Bikash Mishra recently formed a financial services and consulting firm in Nepal. He was very busy during the first month and has not yet had an opportunity to install his computerized accounting package. But, he did understand the need to keep track of all transactions as they occurred. Following is a manual journal that he maintained for transactions occurring during January. All amounts are in the Nepalese rupee (NPR).

Bikash has requested that you prepare a ledger of the company’s accounts, and post these transactions to determine the balance of each account. He needs this data in order to begin the process of transitioning to his new computerized accounting system.

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GENERAL JOURNAL Date 02-Jan-X5 Cash Accounts Capital Stock Bikash invested cash in exchange for stock Debits 1,000,000 Page 1 Credits 1,000,000