Cash Account Cash Account Code 01 Cr. Rs. Narration No. Date Dr. Rs.

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Presentation transcript:

Cash Account Cash Account Code 01 Cr. Rs. Narration No. Date Dr. Rs. Lecture 1 Cash Account Cash Account Code 01 Cr. Rs. Narration No. Date Dr. Rs. 200,000 Capital Introd. 01 01-01--- 60,000 Goods sold 06 06-01--- 195,000 Cash deposited 02 10,000 15 31-01--- 20,000 Goods purch. 07 08-01--- 225,000 260,000 35,000 Balance 260,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Total

Bank Account Bank Account Code 02 Cr. Rs. Narration No. Date Dr. Rs. Lecture 1 Bank Account Bank Account Code 02 Cr. Rs. Narration No. Date Dr. Rs. 195,000 Cash deposited 02 01-01--- 20,000 Received from B 12 25-01--- 10,000 15 31-01--- 15,000 Furniture purch. 03 02-01--- 50,000 Vehicle purch. 04 03-01--- 5,000 Salaries paid 13 25,000 Paid to Mr. A 11 21-01--- 95,000 225,000 130,000 Balance 225,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Total

Capital Account Capital Account Code 03 Cr. Rs. Narration No. Date Lecture 1 Capital Account Capital Account Code 03 Cr. Rs. Narration No. Date Dr. Rs. 200,000 Capital Introd. 01 01-01--- 200,000 200,000 Balance 200,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Total

Furniture Account Furniture Account Code 04 Cr. Rs. Narration No. Date Lecture 1 Furniture Account Furniture Account Code 04 Cr. Rs. Narration No. Date Dr. Rs. 15,000 Furniture purch. 03 02-01--- 15,000 15,000 Balance 15,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Total

Vehicle Account Vehicle Account Code 05 Cr. Rs. Narration No. Date Lecture 1 Vehicle Account Vehicle Account Code 05 Cr. Rs. Narration No. Date Dr. Rs. 50,000 Furniture purch. 04 03-01--- 50,000 50,000 Balance 50,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Vehicle Account 05 50,000 Total

Purchases Account Purchases Account Code 06 Cr. Rs. Narration No. Date Lecture 1 Purchases Account Purchases Account Code 06 Cr. Rs. Narration No. Date Dr. Rs. 50,000 Goods purch. 05 05-01--- 20,000 07 08-01--- 10,000 Purchase return 08 10-01--- 10,000 70,000 60,000 Balance 70,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Vehicle Account 05 50,000 Purchases Account 06 60,000 Total

Mr. A (Supplier) Mr. A (Creditor) Account Code 07 Cr. Rs. Narration Lecture 1 Mr. A (Supplier) Mr. A (Creditor) Account Code 07 Cr. Rs. Narration No. Date Dr. Rs. 10,000 Purchase return 08 10-01--- 25,000 Paid to Mr. A 11 21-01--- 50,000 Goods purch. 05 05-01--- 50,000 35,000 15,000 Balance 50,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Vehicle Account 05 50,000 Purchases Account 06 60,000 Mr. A (Creditor) 07 Total

Sales Sales Account Code 08 Cr. Rs. Narration No. Date Dr. Rs. 60,000 Lecture 1 Sales Sales Account Code 08 Cr. Rs. Narration No. Date Dr. Rs. 60,000 Goods sold 06 06-01--- 40,000 09 12-01--- 5,000 Sales return 10 18-01--- 100,000 5,000 95,000 Balance 100,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Vehicle Account 05 50,000 Purchases Account 06 60,000 Mr. A (Creditor) 07 Sales 08 95,000 Total

Mr. B (Customer) Mr. B (Debtor) Account Code 09 Cr. Rs. Narration No. Lecture 1 Mr. B (Customer) Mr. B (Debtor) Account Code 09 Cr. Rs. Narration No. Date Dr. Rs. 40,000 Goods sold 09 12-01--- 5,000 Sales return 10 18-01--- 20,000 Received from B 12 25-01--- 25,000 40,000 15,000 Balance 40,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Vehicle Account 05 50,000 Purchases Account 06 60,000 Mr. A (Creditor) 07 Sales 08 95,000 Mr. B (Debtor) 09 Total

Salaries Salaries Account Code 10 Cr. Rs. Narration No. Date Dr. Rs. Lecture 1 Salaries Salaries Account Code 10 Cr. Rs. Narration No. Date Dr. Rs. 5,000 Salaries paid 13 31-01--- 5,000 5,000 Balance 5,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Vehicle Account 05 50,000 Purchases Account 06 60,000 Mr. A (Creditor) 07 Sales 08 95,000 Mr. B (Debtor) 09 Salaries 10 5,000 Total

Expenses Expenses Account Code 11 Cr. Rs. Narration No. Date Dr. Rs. Lecture 1 Expenses Expenses Account Code 11 Cr. Rs. Narration No. Date Dr. Rs. 20,000 Exp. accrued 14 31-01--- 20,000 20,000 Balance 20,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Vehicle Account 05 50,000 Purchases Account 06 60,000 Mr. A (Creditor) 07 Sales 08 95,000 Mr. B (Debtor) 09 Salaries 10 5,000 Expenses 11 20,000 Total

Expenses Payable Expenses Payable Account Code 12 Cr. Rs. Narration Lecture 1 Expenses Payable Expenses Payable Account Code 12 Cr. Rs. Narration No. Date Dr. Rs. 20,000 Exp. accrued 14 31-01--- 20,000 20,000 Balance 20,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Vehicle Account 05 50,000 Purchases Account 06 60,000 Mr. A (Creditor) 07 Sales 08 95,000 Mr. B (Debtor) 09 Salaries 10 5,000 Expenses 11 20,000 Expenses Payable 12 Total 330,000

Name Of The Organization (Ali Traders) Lecture 1 Name Of The Organization (Ali Traders) Trial Balance As On ( January 31, 20--) Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Vehicle Account 05 50,000 Purchases Account 06 60,000 Mr. A (Creditor) 07 Sales 08 95,000 Mr. B (Debtor) 09 Salaries 10 5,000 Expenses 11 20,000 Expenses Payable 12 Total 330,000

Trial Balance As On January 31, 20-- Lecture 1 Ali Traders Trial Balance As On January 31, 20-- Title of Account Code Dr. Rs. Cr. Rs. Cash Account 01 35,000 Bank Account 02 130,000 Capital Account 03 200,000 Furniture Account 04 15,000 Vehicle Account 05 50,000 Purchases Account 06 60,000 Mr. A (Creditor) 07 Sales 08 95,000 Mr. B (Debtor) 09 Salaries 10 5,000 Expenses 11 20,000 Expenses Payable 12 Total 330,000

Ali Traders Profit and Loss Account Lecture 1 Ali Traders Profit and Loss Account Name of the Entity (Ali Traders) Profit and Loss Account for the Month Ending January 31, 20-- Debit Credit Particulars Rs. Cost of Sale (Purchases) 60,000 Income 95,000 Gross Profit (income – Cost of Sale) 35,000 Total Admin Expenses Salaries 5,000 Expenses 20,000 25,000 Net Profit (gross Profit – expenses) 10,000

Ali Traders Profit and Loss Account Lecture 1 Ali Traders Profit and Loss Account Name of the Entity (Ali Traders) Profit and Loss Account for the Month Ending January 31, 20-- Particulars Amount Rs. Income / Sales / Revenue Less: Cost of Goods Sold 95,000 (60,000) Gross Profit Less: Administrative Expenses (25,000) 35,000 Net Profit 10,000