1. Accounting Concept For Non Accounting Person By Dr. P. K. Jain

2. A Company PK & Co. Started his business with Cash introduce in Business Rs.5,00,000 on 01-01-2009 PK & Co. Balance Sheet (As on 01-01-2009) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital5,00,000Cash5,00,000 Total 5,00,000

3. Purchase Goods from Ram 50000 Date 01-02-2009 PK & Co. Balance Sheet (As on 01-02-2009) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital5,00,000Cash5,00,000 Ram50,000Stock (Purchase)50,000 5,50,000

4. Cash deposited into Bank 20000 15-02-20090 PK & Co. Balance Sheet (As on 15-02-2009) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital5,00,000 Cash(500000- 20000)4,80,000 Ram50,000Stock50,000 Bank20,000 5,50,000

5. Goods Costing Rs.20000 sale to Rs.30000 in cash 25-02-2009 PK & Co. Balance Sheet (As on 25-02-2009) LiabilitiesAmount (in Rs.)AssetsAmount (inRs.) Capital5,00,000Bank20,000 Ram50,000Cash(480000+30000)5,10,000 Profit & Loss10,000Stock30,000 5,60,000 Trading & Profit & Loss A/C ParticularAmountParticularAmount To Opening Stock0.000By Sale30,000 To Direct Exp. Nil To Purchase (From Ram Rs.50000)50,000By Stock (50000-20000)30,000 To Gross Profit10,000 60,000 To Indirect Exp.NILBy Gross Profit10,000 To Net Profit10,000

6. Goods Costing Rs.10000 Sold to Shyam Rs. 8000 Date 01-03-2010 PK & Co. Balance Sheet (As on 01-03-2009) LiabilitiesAmount (in Rs.)AssetsAmount (in Rs.) Capital5,00,000Bank20,000 Ram50,000Cash5,10,000 Profit & Loss8,000Stock20,000 (10000-2000) Shyam8,000 5,58,000 Profit & Loss A/C ParticularAmount (in Rs.)ParticularAmount (in Rs.) To Opening Stock30,000Sale8,000 Net Profit (Loss)-2,000Stock (30000-10000)20,000 28,000

7. Furniture Purchase in Cash Rs. 20,000 Date 15-04-2009 PK & Co Balance Sheet (As on 15-04-2009) LiabilitiesAmount (in Rs.)Assets Amount (in Rs.) Capital5,00,000Bank20,000 Creditor50,000Cash(510000-20000)4,90,000 Profit & Loss8,000Stock20,000 Debtor8,000 Furniture20,000 5,58,000

8. Paid Telephone Bill Rs.5000 and Electricity Bill Rs.2000 Date 01-05-2009 PK & Co. Balance Sheet (As on Date 01-05-2009) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital5,00,000Bank20,000 Ram50,000Cash(490000-7000)4,83,000 Profit & Loss1,000Stock20,000 Shyam8,000 Furniture20,000 5,51,000 Profit & Loss A/C Particular Amount (in Rs.) Particular Amount (in Rs.) Telephone5,000By Balance B/D8,000 Electricity2,000 Net Profit1,000 8,000

9. Building Purchase Rs.100000 Date 15-05-2010 PK & Co. Balance Sheet (As on 15-05-2010) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital5,00,000Bank20,000 Ram50,000 Cash(483000- 100000)3,83,000 Profit & Loss1,000Stock20,000 Shyam8,000 Furniture20,000 Building1,00,000 5,51,000

10. Dividend Received Rs.50,000 from Reliance Co. Date 30-06-2009 PK & Co. Balance Sheet (As on 30-06-2009) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital5,00,000Bank20,000 Ram50,000Cash(383000+50000)4,33,000 Profit & Loss51,000Stock20,000 Shyam8,000 Furniture20,000 Building1,00,000 6,01,000 Profit & Loss A/C Particular Amount (in Rs.) Particular Amount (in Rs.) By Balance B/D1,000 Dividend Received50,000 To Balance C/D51,000

11. Cash withdraw for personal use Rs.5,000Date 15-07-2009 PK & Co. Balance Sheet (As on 15-07-2009) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital 5,00,0004,95,000Bank20,000 Less: Drawing 5,000 Cash (433000- 5000)4,28,000 Net : 4,95,000 Stock20,000 Ram50,000Shyam8,000 Profit & Loss51,000Furniture20,000 Building1,00,000 5,96,000

12. Deposited as a Fixed Deposit 100000 Date 16-08-2009 PK & Co. Balance Sheet (As on 16-08-2009) Liabilities Amount (in Rs.) Assets Amount (In Rs.) Capital 5,00,0004,95,000Bank20,000 Less: Drawing 5,000 Cash (428000- 100000)3,28,000 Net : 4,95,000 Stock20,000 Ram50,000Shyam8,000 Profit & Loss51,000Furniture20,000 Building1,00,000 Fixed Deposit1,00,000 5,96,000 596,000

13. Bike A/c Particular Amount (in Rs.) Particular Amount (in Rs.) To Cash20,000By Balance C/D30,000 To Rajpal Honda10,000 Total30,000 Rajpal Honda Particular Amount (in Rs.) Particular Amount (in Rs.) To Balance C/D10,000By Bike10,000 Total10,000 Bike Purchase Amounting Rs.30000, paid 20000 in cash, & remaining after 30 days from Rajpal Honda Date 01-09-2009 In the Book of PK & Co.

