: Withdrawals 4000/- (Capital Account)
Cr: HDFC Bank 4000/-

 To check Entries
 Go to Gateway of Tally
 Select Day Book option

 To Check Entry Detail Press Keyboard Key Alt+F1

 To Edit Previous Entry in Voucher Press keyboard key Page up
3

TRIAL BALANCE APIRAL 2020

1. Arpit Kumar Verma started a business solutions by bringing in cash of Rs.300000.
Receipt Voucher F6
Cr: Arpit Kumar 300000/- (Capital Account)
Dr: Cash 300000/-

2. Mr. Verma paid Rs.22500 in cash to purchase a computer. The computer does not have any
disposal value at the end of its useful life of four years.
Journal voucher F7
Dr: Computer 22500/- (Fixed Assets)
Cr: Cash 22500/-

3. Mr. Verma opened a bank account in HDFC Bank and deposit cash of Rs. 100000.
Contra Voucher F4
Cr: Cash 100000/-
Dr: HDFC Bank 100000/- (Bank Account)

4. Mr. Verma rented an office apace for Rs.2500 per month on April 01, 2020 He paid the
security deposit of Rs. 25000 by cheque.
Payment Voucher F5
Dr: Security deposit 100000/- (Deposit Assets)
Cr: HDFC Bank 100000/

5. Mr Verma issued cheque and Purchased the following Fixed assets.

Journal voucher F7
Dr: Cell Phone ₹ 6000 (useful life -5 Years)
Dr: furniture 20000 (useful life – 8 years)
Dr: AIR Conditioner 20000 (useful life – 6 years)
Dr: Electrical fittings & 15000 (useful life 10 years)

Cr: Bank 61000/-

6. Mr. Verma obtained a mobile phone subscription from Planet telecommunications, by

paying a deposit of Rs.3000 in cash
Payment Voucher F5
Dr: Security Deposit Mobile Phone 3000/- (Fixed Assets)
Cr: Cash 3000/-

7. Mr. Verma purchased stationary consumables worth Rs.12500 from Global House, on
credit.
Journal voucher F7
Dr: Stationary Exp 12500/- (indirect Exp)
Cr: Global House 12500/- (Sundry Creditors)

8. Mr. Verma signed a contract with Silver Services to provide consultancy services at an
agreed price of Rs.75000. He received an advance of Rs.25000 by cheque.
Receipt Voucher F6
Cr: Advance Consulting Revenue 75000/- (Current Liabilities)
Dr: Cash 75000/-
Make a secondary Group:- Current Liabilities
4

9. Mr. Verma deposit Rs.50000 cash in HDFC BanK

Contra Voucher F4
Cr: Cash 50000/-
Dr: HDFC Bank 50000/-

10. Mr. Verma received an invoice for Rs.6000 from Ink and Paper Publishers for printing office
stationary.
Journal voucher F7
Dr: Stationary 6000/-
Cr: Ink and Paper Publishers 6000/- (Sundry Creditors)

11. Mr. Verma withdrew Rs.7500 cash for personal use.

Payment Voucher F5
Dr: Withdrawals 7500/- (Capital Account)
Cr: Cash 7500/-

12. Mr. Verma paid Rs.750 in cash towards office maintenance charges.
Payment Voucher F5
Dr: Office Maintenance 750/- (Indirect Exp)
Cr: Cash 750/-

 To Check Entries
 Go To Gateway Of Tally
 Select Day Book Option
 To Check Trail Balance, Day Book Cash Flow And Fund Flow Etc Go To
Gatway Off Tally Go To Display More Reports Option.

