[ACCOUNTING FOR DECISION MAKING]

Accounting for Decision Making

Project on Retail Outlet
Coimbatore Home Appliances
Vellore
Submitted by
Yeshwanth Kumar.P
16MBA0006

[ACCOUNTING FOR DECISION MAKING]

Subject

: Accounting For Managers

Project Location

: Vellore

Retail Showroom

: Coimbatore Home Appliances

Address of Showroom

Contacted Person

: Mr. Kamal MC, Manager.

No. of Employees

: 15

Average Income of employee

: 8,500/-

Selling Items

: Furniture, Electronics Appliances.

Monthly Sales

: Sales varies from Season to Season. As per the

manager,
In seasonal times Sales will be
upto 4, 00, 000/- per day.

About the Showroom:Coimbatore Home Appliances is the retail outlet which sells furniture & Electronic
Appliance
Like washing machine, refrigerators, air-conditioner, coolers, micro-ovens, TV
sets and other more
Electronic appliances established in 2006 having two branches one is in
bhagayam and another one
Is in Gandhi nagar. The project we are doing is in Gandhi Nagar one.
Mr. Kamal is the manager for this outlet who manages sales & promotion and
also manages
other branch too.

[ACCOUNTING FOR DECISION MAKING]

Transactions for the month of July 2016: July 2: Paid bank interest 8,500/July 5: Bought goods from bagyam (electronic + furniture) (From Chennai
carriage inward Rs7000/July 7: Sold 2 units of Godrej 231Lff 30,000(In Cash) And 1 unit of Samsung 1.5
split A.C-40,000/-(Credit) to Karthick.
July 10: Delivered product that are sold & paid wages 3000/-(total).
July 12: On demand Purchased 4 urban (2 seater sofas) from Vellore furniture for
Rs 42,000/-. Carriage Inward 6,000.
July 13: Issued cheque 42,000/- to Vellore furniture sold 1 unit of whirlpool 6.2 kg
(semi automatic)- 8990(In cash).
July 15: Whirlpool product delivered. Paid electricity + telephone bill Rs 45,000.
July 17: Sold 2 units of Sony bravia 40&43 for 42,000 & 64,000 (in cash) to
Ramesh.
July 18: Sold 1 unit of LG 32L, Microwave 26,000 (in cash) to Kamala & IFB 8 KG
34,500 (in cash) to Naresh.
July 20: Sold 3 units of 1 ton split A/c 36,500(in cash) to Deepak Thakur.
July 23: Cash into bank: 1,40,000.
July 25: Bought 2 computers: 40,000/July 28: Paid salary 1, 27,500/July 30: Sold Godrej interio Vida- 25,214(in cash) to Mohan.

[ACCOUNTING FOR DECISION MAKING]

Book of Coimbatore Home Appliances of Vellore

JOURNAL ENTRIES
Dr
Cr
DATE
2016
July 2nd

July 5th

July 7th

PARTICULARS
Bank A/c
Dr
To Cash A/c
[Being interest paid to bank]
Carriage inward A/c
Dr
To Cash A/c
[Being cash paid for carriage]
Cash A/c
Dr
To Sales A/c
[Being goods sold]

L.F

Debit (Rs.)
8,500

Credit (Rs.)
8,500

7,000
7,000

30,000
30,000

40,000

July 10th

July 12th

Karthick A/c
Dr
To Credit A/c
[Being goods sold for credit]
Wages A/c
Dr
To Cash A/c
[Being wages paid for
delivery]
Purchase A/c
Dr
To Vellore Furniture A/c
[Being goods purchased]

40,000

30,000
30,000

42,000
42,000

6,000

July 13th

Carriage Inward A/c

Dr
To Cash A/c
[Being cash paid for carriage]
Vellore Furniture A/c
Dr
To Bank A/c
[Being cheque issued]

6,000

42,000
42,000

8,990

[ACCOUNTING FOR DECISION MAKING]

July 15th

July 17th

July 18th

July 20th

July 23rd

July 25th

July 28th

July 30th

Cash A/c
Dr
To Sales A/c
[Being goods sold]
Electricity & Telephone A/c
Dr
To Cash A/c
[Being bills paid]
Cash A/c
Dr
To Sales A/c
[Being goods sold]
Cash A/c
Dr
To Sales A/c
[Being goods sold]
Cash A/c
Dr
To Sales A/c
[Being goods sold]
Bank A/c
Dr
To Cash A/c
[Being cash Deposit]
Purchase A/c
Dr
To Cash A/c
[Being computer purchased]
Salary A/c
Dr
To Cash A/c
[Being salary paid]
Cash A/c
Dr
To Sales A/c
[Being goods sold]

8,990

45,000
45,000

1,06,000
1,06,000

60,500
60,500

73,000
73,000

1,40,000
1,40,000

40,000
40,000

1,27,500
1,27,500

25,219
25,219

LEDGER
Cash A/c
Date

Particulars

Rs.

Date

Particulars

Rs.

