October 2020

1 1-10-2020 Lalit Kumar Gupta started a business with cash Rs.1600000.

2 5-10-2020 Mr. Gupta deposit cash of Rs.1300000 in to HDFC Bank.
3 7-10-2020 Mr. Gupta issued a cheque for purchase following fixed
assets.
Assets Value Rate of Depreciation
Furniture 25000 10%
Electrical Fitting 12000 10%
Computer 25000 20%
Cell Phone 5000 20%
4 9-10-2020 Mr. Gupta issued a cheque of Rs.25000 to Mishra
Properties towards security for rented office (Rent
Rs.3000/month). Rent started from October 1.
5 10-10-2020 Mr. Gupta issued a cheque of Rs.30000 to Singh Properties
towards security for rented Godown (Rent
Rs.2000/month). Rent started from October 1.
6 15-10-2020 Mr. Gupta appointed following employees.
Name Designation Monthly Salary
Mamta Sharma Sales Executive Rs.5000
Rajesh Sangwan Sales man Rs.3000
Manoj Rathore Accountant Rs.3000
Mahendra Singh Clerk Rs.2500
7 20-10-2020 Mr. Gupta purchased stationary in cash Rs.1500.
8 28-10-2020 Mr. Gupta transferred cash Rs.10000 in to Petty Cash.
9 30-10-2020 Mr. Gupta withdrew cash Rs.4000 for personal use.
 November 2020

10 1-11-2020 Petty cashier submitted the expenses statement for the

month of October.
Telephone Expenses of Rs.500, Electricity Expenses of Rs.1200
Conveyance Expenses of Rs.450, Office Expenses of Rs.850
11 5-11-2020 Mr. Gupta paid cash of Rs.6700 towards salary of October
month (15 days). The details of salary is given below.
Mamta Sharma Rs.2500, Rajesh Sangwan Rs.1500
Manoj Rathore Rs.1500, Mahendra Singh Rs.1200
Salary of employ will be maintain using cost center and cost category.
12 6-11-2020 Mr. Gupta issued a cheque of Rs.5000. This included
Rs.3000 towards office rent and Rs.2000 towards godown
rent of October month.
Rent of office, godown will be maintain using cost center and cost category.
13 15-11-2020 Mr. Gupta purchased following items from Khalsha trading
Company Lucknow (09AAPCD5724T1ZU) on credit.
Item Qty HSN Code Rate Amount GST Total
Rate Value
AC 10 84158310 24000 240000 28% 307200
Ceiling Fan 25 84145120 800 20000 28% 25600
Table Fan 20 84145110 1200 24000 28% 30720
Battery 10 85044010 9000 90000 28% 115200
Total 478720

All Stock items are placed in Nirmal Nagar Godown.

14 24-11-2020 Mr. Gupta purchased following items from Geeta
Enterprises Lucknow (09AABCD8524T1ZU) on credit.
Item Qty HSN Code Rate Amount GST Total
Rate Value
UPS 20 85041010 4000 80000 18% 94400
Invertor 25 85044010 4000 100000 18% 118000
CCTV 20 85258090 2400 48000 18% 56640
LPG Stoves 20 73218910 1400 28000 18% 33040
Total 302080
All Stock items are placed in Nirmal Nagar Godown.
15 29-11-2020 Mr. Gupta withdrew cash Rs.4500 for personal use.
 December 2020
16 1-12-2020 Petty cashier submitted the expenses statement for the
month of November.
Telephone Expenses of Rs.600, Electricity Expenses of Rs.1100
Conveyance Expenses of Rs.400, Office Expenses of Rs.700
17 5-12-2020 Mr. Gupta paid cash of Rs.13500 towards salary of
November month. The details of salary is given below.
Mamta Sharma Rs.5000, Rajesh Sangwan Rs.3000
Manoj Rathore Rs.3000, Mahendra Singh Rs.2500
18 6-12-2020 Mr. Gupta issued a cheque of Rs.5000. This included
Rs.3000 towards office rent and Rs.2000 towards godown
rent of November month.
19 8-12-2020 Mr. Gupta sold following items to Shyam Trading Company,
Lakhimpur Kheri (09AVBCD8556T1ZU) on credit.
Item Qty Rate Amount GST Rate Total Value
AC 2 32000 64000 28% 81920
Ceiling Fan 5 1200 6000 28% 7680
Table Fan 10 1500 15000 28% 19200
Battery 2 10500 21000 28% 26880
Total 135680
20 13-12-2020 Mr. Gupta transferred cash Rs.5000 in to Petty Cash.
21 16-12-2020 Mr. Gupta sold following items to Arvind Traders,
Lakhimpur Kheri (09AABCD8545T1ZU) on credit.
Item Qty Rate Amount GST Rate Total Value
UPS 5 700 35000 18% 41300
Invertor 5 5500 27500 18% 32450
CCTV 5 3200 16000 18% 18880
LPG Stoves 5 1800 9000 18% 10620
Total 103250
22 18-12-2020 Mr. Gupta received a cheque of Rs.135600 from Shyam
Trading Company, in full settlement of bill dated
December
8, 2020.
23 19-12-2020 Mr. Gupta received a cheque of Rs.103000 from Arvind
Traders, in full settlement of bill dated December 16, 2020.
24 20-12-2020 Mr. Gupta issued a cheque of Rs.302000 to Geeta
Enterprises, in full settlement of account.
25 21-12-2020 Mr. Gupta withdrew cash Rs.3500 for personal use.
26 21-12-2020 Mr. Gupta issued a cheque of Rs.478720 to Khalsha Trading
Company.
27 22-12-2020 Mr. Gupta purchased following items from ABC Electronics
Lucknow (09AHHCD6524T1ZU) on credit.
Item Qty HSN Code Rate Amount GST Total
Rate Value
Atta Chakki 10 84378010 5500 55000 5% 57750
LED Lights 20 94054090 150 3000 12% 3360
LED Lumps 15 94055010 650 9750 12% 10920
LED TV 10 85287211 12000 120000 18% 141600
Microwave 10 85165000 6500 65000 28% 83200
Electric Kettle 15 85167100 1200 18000 28% 23040
Total 319870
All Stock items are placed in Nirmal Nagar Godown.
28 23-12-2020 Mr. Gupta purchased following items from Shivam
Electronics New Delhi (07DAXPS0125H1ZL) on credit.
Item Qty HSN Code Rate Amount GST Total
Rate Value
Solar Water 20 84191910 12500 250000 5% 262500
heater
Printers 5 84433210 6500 32500 18% 38350
Washing 20 84798950 7500 150000 28% 192000
Machine
Electric irons 30 85164000 600 18000 28% 23040
Refrigerators 20 84181010 12000 240000 28% 307200
Total 823090
All Stock items are placed in Nirmal Nagar Godown.
29 24-12-2020 Mr. Gupta sold following items to Satish Electronics,
Haryana (Consumer) on credit.
Item Qty Rate Amount GST Rate Total Value
Solar Water heater 5 17500 87500 5% 91875
Washing Machine 10 8800 88000 28% 112640
Electric irons 10 800 8000 28% 10240
Refrigerators 5 15000 75000 28% 96000
Total 310755
30 26-12-2020 Mr. Gupta received a cheque of Rs.310700 from Satish
Electronics, in full settlement of bill dated December 24,
2020.
31 28-12-2020 Mr. Gupta issued a cheque of Rs.319800 to ABC
Electronics,
in full settlement of account.
32 30-12-2020 Mr. Gupta purchased stationary items in cash Rs.2500.