 To Change Date Press Keyboard Key F2

 To Check All Month Entry Press Alt+F2
5

MAY 2020

1. Mr. Verma paid Rs.6000 in cash to Ink and paper publishers.

Payment Voucher F5
Dr: Ink and paper publishers 6000/-
Cr: Cash 6000/-

2. Mr. Verma paid Rs.2500 by cheque towards office rent for April 2020
Payment Voucher F5
Dr: Rent Exp 2500/- (Indirect Exp)
Cr: HDFC Bank 2500/-

3. Mr. Verma paid salaries through cheque for April 2020 (25 days) to Shubham Rs.6500,
Geeta Shukla Rs.3900.
Payment Voucher F5
Dr: Salary Exp 10400/- (Indirect Exp)
Cr: HDFC Bank 10400/-

4. Mr. Verma received and paid her mobile phone bill amounting to Rs.1250 in cash.
Payment Voucher F5
Dr: Mobile Phone 1250/- (Indirect Exp)
Cr: Cash 1250/-

5. Mr. Verma paid Rs.1100 in cash towards electricity charges.

Payment Voucher F5
Dr: Electricity charges 1100/- (Indirect Exp)
Cr: Cash 1100/-

6. Mr. Verma issued a cheque of Rs.12500 to Global House.

Payment Voucher F5
Dr: Global House 12500/- (Sundry Creditors)
Cr: HDFC Bank 12500/-

7. Mr. Verma received a further advance of Rs.25000 from silver services by cheque. (Refer
transaction 10.)
Receipt Voucher F6
Cr: Advance Consulting Revenue 25000/- (Current Liabilities)
Dr: HDFC Bank 25000/-

8. Mr. Verma reimbursed conveyance bills amounting to Rs. 650 in Cash to Geeta Shukla
Payment Voucher F5
DR: Conveyance Exp 650/- (Indirect Exp)
Cr: Cash 650/-
9. Mr. Verma paid Rs.150 in cash towards miscellaneous office expenses.
Payment Voucher F5
Dr: Miscellaneous Office Expenses 150/-
Cr: Cash 150/-
6

10. Mr. Verma received Rs.15000 as consulting revenue in cash from Omega Infotech.
Receipt Voucher F6
Cr: Consulting Revenue 15000/- (Direct Incomes)
Dr: Cash 15000/-

11. Mr. Verma raised an invoice for Rs. 75000 on Silver Services after completion of the
service. Silver Services paid the balance amount of Rs.25000 in cash after deducting the
advance. (Refer transactions 10 and 21.)
Receipt Voucher F6
Cr: Consulting Revenue 75000/-
Dr: Cash 25000/-
Dr: Advance Consulting Revenue 50000/-

12. Mr. Verma withdrew Rs.6000 cash for personal use.

Payment Voucher F5
Dr: withdrawals 6000/-
Cr: Cash 6000/-
7

JUNE 2020
13. Mr. Verma paid Rs.2500 in cash towards office rent.
Payment Voucher F5
Dr: Rent Exp 2500/-
Cr: HDFC Bank 2500/-

14. Mr. Verma received an invoice for Rs.5500 from Raj travels. This includes Rs.2300 towards
cab hiring charges and Rs.3200 towards outstation tours.

Journal voucher F7
Dr: Cab Hiring Exp 2300/- (Indirect exp)
Dr: Outstation Tours 3200/- (Indirect exp)

Cr: Raj travels 5500/- (Sundry Creditors)

15. Mr. Verma received Rs.35000 in cash as consulting revenue from eateries food chain.
Receipt Voucher F6
Cr: Consulting Revenue 35000/-
Dr: Cash 35000/-

16. Mr. Verma deposited Rs.30000 in HDFC Bank.

Contra voucher F4
Cr: Cash 30000/-
Dr: HDFC Bank 30000/-

17. Mr. Verma paid mobile phone bill amounting to Rs.1350 by cheque.
Payment Voucher F5
Dr: Telephone Exp 1350/-
Cr: Cash 1350/-

18. Mr. Verma reimbursed conveyance bills amounting to Rs.750 in cash to Geeta Shukla.
Payment Voucher F5
Dr: conveyance Exp 750/-
Cr: Cash 750/-

19. Mr. Verma paid Rs. 1250 in cash towards electricity bill charges.
Payment Voucher F5
Dr: Electricity Exp 1250/-
Cr: Cash 1250/-

20. Mr. Verma paid Rs. 1250 in cash towards office maintenance charges.
Payment Voucher F5
Dr: Office Maintenance 1250/
Cr: Cash 1250/-

