(Tally Level-3)

Liabilities Amount Assets Amount

Ritesh (Capital) 5,00,000 Furniture 50,000
Aditya (Capital) 3,00,000 Building 2,00,000
Reserve 1,00,000 Machinery 1,00,000
Profit & Loss 2,00,000 Goodwill 50,000
Bill’s Receivables 50,000
Raghav Enterprises 3,00,000
Bill No. PO/LK/89 – 33 Days – 1,50,000 Gourav Pvt. Ltd 4,00,000
Bill No. PO/LT/44 – 18 Days – 80,000 Bill No. JK/22/63 – 24 Days – 2,00,000
Bill No. SE/RT/41 – 43 Days – 70,000 Bill No. JK/78/56 – 35 Days – 1,50,000
Sanjay Garments 2,50,000 Bill No. LYO/41/98 – 16 Days – 50,000
Bill No. JE/F2/77 – 26 Days – 1,70,000 Ranjit Shaw 1,50,000
Bill No. FG/89/47 – 52 Days – 1,30,000 Bill No. DT/41/568 – 41 Days – 65,000
Bill No. PL7/786 – 62 Days – 85,000
Bill’s Payable 50,000 Dinesh Kumar 2,50,000
Outstanding Salary 30,000
Outstanding Rent 20,000 Closing Stock 2,50,000
Loan From Promotors 2,00,000 Cash-In-Hand 3,00,000
Secured Loan 50,000 HDFC Bank 2,00,000

20,00,000 20,00,00
0

Closing Stock:-

Item Name Godown Group Op Stock Rate Amount

White Shirt Phool Bagan Gent’s Garment 100 Pcs 300 30,000
Black Jeans Phool Bagan Gent’s Garment 50 Pcs 600 30,000
Maroon T-Shirt Rajarhat Gent’s Garment 50 Pcs 300 15,000
Red Saree Rajarhat Ladie’s Garment 50 Pcs 700 35,000
Black Ladies Suit Rajarhat Ladies Garment 100 Pcs 300 30,000
Navy Blue Jeans Phool Bagan Ladies Garment 50 Pcs 500 25,000
White Sneakers Phool Bagan Gents Footwear 50 Pcs 500 25,000
Sandal Rajarhat Ladies Footwear 100 Pcs 600 60,000
Total: 2,50,000
1. Aditya Invested Business with Cash of Rs. 5,00,000
2. Cash Deposit into HDFC Bank of Rs. 2,00,000
3. Paid Electricity Bill of Rs. 5,000 by Cash
4. Paid Rent of Rs. 10,000 by Bank.
5. Purchase goods from “Sanjay Garments” and Paid 75% By Cash of Bill No. MJ/56/48 and Store at
Phool Bagan.
I. 50 Pcs Black Jeans of Rs. 700
II. 100 Pcs Red Saree of Rs. 1,000
III. 100 Pcs Black Ladies Suit of Rs. 450
6. Received Interest of Rs. 3,000 By Bank.
7. Purchase goods of Rs. 40,000 in 15% Trade Discount by Cash.
8. Paid Rs. 22,000 Outstanding Salary by SBI.
9. Received Rs. 50,000 from “Gourav Pvt. Ltd” by Bank of a Bill No. LYO/41/98.
10. Sold goods to “Manoj Garments” and Received 82% by Cash.
I. 30 Pcs Red Saree of Rs. 1,200
II. 50 Pcs Black Ladies Suit of Rs. 650
III. 20 Pcs Sandal of Rs. 850
11. Purchase Goods From “Rohan Enterprises” of Rs. 26,000 on 8% Trade Discount.
12. Received Cash from “Gourav Pvt. Ltd” Rs. 30,000 of the Bill No. JK/78/56.
13. Purchase Goods from “Sanjay Garments” on Credit of Bill No. HJL/56/96 and Store at Rajarhat
Godown.
I. 50 Pcs Black Jeans of Rs. 800
II. 100 Pcs Maroon T-Shirt of Rs. 450
III. 120 Pcs White Shirt of Rs. 500
14. Purchase goods from “Damodar Enterprises” and Store at Rajarhat Godown on 15% Credit of the
Bill No. HN/44/44
I. 100 Pcs Black Ladies Suit of Rs. 650
II. 50 Pcs Sandal of Rs. 800
III. 100 Pcs Lether Jacket of Rs. 2,000
15. Ritesh Invested in Business of Rs. 5,00,000 by Cash
16. Sold goods to “Mohini Verma” in 20% Discount of each Product on Credit of Bill No. RC/22/78.
I. 20 Pcs Red Saree of Rs. 1,200
II. 40 Ps Lether Jacket of Rs. 2,800
III. 50 Pcs White Shirt of Rs. 650
17. Goods Return to “Sanjay Garments” of Bill No. HJL/56/96.
I. 10 Pcs Black Jeans of Rs. 800
II. 20 Pcs White Shirt of Rs. 500
18. Paid Outstanding Rent of Rs. 20,000 by Bank.
19. Received Full amount from “Mohini Verma” of the Bill No. RC/22/78
20. Paid Cash to “Sanjay Garments” with Full Amount.
21. Purchase goods from “Niraj Sharma” of Rs. 40,000 in 10% Cash Discount.
22. Paid Full amount to “Damodar Enterprises” by SBI and they giving a Discount of Rs. 1,000.
23. Purchase Goods From “Dilawar Kapoor” of Rs. 40,000 on 5% Trade Discount.
24. Commission Paid of Rs. 4,000 by Cash.