The Following Would Be Recording In Journal Using Double Entry System. Do The Posting Process From Journal Entries And Prepare The Trial Balance, Trading A/C, Profit & Loss A/C And Balance Sheet In The Books Of M/S. INFOSYS LTD For The Following Year 2009 To 2010

Title of the Budget: Financial Budget

Period of Budget : 1.4.2006 to 31.3.2007

Title of the Budget: Infrastructure Budget

Period of Budget : 1.4.2006 to 31.3.2007

TRANSACTION DURING THE PERIOD:

1. Additional Capital Investing The Amount Of Rs.500000

2. Provision For Bad Debit Rs.50000 Allocate In To P&L A/C

3.Paid Insurance Rs.2500

4. Cash Deposit In Bank Rs.70000

5. Bought On Credit From M/S.Selva Traders Rs.120000 Bill No:25 35days

6. Withdraw From Personal Use Rs.47500

7. Allow Interest On Capital In The Current Balance @ 6%

8. Paid For: Salary: 20000, Wages: 10000

9. Amount Settled To M/S.Selva Traders And Less Trade Discount @ 17%

10. Purchased Furniture Rs.45000 And Computer Rs.35000

11.Goods Sold To M/S.Reliance Ltd Rs.250000 Bill No:35 45days

12.Prepaid Insurance Rs.2500

13.Commission Received Rs.2000

14.Interest On Drawings @ 5%

15.Paid For Telephone Charges Rs.7500, Inward Charges Rs.10000

16.Purchased Typewriter Rs.17500

17.Paid For Rent Rs.12000, Postage Rs.8000

18.Bad Debit Written Off M/S.Reliance Ltd Rs.10000

19.Amount Received From M/S.Reliance Ltd Rs.240000

20.The Bad Debit Amount Adjusted To Provision A/C

21.Withdraw From Bank Rs.20000

22.Bank Loan Settled Rs.47500

23.Bank O/D Settled Rs.50000

24.Purchased Furniture Rs.48500 And Typewriter Rs.12500

25.Paid For Telephone Charges Rs.15000, Inward Charges Rs.7500, Outward Charges Rs.5000, Postage Rs.27500, Fright Charges Rs.7000

26.Purchase Plant & Machinery Rs.5000

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