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XI Accounting General Journal Rule 01 Owner Investment

1st Year Accounting General Journal Rule 01 Owner Investment
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



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



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