Excise -1

• Rakesh started a business with a capital of 10,00,000/-
• Postage expenses paid 1000/-
• Cash deposited into Andhra Bank 2,00,000/-
• Cash paid to Raja 25,000/-
• Freight expenses paid 5,000/-
• Infosys shares bought by Andhra Bank Cheque 100 @ 500/- each
• Cash drawn from Andhra bank 30,000/-
• Interest Received from Raja 3,500/-
• Loan given to Srikanth 50,000/-
• Petty income 1,900/-

Cash-in-hand : 7,54,400  /-                                     Net loss: 600/-

Andhra Bank : 1,20,000/-

Excise -2

• Ravi started a business with a capital of 15,00,000/-
• RC Expenses paid 5000/-
• Cooli Expenses paid 2000/-
• Computer bought for cash 25,000/-
• Cash paid to Rajeev 70,000/-
• Loan Taken from Raju 90,000/-
• Cash deposited into SBI 4,00,000/-
• S.C Bonds bought for SBI Cheque 35,000/-
• Stationary bought for cash 2,250/-
• Cash drawn from Suresh 55,000/-
• Sadar Expenses incurred 950/-

Cash-in-hand : 13,14,800  /-                                     Net profit: 44,800/-

SBI : 1,90,000/-