21. Mr. Verma paid Rs. 3000 in cash as salary advance to shubham.
Payment Voucher F5
Dr: Salary Advance 3000/- Loan & Advance (Assets)
Cr: Cash 3000/-
8

JULY 2020

1. Mr. Verma raised an invoice for Rs.65000 on Alfatech Solution for services provided.
Journal voucher F7
Dr: Alfatech Solution 65000/- (Sundry Debtors)
Cr: Consulting Revenue 65000/-

2. Mr. Verma subscribed for the Management Consultant journal paying Rs.2400 by cheque.
The subscription period is from July 2020 to June 2022.
Journal voucher F7
Dr: Pripaid Journal Subscription 2400/- (current assets)
Cr: HDFC Bank 2400/-

3. Mr. Verma paid office rent by cheque. (Refer transaction 4.)

Payment Voucher F5
Dr: Rent Exp 2500/-
Cr: HDFC Bank 2500/-

4. Mr. Verma received Rs.35000 by cheque from Alfatech solutions.

Receipt Voucher F6
Cr: Alfatech Solutions 35000/-
Dr: HDFC Bank 35000/-

5. Mr. Verma paid Rs.750 in cash towards office maintenance charges.

Mr. Verma paid Rs.850 in cash towards electricity charges.
Payment Voucher F5
Dr: Office Maintenance 750/-
Dr: Electricity Exp 850/-

Cr: Cash 750/-

6. Mr. Verma paid Rs.1650 by cheque as mobile phone bill charges.

Payment Voucher F5
Dr: Telephone Exp 1650/-
Cr: HDFC Bank 1650/-

7. Mr. Verma reimburses conveyance bills of Rs.550 in cash to Geeta Shukla.

Payment Voucher F5
DR: conveyance Exp 550
Cr: Cash 550/-

8. Mr. Verma withdrew Rs.6500 cash for personal use.

Payment Voucher F5
Dr: withdrawals 6500/-
Cr: Cash 6500/-
9

AUGUST 2020
1. Mr. Verma paid by cheque Rs.6000 for insurance of fixed assets. The period of insurance is
from August 1, 2020 to July 31, 2021.
Payment Voucher F5
Dr: Period Insurance 6000/- (Current Assets)
Cr: HDFC Bank 6000/-

2. Mr. Verma received Rs.30000 in cash as consulting revenue from ABC Computer.
Receipt Voucher F6
Cr: Consulting Revenue 30000/-
Dr: Cash 30000/-

3. Mr. Verma paid 6000 salaries by cheque.

Payment Voucher F5
Dr: Salary Exp 6000/-
Cr: HDFC Bank 6000/-

4. Mr. Verma paid 2500 office rent by cheque.

Payment Voucher F5
Dr: Rent Exp 2500/-
Cr: HDFC Bank 2500/-

5. Mr. Verma withdrew Rs.25000 from HDFC Bank.

Contra Voucher F4
Cr: HDFC Bank 25000/-
Dr: Cash 25000/-

6. Mr. Verma paid Rs.750 in cash towards office maintenance charges.

Payment Voucher F5
Dr: Office Maintenance 750/-
Cr: Cash 750/-

7. Mr. Verma raised an invoice for Rs.50000 on Media Live Productions for services provided.
Journal Voucher F7
Dr: Media Live Productions 50000/- (Sundry Dr)
Cr: Consulting Revenue 50000/-

8. Mr Verma Paid Rs 950 in cash towards electricity charges

Payment Voucher F5
Dr: electricity charges 950/-
Cr: Cash 950/-

9. Mr. Verma paid Rs.2100 by cheque towards mobile phone bill charges.
Payment Voucher F5
Dr: Telephone Exp 2100/-
Cr: HDFC Bank 2100/-
10

10. MediaLive Productions settled the bill for a final amount of Rs.48000 by paying Rs.20000 in
cash and Rs.28000 by cheque. (Refer transaction 54.)
Receipt Voucher F6
Cr: MediaLive Productions 50000/-

