Mr.Sumit,started his own business under the name of chaudhary sons ,at ramghat road aligarh on april 1, 2012,to deal in a dress material He intro duce Rs 500000 as capital out of which 10000 was in cash and balance by cash enclose herewith are original paper related to his business transaction for the month of april 2012

let us analyse the transaction on the basic of these papaer and process the information through various stage of the book keeping cycle .we shall prepare voucher for each fianacial transaction and then enter the transaction in the journal, post them into leger , balance the account ,draw up a trail balance and prepare the final account so that we can get some idea of the progress made by chaudharysons during the first month

voucher -- (credit voucher would b made)

credit: capital account (amt.) 10,000

(being cash introduced in the business)

(and transfer voucher for remaininf transaction if any in this entry..)

journal ----

cash (dr.) 10,000

assets(dr.) 4,90,000

to capital 5,00,000

(being business commenced.)

ledger ---

casha/c

(dr. side) to capital 10,000

(cr. side) by balance c/d 10,000

assets a/c --

(dr. side) to capital 4,90,000

(cr.side) by balance c/d 4,90,000

capital account --

(dr. side) to balance c/d 5,00,000

(cr. side) by cash a/c 10,000

by assets a/c 4,90,000

trial balance----

(dr.balance) cash -10,000

assets -4,90,000

(cr. balance) capital - 5,00,000

now,

trading account --

no stocks so no trading. (more info. should b provided.)

p/l a/c --

( more info. needed) no indirect expenses or revenue.

balance sheet --

liabilities --- capital 5,00,000

assets -- cash 10,000 and asstes --4,90,000

HOPE THIS WOULD HELP YOU