[ACCOUNTING FOR DECISION MAKING]

7.7.201
6
13.7.20
16
17.7.20
16
18.7.20
16
20.7.20
16
30.7.20
16
31.7.20
16

To
To
To
To
To
To
To

Sales A/c
Sales A/c
Sales A/c
Sales A/c
Sales A/c
Sales A/c
Balance C/d

30,000
8,990
1,06,0
00
60,500
73,000
25,219
73,291

3,77,0
00

2.7.201
6
5.7.201
6
10.7.20
16
12.7.20
16
15.7.20
16
23.7.20
16
25.7.20
16
30.7.20
16

By Bank A/c
By Carriage Inward A/c
By Wages A/c
By Carriage Inward A/c
By Electricity &
Telephone A/c
By Bank A/c
By Purchase A/c
By Salary A/c

8,500
7,000
3,000
6,000
45,000
1,40,0
00
40,000
1,27,5
00

By Balance b/d

3,77,0
00
73,291

1.8.201
6
Sales A/c
Date

31.7.20
16

Particulars

To Balance C/d

Rs.

3,03,709
3,03,709

Date
7.7.2016
13.7.201
6
17.7.201
6
18.7.201
6
20.7.201
6
30.7.201
6

Particulars
Cash A/c
Cash A/c
Cash A/c
Cash A/c
Cash A/c
Cash A/c

Rs.
30,000
8,990
1,06,0
00
60,500
73,000
25,219

By Balance b/d

3,03,7
09
3,03,7
09

By
By
By
By
By
By

1.8.2016

Carriage Inward A/c

Date
5.7.201

Particulars
To Cash A/c

Rs.
7,000

Date

Particulars

Rs.

[ACCOUNTING FOR DECISION MAKING]

6
12.7.20
16

To Cash A/c

6,000
13,000
13,000

To Balance b/d

31.7.201
6

By Balance C/d

13,000
13,000

Rs.
42,000

1.8.201
6
Bank A/c
Date
2.7.201
6
23.7.20
16

Particulars
To Cash A/c
To Cash A/c

To Balance b/d

Rs.
8,500
1,40,000

Date
13.7.20
16

Particulars
By Vellore Furniture
A/c

1,48,000
1,06,500

31.7.20
16

By Balance C/d

1,06,5
00
1,48,0
00

1.8.201
6

Wages A/c
Date
10.7.20
16

Particulars
To Cash A/c

Rs.
3,000
3,000
3,000

To Balance b/d
1.8.201
6

Date
31.7.201
6

Particulars
By Balance C/d

Rs.
3,000
3,000

Particulars
By Balance C/d

Rs.
82,000
82,000

Particulars
By Purchase A/c

Rs.
42,000

Purchase A/c
Date
12.7.20
16
25.7.20
16

Particulars
To Vellore Furniture
A/c
To Cash A/c
To Balace b/d

Rs.
42,000
40,000
82,000
82,000

Date
31.7.201
6

1.8.201
6
Vellore Furniture A/c
Date
12.7.20

Particulars
To Bank A/c

Rs.
42,000

Date
13.7.201

[ACCOUNTING FOR DECISION MAKING]

16

Karthick A/c
Date
7.7.201
6

Particulars
To Credit A/c

Rs.
40,000
40,000
40,000

To Balance b/d
1.8.201
6

Date
31.7.201
6

Particulars
By Balance C/d

Rs.
40,000
40,000

Date
7.7.2016

Particulars
By Karthick A/c

1.8.2016

By Balance b/d

Rs.
40,000
40,000
40,000

Credit A/c
Date
31.7.20
16

Particulars
To Balance C/d

Rs.
40,000
40,000

Electricity & Telephone A/c

Date
15.7.20
16

Particulars
To Cash A/c
To Balance b/d

1.8.201
6

Rs.
45,000
45,000
45,000

Date
31.7.201
6

Particulars
By Balance C/d

Rs.
45,000
45,000

Particulars
By Balance C/d

Rs.
1,27,5
00
1,27,5
00

Salary A/c
Date
28.7.20
16

Particulars
To Cash A/c
To Balance b/d

1.8.201
6

Rs.
1,27,500
1,27,500
1,27,500

Date
31.7.201
6

Trial Balance of Coimbatore Home Appliances as on 31.7.2016

S.

Name of Account

L.F.

Debit balance

Credit

[ACCOUNTING FOR DECISION MAKING]

No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

Cash A/c
Sales A/c
Carriage Inward A/c
Bank A/c
Wages A/c
Purchase A/c
Karthick A/c
Credit A/c
Electricity & Telephone A/c
Salary A/c

balance
73,291
3,03,709
13,000
1,06,500
3,000
82,000
40,000
40,000
45,000
1,27,500

4,17,000

4,17,000

Scope for the future study:We analyzed the monthly transactions of Coimbatore Home Appliance for the month of
July.
The journal, ledger and trial balance was created after that. This is for the first review.
There are still two more reviews remaining.
So for the future study purpose we might consider the annual final account of the
company.
Thus analyzing that we can make the balance sheet of the company.

*** Thank You***