Dr: Cash 20000/-

Dr: HDFC Bank 28000/-
Dr: Dis Exp 2000/-

11. Mr. Verma received Rs.30000 by cheque from Alfatech Solutions.

Receipt Voucher F6
Cr: Alfatech Solutions 30000/-

Dr: HDFC Bank 30000/-

12. Mr. Verma reimbursed conveyance bills amounting to Rs.1200 in cash to Geeta Shukla.
Payment Voucher F5
Dr: conveyance exp 1200/-

Cr: Cash 1200/-

11

SEPTEMBER 2020

13. Mr. Verma paid Rs.3800 in cash for repairs and maintenance of office premises.
Payment Voucher F5
Dr: repairs and maintenance 3800/- (Indirect Expenses)
Cr: Cash 3800/-

14. Mr. Verma paid salaries by cheque. As Shubham was on leave for 15 days, he was paid half-
month's salary.
Payment Voucher F5
Dr: Salary Exp
Salary
Shubham 3750/-
Geeta 4500/-
Cr: HDFC Bank 8250/-
Go To Gatway Of Tally Create Cost Category :- Salary

15. Mr. Verma paid rent by cheque.

Payment Voucher F5
Dr: Rent Exp 2500/-
Cr: HDFC Bank 2500/-

16. Mr. Verma received an invoice for Rs. 7600 from Raj Travels. This includes Rs.3150 towards
cab hiring charges and Rs.4450 towards outstation tours.
Journal Voucher F7
Dr: Cab Hiring Exp 3150/-
Dr: Outstation Tours 4450

Cr: Raj Travels (New Ref) 7600/-

17. Mr. Verma paid Rs.750 in cash towards office maintenance charges.
Payment Voucher F5
Dr: Office Maintenance 750/-
Cr: Cash 750/-

18. Mr. Verma received Rs.25000 in cash as consulting revenue from Cam and Cut Productions.
Receipt Voucher F6
Cr: Consulting Revenue 25000/-
Dr: Cash 25000/-

19. Mr. Verma paid Rs.1300 in cash towards electricity charges.

Payment Voucher F5
Dr: Electricity 1300/-
Cr: Cash 1300/-

20. Mr Verma reimbursed conveyance hills amounting to Rs 500 in cash and cut Productions.
Payment Voucher F5
Dr: conveyance Exp 500/-
Cr: Cash 500/-
12

21. Mr. Verma paid Rs.10000 by cheque to Raj Travels.

Payment Voucher F5
Dr: Raj Travels. 10000/-
Cr: HDFC Bank 10000/-

22. Mr. Verma paid Rs.1750 by cheque towards mobile phone bill charges.
Payment Voucher F5
Dr: Mobile Phone Exp 1750/-
Cr: HDFC Bank 1750/-

23. Mr. Verma withdrew Rs.5500 cash for personal use

Payment Voucher F5
Dr: Withdrawals 5500/-
Cr: Cash 5500/-
13

OCTOBER 2020
1. Mr. Verma received Rs.50000 by cheque as consulting revenue from Xceed International
Couriers.
Receipt Voucher F6
Cr: Consulting Revenue 50000/-
Dr: HDFC Bank 50000/-

2. Mr. Verma paid office rent by cheque.

Payment Voucher F5
Dr: Rent Exp 2500/-
Cr: HDFC Bank 2500/-

3. Mr. Verma withdrew Rs.30000 cash from HDFC Bank.

Contra Voucher F4
Cr: HDFC Bank 30000/-
Dr: Cash 30000/-

4. Mr. Verma paid salaries by cheque.

Payment Voucher F5
Dr: Salary Exp 12000/-
Salary
Shubham 7500/-
Geeta 4500/-
Cr: HDFC Bank 12000/-

5. Mr. Verma paid Rs.750 in cash towards office maintenance charges.

Payment Voucher F5
Dr: Office Maintenance 750/-
Cr: Cash 750/-

6. Mr. Verma purchased stationary items worth Rs.1600 in cash.

Payment Voucher F5
Dr: Stationary Exp 1600/- (Indirect Expense)
Cr: Cash 1600/-

7. Mr. Verma received Rs.15000 in cash as consulting revenue from Samaritan Products.
Receipt Voucher F6
Cr: Consulting Revenue 15000/-
Dr: Cash 15000/-
8. Mr. Verma paid Rs.1700 in cash towards electricity charges.
Payment Voucher F5
Dr: electricity Exp 1700/-
Cr Cash 1700/-
9. Mr. Verma paid Rs.2300 by cheque towards mobile phone bill charges.
Payment Voucher F5
Dr: Mobile Phone Exp 2300/-
Cr: HDFC Bank 2300/-
14

