Beruflich Dokumente
Kultur Dokumente
By Anil Kshatriya
6 July 2015 [IMT Nagpur]
Recap
Also if you can help him with his first balance sheet, he will
get a snapshot of his Assets and Liabilities on 30th April 2015.
April 2015
1:Used his personal cash savings of Rs. 50,000 and Furniture
of Rs. 1,00,000 to make a start.
2: Deposited 20,000 in SBI by opening an account.
3. Purchased equipments worth Rs. 50,000 from TBS Co. on
credit.
4. Sold some equipments worth 20,000 for Rs. 30,000 to VPP
and Sons on credit.
8. Incurred transportation expenses of Rs. 1,000.
10. Spent Rs. 5,000 for advertisement.
15. Paid to TBS Rs. 48,000 in full settlement.
18. Received from VPP Rs. 29,000 in final settlement.
20. Bought Machinery of Rs. 1,00,000 by taking a Loan from
his close friend Laxmi.
Date Particulars Debit Credit
1-Apr Cash A/cDr. 50,000
Furniture A/cDr. 1,00,000
To Capital A/C 1,50,000
2 Bank A/c ..Dr. 20,000
To Cash A/c 20,000
3 Purchase A/c.Dr. 50,000
To TBS A/c 50,000
4 VPP A/c...Dr 30,000
To Sales A/c 30,000
8 Transportation Exp. A/cDr. 1,000
To Cash A/c 1,000
10 Advertising Exp. A/c.Dr. 5,000
To Cash A/c 5,000
15 TBS A/c.Dr. 50,000
To Cash A/c 48,000
To Disc. Received A/c 2,000
18 Cash A/c..Dr. 29,000
Disc. Allowed A/c..Dr. 1,000
To VPP A/c 30,000
20 Machinery A/c.Dr. 1,00,000
To Laxmi's Loan A/c 1,00,000
Cash Account
Dr.
Cr.
Particulars Amount(Rs.) Particulars Amount(Rs.)
To Capital 50,000By Bank 20,000
To VPP 29,000By Transportation 1,000
By Advertisement 5,000
By TBS 48,000
By Bal C/f 5,000
Totals 79,000 79,000
Preparing a Ledger Account
Assets Debit
Liabilities Credit
Incomes Credit
Expenses Debit
From the following ledger balances, prepare a trial balance of F.B. Traders as on 31st March, 2011
Investments 15,000