Task 5: Master Voucher Entry Challenge (20 Transactions)

Company Name: Horizon Global Technologies | Financial Year: 2026–2027

Student Instructions:

S.No Date Transaction Details Amount (₹)
1 01-Aug-2026 Started business introducing Cash ₹1,50,000, SBI Bank ₹4,00,000, HDFC Bank ₹3,00,000, and Office Computer ₹50,000. 9,00,000
2 02-Aug-2026 Transferred cash from SBI Bank account into HDFC Bank account. 1,00,000
3 04-Aug-2026 Purchased office furniture on credit from Woodcraft Furniture Store. 40,000
4 06-Aug-2026 Purchased goods on credit from Kiran Wholesalers. 1,20,000
5 08-Aug-2026 Sold goods on credit to National Digital Store. 85,000
6 10-Aug-2026 Paid Cash for office stationery supplies. 2,500
7 12-Aug-2026 Received commission income by Cash. 6,000
8 14-Aug-2026 Paid partial amount to Kiran Wholesalers via HDFC Bank Cheque. 70,000
9 16-Aug-2026 Received partial amount from National Digital Store directly into SBI Bank. 50,000
10 18-Aug-2026 Withdrew cash from SBI Bank for office expense balance. 20,000
11 20-Aug-2026 Paid staff salary via SBI Bank Net Banking. 35,000
12 22-Aug-2026 Paid building rent in cash to landlord. 18,000
13 24-Aug-2026 Received interest on fixed deposit credited into HDFC Bank. 4,500
14 25-Aug-2026 Paid internet and telephone charges via HDFC Bank debit card. 3,200
15 26-Aug-2026 Deposited cash into SBI Bank. 15,000
16 27-Aug-2026 Proprietor withdrew cash from business for personal expenses. 12,000
17 28-Aug-2026 Recorded depreciation on Office Computer @ 10%. 5,000
18 29-Aug-2026 Wrote off uncollectible bad debts from an old customer Ramesh Traders. 8,000
19 30-Aug-2026 Provided for outstanding electricity bill due for August month. 4,200
20 31-Aug-2026 Paid full balance owed to Woodcraft Furniture Store via SBI Bank Cheque. 40,000

Shortcut Voucher Cheat Sheet:

F4 (Contra): Cash ↔ Bank transfers  |  F5 (Payment): All Cash/Bank outgoing payments  |  F6 (Receipt): All Cash/Bank incoming receipts
F7 (Journal): Non-cash adjustments & Asset purchases on credit  |  F8 (Sales): Goods sold  |  F9 (Purchase): Goods bought