10. Mr. Verma introduced further capital into the firm by bringing in cash of Rs.100000.
Receipt Voucher F6
Cr: Arpit Kumar 100000/-
Dr: Cash 100000/-

11. Mr. Verma deposit cash amounting to Rs.75000 in HDFC Bank.

Contra Voucher F4
Cr: Cash 75000/-
Dr: HDFC Bank 75000/-

12. Mr. Verma reimbursed conveyance bills amounting to Rs.1600 in cash to Geeta Shukla.
Payment Voucher F5
Dr: Conveyance Exp 1600/-
Cr: Cash 1600/-
15

NOVEMBER 2020
1. Mr. Verma withdrew Rs.8000 cash for personal use.
Payment Voucher F5
Dr: Withdrawals 8000/-
Cr: Cash 8000/-

2. Mr. Verma received an invoice for Rs.7200 from Raj Travels. This includes Rs.2800 towards
cab hiring charges and Rs.4400 towards outstation tours
Journal Voucher F7
Dr: Cab Hiring Exp 2800/-
Dr: Outstation Tours 4400/-

Cr: Raj Travels (New Ref) 7200/-

3. Mr. Verma paid salaries by cheque.

Payment Voucher F5
Dr: Salary Exp 12000/-
Salary
Shubham 7500/-
Geeta 4500/-
Cr: HDFC Bank 12000/-

4. Mr. Verma paid Rs.750 in cash towards office maintenance charges.

Payment Voucher F5
Dr: Office Maintenance 750/-
Cr: Cash 750/-

5. Mr. Verma received Rs.27500 by cheque as consulting revenue form Trishul Software
Solutions.
Receipt Voucher F6
Cr: Consulting Revenue 27500/-
Dr: HDFC Bank 27500/-

6. Mr. Verma paid office rent by cheque.

Payment Voucher F5
Dr: Rent Exp 2500/-
Cr: HDFC Bank 2500/-

7. Planet Consultancy terminated their contract and the advance of Rs. 10000 was refunded
to them by cheque.
Payment Voucher F5
Dr: Advance Consulting Revenue 10000/-
Cr: HDFC Bank 10000/-
16

8. HDFC Bank intimated Mr. Verma that the cheque of Trishul Software solutions for Rs.27500
had bounced. Trishul Software solutions was informed of this development and they
promised to pay the amount in a few days.
Payment Voucher F5
Dr: Trishul Software solutions 27500/- (Sundry Debtors) New Ref
Cr: HDFC Bank 27500/-

9. Mr. Verma paid Rs.950 in cash towards electricity bill charges.

Payment Voucher F5
Dr: electricity Exp
Cr: Cash 950/-

10. Mr. Verma received Rs.12500 in cash Trishul software solutions.

Receipt Voucher F6
Cr: Trishul software solutions 12500/-
Dr: Cash 12500/-

11. Mr. Verma paid Rs.1470 by cheque towards mobile phone bill charges.
Payment Voucher F5
Payment Voucher F5
Dr: Mobile Phone Exp 1470/-
Cr: HDFC Bank 1470/-

12. Mr. Verma reimbursed conveyance bills amounting to Rs.900 in cash to Geeta Shukla.
Payment Voucher F5
Dr: Conveyance Exp 900/-
Cr: Cash 900/-

13. Mr. Verma withdrew Rs.6500 cash for personal use.

Payment Voucher F5
Dr: Withdrawals 6500/-
Cr: Cash 6500/-
1.
17

DECEMBER 2020
1. The statement received from HDFC Bank, shows that the bank has charged Rs.550
as cheque bouncing charges and Rs330 as cheque book charges. Cheque bouncing
charges are to be recovered from Trishul Software solutions (Refer transaction 92.)
Payment Voucher F5
Dr: Bank Charges 330/-
Dr: Trishul Software solutions 550/-

