Dr. Sanjeet Saksena started his clinic in Hamdard Nagar, New Delhi, under the name, Get Well Clinic introducing ₹ 5,50,000 as capital. He deposited the cheque in bank account opened in the name ofGet well Clinic in Axis Bank. Enclosed herwith are the original papres relating to his transactions and other information related to teh profession/business of the month of August, 2018 CGST and SGST @ 6% each is levied on medicines dispensed. Cash recived from Medical Consultancy Services and Sales of Medicine (expect the amount of GST Collected ) is deposited into bank on the next working day. Total Salary of staff is ₹ 40,000per month that is payable on the 3rd of the next month. Depreciation is charged on machinery @ 10% p.a. and on Furniture and Fixtures @20% p.a. Stock of Medicine at the end of the month is ₹ 16,800. Books are maintained following accrual basis of accounting. All the bills were paid through cheque on the same day. Source documents of the transactions are produced below for processing through various stages of the book -keeping cycle. Prepare accounting voucher for each financial transaction and enter , the transaction in the Journal, post them into Ledger, balance the accounts, prepare Bank Reconciliation Statement, draw up a Trail Balance and prepare the final accounts to assess the progress made by Dr. Sanjeet Saksena during the first month.