XI Accounting General Journal Rule 01 Owner Investment

1st Year Accounting General Journal Rule 01 Owner Investment

Mr. Tariq started business with cash investment of Rs.10,000

Owner investment 1000.

Proprietor invest cash 100,000 in his business

Mr Crazy Bring Cash 200,000 in his business

Mr paglooo ka pagal start business with capital 100,000

Mrs Tension Commenced business With cash 250,000

Example # 1:

2018 January 1:  Mr. Tariq started business with cash investment of Rs.100,000.

Date	Particular	P/R	Debit	Credit
2018 Jan   01	Cash       Capital To record Owner Investment		100,000	100,000

2018 January 1: Owner investment 1000.

Date	Particular	P/R	Debit	Credit
2018 Jan   01	Cash       Capital To record Owner Investment		1000	1000

2018 January 1

Proprietor invest cash 100,000 in his business

Date	Particular	P/R	Debit	Credit
2018 Jan   01	Cash       Capital To record Owner Invest cash		100,000	100,000

2018 January 1 Mr Crazy Bring Cash 200,000 in his business

Date	Particular	P/R	Debit	Credit
2018 Jan   01	Cash       Capital To record Owner Invest cash		200,000	200,000

2018 Jan  01 Mr paglooo ka pagal start business with capital 100,000

Date	Particular	P/R	Debit	Credit
2018 Jan   01	Cash       Capital To record Owner Invest cash		100,000	100,000

2018 jan 01 Mrs Tension Commenced business With cash 250,000

Date	Particular	P/R	Debit	Credit
2018 Jan   01	Cash       Capital To record Owner Invest cash		250,000	250,000

Now practice time

1.Owner make additional Investment 150,000

2. Mr You Invest cash in his business 250,000

3. mr Tariq start business with investment 350,000

3. M/S dk Brothers Commence Business With Cash 400,000

4. Mr & Mrs Tension Start business with 2 rs cash 

5. mr crazy has balance in cash 2000 and bank 4000

Now practice time

jan 1 2018.Owner make additional Investment 150,000

Date	Particular	P/R	Debit	Credit
2018 Jan   01	Cash       Capital To record Owner Invest cash		150,000	150,000

jan 2. Mr You Invest cash in his business 250,000

Date	Particular	P/R	Debit	Credit
2018 Jan   02	Cash       Capital To record Owner Invest cash		250,000	250,000

Jan 3. mr Tariq start business with investment 350,000

Date	Particular	P/R	Debit	Credit
2018 Jan   03	Cash       Capital To record Owner Invest cash		350,000	350,000

Trading topics

1st year accounting General Journal Test 02

General Journal 1st year Accounting Test written by Tariq Aziz

Jan 4. M/S dk Brothers Commence Business With Cash 400,000

Date	Particular	P/R	Debit	Credit
2018 Jan   04	Cash       Capital To record Owner Invest cash		400,000	400,000

Jan 5. Mr & Mrs Tension Start business with 2 rs cash 

Date	Particular	P/R	Debit	Credit
2018 Jan   05	Cash       Capital To record Owner Invest cash		2	2

Jan 6. mr crazy has balance in cash 2000 and bank 4000

No Entry


Rule 1(B)

2018 Jan 01 Owner Invest Cash 2000 and furniture 5000 in his business.

2018 Jan 01 Mr Fanter Start business with Cash 200,000 , building 500,000 and Equipment 300,000 in his business.

2018 Jan 01 bakheel invest land 100 and equipment 200 in his business.

2018 Jan 01 M/S pagaloo ka pagal commenced business with cash 1000 , supplies 2000, furniture & Fixture 3000, Machinery 4000 and equipment 5000 in business.

2018 Jan 01 Miss Trouble start business with cash and equipment in her business 2000 and 3000 respectively

2018 Jan 01 Owner Invest Cash 2000 and furniture 5000 in his business.

Date	Particular	P/R	Debit	Credit
2018 Jan  01	cash furniture       capital  To record Owner Investment		2000 5000	7000

2018 Jan 01 Mr  Fanter Start business with Cash 200,000 , building 500,000 and Equipment 300,000 in his business.

Date	Particular	P/R	Debit	Credit
2018 Jan  01	Cash Building Equipment       Capital  To record Owner Investment		200,000 500,000 300,000	1,000,000

2018 Jan 01 bakheel invest land 100 and equipment 200 in his business.

Date	Particular	P/R	Debit	Credit
2018 Jan  01	Land Equipment       capital  To record Owner Investment		100 200	300

2018 Jan 01 M/S pagaloo ka pagal commenced business with cash 1000 , supplies 2000, furniture & Fixture 3000, Machinery 4000 and equipment 5000 in business.

Date	Particular	P/R	Debit	Credit
2018 Jan  01	Cash Supplies Furniture & Fixture Machinery Equipment       Capital  To record Owner Investment		1000 2000 3000 4000 5000	15000

2018 Jan 01 Miss Trouble start business with cash and equipment in her business 2000 and 3000 respectively 

Date	Particular	P/R	Debit	Credit
2018 Jan  01	cash Equipment       capital  To record Owner Investment		2000 3000	5000

Now practice time

Owner Start business with cash furniture and building in his business 2000 , 3000 and 4000 respectively

Mr Tariq invest cash 5000 and furniture 6000 and Equipment 7000 in his business

M/s Tariq & Co Start business with Supplies 500 and land 60,000.

Owner Start business with cash furniture and building in his business 2000 , 3000 and 4000 respectively.

Date	Particular	P/R	Debit	Credit
2018 Jan  01	Cash Furniture Building       Capital  To record Owner Investment		2000 3000 4000	9000

Mr Tariq invest cash 5000 and furniture 6000 and Equipment 7000 in his business.

Date	Particular	P/R	Debit	Credit
2018 Jan  01	Cash Furniture Equipment       Capital  To record Owner Investment		5000 6000 7000	18000

M/s Tariq & Co Start business with Supplies 500 and land 60,000.

Date	Particular	P/R	Debit	Credit
2018 Jan  01	Supplies Land       Capital  To record Owner Investment		500 60,000	60,500