Cr: HDFC Bank 880/-

2. Mr. Verma paid office rent by cheque.

Payment Voucher F5
Dr: Rent Exp 2500/-
Cr: HDFC Bank 2500/-

3. Mr. Verma paid salaries by cheque.

Payment Voucher F5
Dr: Salary Exp 12000/-
Salary
Shubham 7500/-
Geeta 4500/-
Cr: HDFC Bank 12000/-

4. Mr. Verma received an invoice from Raj Travels for Rs.6200. This includes Rs.3000
towards cab hiring charges and Rs.3200 towards outstation tours.
Journal Voucher F7
Dr: Cab Hiring Exp 3000/-
Dr: Outstations Tours 3200/-
Cr: Raj Travels 6200/-

5. Mr. Verma received Rs.50000 by cheque as consulting revenue form Unigrand

Technologies.
Receipt Voucher F6
Cr: Consulting Revenue 50000/-
Dr: HDFC Bank 50000/-

6. Mr. Verma withdrew Rs.30000 cash from HDFC Bank.

Contra Voucher F4
Cr: HDFC Bank 30000/-
Dr: Cash 30000/-

7. Mr. Verma paid Rs.750 in cash towards office maintenance charges.

Payment Voucher F5
Dr: Office Maintenance 750/-
Cr: Cash 750/-
18

8. Mr. Verma purchased office equipment worth Rs.12000 on credit from Transfrom Tech. The
assets does not have any disposal value after its useful life of 6 years.
Journal Voucher F7
Dr: Office Equipment 12000/- (Fixed Assets)
Cr: Transfrom Tech 12000/- (Sundry Creditors)

9. Mr. Verma paid Rs.1450 by cheque towards mobile phone bill charges.
Payment Voucher F5
Dr: Mobile Phone Exp 1450/-
Cr: HDFC Bank 1450/-

10. Mr. Verma paid Rs.850 in cash towards electricity bill charges.
Payment Voucher F5
Dr: Electricity Exp 850/-
Cr: Cash 850/-

11. Mr. Verma reimbursed conveyance bills amounting to Rs.1100 in cash to Geeta Shukla,
Payment Voucher F5
Cr: Consulting Revenue 1100/-
Dr: HDFC Bank 1100/-

12. Mr. Verma paid Rs 12000 by cheque to Transfrom Tech

Payment Voucher F5
Dr: Transfrom Tech 12000/-
Cr: HDFC Bank 12000/-

13. Mr. Verma raised an invoice for Rs. 42500 on InGroove Designers for Consultancy services.
Journal Voucher F7
Dr: InGroove Designers 42500/-
Cr: Consulting Revenue 42500/-

14. Mr Verma Received Rs. 15550 in Cash from Trishul Software Solutions
Receipt Voucher F6
Cr: Trishul Software Solutions 15550/-
Dr: Cash 15550/-

14. Mr. Verma withdrew Rs.6000 cash for personal use.

Payment Voucher F5
Dr: Withdrawals 6000/-
Cr: Cash 6000/-

15. Mr. Verma paid Rs 7500 by Cheque towards Professional charges for internal audit of
accounts.
Payment Voucher F5
Dr: Professional charges 7500/-
Cr: HDFC Bank 7500/-
19

JANUARY 2021
1. Mr. Verma paid office rent by cheque.
Payment Voucher F5
Dr: Rent Exp 2500/-
Cr: HDFC Bank 2500/-

2. Mr. Verma received Rs.30000 in cash from InGroove Designers.

Receipt Voucher F6
Cr: InGroove Designers 30000/- (S/D)
Dr: Cash 30000/-

3. Mr. Verma paid salaries by cheque.

Payment Voucher F5
Dr: Salary Exp 12000/-
Salary
Shubham 7500/-
Geeta 4500/-
Cr: HDFC Bank 12000/-

4. Mr. Verma paid Rs.750 in cash towards office maintenance charges.

Payment Voucher F5
Dr: Office Maintenance 750/-
Cr: Cash 750/-

5. Mr. Verma received Rs.35000 by cheque as consulting revenue from Ala Carte Investments.
Receipt Voucher F6
Cr: Consulting Revenue 35000/-
Dr: HDFC Bank 35000/-

