Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Site/Land
Date Explanation Debit Credit Balance
April 01, 2017 Purchased Land in Bombay on loan 8500 8500
April 15, 2017 Purchased land in Indore on Loan 1500 10000
May 31, 2017 Purchased land in Srinagar in Cash 5000 15000
July 01, 2017 Purchased land in Darjeeling in Cash 2500 17500
House
Date Explanation Debit Credit Balance
April 01, 2017 Built house in Mumbai on loan 7500 7500
April 15, 2017 built house in Indore on Loan 2000 9500
May 31, 2017 Built house in Srinagar in Cash 6000 15500
July 01, 2017 Built house in Darjeeling in Cash 3000 18500
Borrowings
Date Explanation Debit Credit Balance
April 01, 2017 Borrowings from State Government for procuring land
0 at Mumbai
8500 -8500
April 01, 2017 Borrowings from State Governmebt for building a house
0 at7500
Mumbai
-16000
April 01, 2017 Borrowings (interest free) from Owner 10000 -26000
August 01, 2017 Took a loan from Bank at 12% interest rate 2000 -28000
Share Capital
Date Explanation Debit Credit Balance
April 01, 2017 Invested cash 15000 15000
Lodging Income
Date Explanation Debit Credit Balance
May 01, 2017 Received rent income from FlyHigh Pvt. Ltd. 0 600 -600
March 31, 2018 Received rent income from FlyHigh Pvt. Ltd. 0 600 -1200
Commission Income
Date Explanation Debit Credit Balance
January 01, 2018 Received commission income from FlyHigh Pvt. Ltd.
0 1000 -1000
January 31, 2018 Received Commission income from RCB Pvt. Ltd. 0 1000 -2000
Salary Expenses
Date Explanation Debit Credit Balance
May 01, 2017 Paid Salary expense to supervisor 500 0 500
June 01, 2017 Paid Salary expense to supervisor 500 0 1000
July 01, 2017 Paid Salary expense to supervisor 500 0 1500
August 01, 2017 Paid Salary expense to supervisor 500 0 2000
September 01, 2017 Paid Salary expense to supervisor 500 0 2500
October 01, 2017 Paid Salary expense to supervisor 500 0 3000
November 01, 2017 Paid Salary expense to supervisor 500 0 3500
December 01, 2017 Paid Salary expense to supervisor 500 0 4000
January 01, 2018 Paid Salary expense to supervisor 500 0 4500
February 01, 2018 Paid Salary expense to supervisor 500 0 5000
March 01, 2018 Paid Salary expense to supervisor 500 5500
March 31, 2018 Salar Expense to be paid to Supervisor 500 0 6000
Rent Expenses
Date Explanation Debit Credit Balance
July 01, 2017 Paid rent expense to FlyHigh Pvt. Ltd. 3200 0 3200
August 15, 2017 Paid rent expense to FlyHigh Pvt. Ltd. 1000 0 4200
January 15, 2018 Paid rent expense to FlyHigh Pvt. Ltd. 3200 0 7400
Commission Expense
Date Explanation Debit Credit Balance
December 01, 2017 Paid commission expense to DreamTeam Pvt. Ltd1000 0 1000
December 15, 2017 Paid commission expense to DreamTeam Pvt. Ltd1000 0 2000
December 15, 2017 Paid commission expense to FlyHigh Pvt. Ltd. 1000 0 3000
December 15, 2017 Paid commission expense to RCB Pvt. Ltd. 1000 4000
Bail Expenses
Date Explanation Debit Credit Balance
November 01, 2017 Paid Bail expense for landing in Jail 1000 0 1000
Depreciation Expense
Date Explanation Debit Credit Balance
March 31, 2018 Depreciation Expense for house at Mumbai 900 0 900
March 31, 2018 Depreciation Expense for house at Indore 230 0 1130
March 31, 2018 Depreciation Expense for house at Srinagara 600 0 1730
March 31, 2018 Depreciation Expense for house at Darjeeling 270 2000
Interest Expenses
Date Explanation Debit Credit Balance
December 01, 2017 Interest Expense for INR 2000 loan raken from bank
160 at 12% 0 160
December 15, 2017 Interest Expense for development loan given by1920
state government
0 2080
Prepaid Insurance
Date Explanation Debit Credit Balance
March 01, 2018 Prepaid Insurance for houses 2400 0 2400
March 31, 2018 Prepaid Insurance for houses (adjustment entry) 200 2200
Accumulated Depreciation
Date Explanation Debit Credit Balance
March 31, 2018 Accumulated Depreciation Expense for house at Mumbai 900 -900
March 31, 2018 Accumulated Depreciation Expense for house at Indore 230 -1130
March 31, 2018 Accumulated Depreciation Expense for house at Srinagara 600 -1730
March 31, 2018 Accumulated Depreciation Expense for house at Darjeeling270 -2000
Salary Payable
Date Explanation Debit Credit Balance
March 31, 2018 Supervisor Salary Payable 500 -500
Salary Payable
Date Explanation Debit Credit Balance
March 31, 2018 Income Tax Payable 2856 -2856
Unearned Income
Date Explanation Debit Credit Balance
March 31, 2018 Unearned Income from ABC Company 0 5000 -5000
Salary Payable
Date Explanation Debit Credit Balance
March 31, 2018 Fees payable to Consultant for services rendered 0 1000 -1000