14. Cont. PK & Co. Balance Sheet (As on 01-09-2009 ) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital 5000004,95,000Bank20,000 Less: Drawing 5000 Cash (328000-20000)3,08,000 Net 495000 Stock20,000 Profit & Loss51,000Shyam8,000 Rajpal Honda10,000Furniture20,000 Ram50,000Building1,00,000 Fixed Deposit1,00,000 Bike30,000 6,06,000

15. Cheque Received from Shyam Rs.8000 deposited into Bank Date 20-09-2009 PK & Co. Balance Sheet (As on 20-09-2009) LiabilitiesAmountAssetsAmount Capital 5000004,95,000Bank (20000+8000)28,000 Less: Drawing 5000 Cash3,08,000 Net: 495000 Stock20,000 Profit & Loss51,000Furniture20,000 Rajpal Honda10,000Building1,00,000 Ram50,000Shyam (8000-8000)NIL Fixed Deposit1,00,000 Bike30,000 6,06,000

16. Paid to Ram Rs.50000 in Cash Date 15-10-2009 PK & Co. Balance Sheet (As on 15-10-2009) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital 5,00,0004,95,000Bank28,000 Less: Drawing 5,000 Cash (308000- 50000)2,58,000 Net 4,95,000 Stock20,000 Profit & Loss51,000Furniture20,000 Rajpal Honda10,000Building1,00,000 Ram(50000-50000) NILFixed Deposit1,00,000 Bike30,000 5,56,000

17. Sale Furniture Amt.Rs.25000 Date 15-11-2009 PK & Co. Balance Sheet (As on 15-11-2009) Liabilities Amount (in Rs.)Assets Amount (in Rs.) Capital 5,00,0004,95,000Bank28,000 Less: Drawing 5,000 Cash (258000+25000)2,83,000 Net 4,95,000 Stock20,000 Profit & Loss56,000Building1,00,000 Rajpal Honda10,000Fixed Deposit1,00,000 Bike30,000 FurnitureNIL 5,61,000 Profit & Loss A/C Particular Amount (in Rs.)Particular Amount (in Rs.) By Balance B/D51,000 Profit on sale of furniture5,000 To Balance C/D56,,000 (25000-20000) 56,000

18. Interest Credited by Bank on Fixed Deposit Rs.5000 Date 15-12-2009 PK & Co. Balance Sheet (As on 15-12-2009) Liabilities Amount (in Rs) Assets Amount (in Rs.) Capital 5,00,0004,95,000Bank28,000 Less: Drawing 5,000 Cash2,83,000 Net 4,95,000 Stock20,000 Profit & Loss61,000Building1,00,000 Rajpal Honda10,000Fixed Deposit(100000+5000)1,05,000 Bike30,000 5,66,000 Profit & Loss A/C Particular Amount (in Rs.) Particular Amount (in Rs.) By Balance B/D56,000 Interest Received5,000 To Balance C/D61,000

19. Paid to Rajpal Honda Rs.10000 Date15-12-2009 PK & Co. Balance Sheet (As on 15-12-2009) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital 5,00,0004,95,000Bank28,000 Less: Drawing 5,000 Cash (283000- 10000)2,73,000 Net: 4,95,000 Stock20,000 Profit & Loss61,000Building1,00,000 Rajpal Honda(10000-10000)NILFixed Deposit1,05,000 Bike30,000 5,56,000

20. Paid Income Tax Rs.20000 Date 20-12-2009 PK & Co. Balance Sheet (As on 20-12-2009) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital 5,00,0004,95,000Bank28,000 Less: Drawing 5,000 Cash (273000-20000)2,53,000 Net 4,95,000 Stock20,000 Profit & Loss41,000Building1,00,000 Fixed Deposit1,05,000 Bike30,000 5,36,000 Profit & Loss A/C Particular Amount (in Rs.) Particular Amount (in Rs.) Income Tax20,000By Balance B/D61,000 To Balance C/D41,000 61,000

21. Net Salary Received 50000 and TDS deducted Rs.5000 Date 31-12-2009 PK & Co. Balance Sheet (As on 31-12-2009) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Capital 5,00,0004,95,000Bank (28000+50000)78,000 Less: Drawing 5,000 Cash (273000-20000)2,53,000 Net 4,95,000 Stock20,000 Profit & Loss96,000Building1,00,000 Fixed Deposit1,05,000 Bike30,000 TDS (Salary)5,000 5,91,000 Profit & Loss A/C Particular Amount (in Rs.) Particular Amount (in Rs.) By Balance B/D41,000 To Balance C/D96,000 By Salary (Including TDS)55,000 96,000

22. Thank You