6. Mr. Verma withdrew Rs.50000 capital from the firm by cheque.

Contra Voucher F4
Cr: HDFC Bank 50000/-
Dr: Cash 50000/-

7. Mr. Verma paid Rs.2300 by cheque as mobile phone bill charges.

Payment Voucher F5
Dr: Mobile Phone Exp 2300/-
Cr: HDFC Bank 2300/-

8. Mr. Verma withdrew Rs.8000 cash for personal use.

Payment Voucher F5
Dr: Withdrawals 8000/-
Cr: Cash 8000/-
20

FEBRUARY 2021
1. Mr. Verma paid office rent by cheque.
Payment Voucher F5
Dr: Rent Exp 2500/-
Cr: HDFC Bank 2500/-

2. Mr. Verma paid salaries by cheque.

Payment Voucher F5
Dr: Salary Exp 12000/-
Salary
Shubham 7500/-
Geeta 4500/-
Cr: HDFC Bank 12000/-

3. Mr. Verma received an invoice from Raj Travels for Rs.9400. This includes Rs.3800 towards
cab hiring charges and Rs.5600 towards outstation tours.
Journal Voucher F7
Dr: Cab Hiring Exp 3800/-
Dr: Outstations Tours 5600/-

Cr: Raj Travels 9400/-

4. Mr. Verma paid Rs.20000 by cheque to Raj Travels.

Payment Voucher F5
Dr: Raj Travels 20000/-
Cr: HDFC Bank 20000/-

5. Mr. Verma paid Rs.750 in cash towards office maintenance charges.

Payment Voucher F5
Dr: Office Maintenance 750/-
Cr: Cash 750/-
6. Mr. Verma paid Rs.1600 by cheque towards mobile phone bill charges.
Payment Voucher F5
Dr: Mobile Phone Exp 1600/-
Cr: HDFC Bank 1600/-

7. Mr. Verma paid Rs.1200 in cash towards electricity bill.

Payment Voucher F5
Dr: electricity bill 1200/-
Cr: Cash 1200/-

8. Mr. Verma reimbursed conveyance bills of Rs.1150 in cash

Payment Voucher F5
Cr: Consulting Revenue 1150/-
Dr: Cash 1150/-

9. Mr. Verma withdrew Rs.7000 cash for personal use.

Payment Voucher F5
Dr: Withdrawals 7000/-
21

Cr: Cash 7000/-

22

MARCH 2021

10. Mr. Verma paid salaries by cheque.

Payment Voucher F5
Dr: Salary Exp 12000/-
Salary
Shubham 7500/-
Geeta 4500/-
Cr: HDFC Bank 12000/-

11. Mr. Verma paid office rent by cheque.

Payment Voucher F5
Dr: Rent Exp 2500/-
Cr: HDFC Bank 2500/-

12. Mr. Verma paid Rs.750 in cash towards office maintenance charges.
13. Payment Voucher F5
Dr: Office Maintenance 750/-
Cr: Cash 750/-

1. Mr. Verma received Rs.30000 in cash as consulting revenue from Eye Television Network.
Receipt Voucher F6
Cr: Consulting Revenue 30000/-
Dr: HDFC Bank 30000/-

2. Mr. Verma paid Rs.1450 in cash towards electricity bill.

Payment Voucher F5
Dr: electricity bill 1450/-
Cr: Cash 1450/-

3. Mr. Verma paid Rs.1900 by cheque towards mobile phone bill charges.
Payment Voucher F5
Dr: Mobile Phone Exp 1900/-
Cr: HDFC Bank 1900/-

4. Mr. Verma reimbursed conveyance bills of Rs.950 in cash Geeta Shukla.

Payment Voucher F5
Dr: Conveyance Exp 950/-
Cr: Cash 950/-

5. Mr. Verma withdrew Rs.6500 cash for personal use.

Payment Voucher F5
Dr: Withdrawals 6500/-
Cr: Cash 6500/-