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Accountancy Final Project

12 cbse

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Sashi Tamizha
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7K views15 pages

Accountancy Final Project

12 cbse

Uploaded by

Sashi Tamizha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
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> JOURNAL > LEDGER > TRIAL BALANCE > TRADING & PROFIT & LOSS ACCOUNT [©copyright Acta Mr Hs Kochar decided to stat a TRAVEL WORLD business named SAMSONITE Sales(p) tu. A Trading Company On 1* April 2002 he invested a ‘sam amount of~ 4,80,000 for this purpose ,he took a building costing * 4,00,000 and spent’ 1,00,000 for its overhaul interior and fittings separately to purchase the opening stock which is almost amounted 0 ~1,80,000 he appointed ICICI Bank and secured loan to the extent of 75% of the cost of stock It was agreed that the Loan will be repaid I four equal instalment as follows ‘At the end of 1* year: *90,000436,000 for the interest At the end of 2" year: °90,000+° 27000 for the interest At the end of 3! year: °90,000+" 18,000 for the interest At the end of 4" year “90,000+°9,000 forthe interest ‘Afier commencing the TRAVEL WORD on 1 April, 2002 he had spent some amount Of 10.000 for electric fittings on 5* April 2002 and on 16 April he placed on fixed deposit amount at bank by transferring fiom current account “100,000. on 18" April he spent “40,000 for getting pamphlets printed and distributed. on 18" April goods costing” 20,000 were Sold To Mr. Kapoor at 40% trade discount on 10" July 2002 goods of 50D were returned to Mr. Kapoor on 19% July 2002, ‘Transportation charges for ~100 octroi “150 was paid in cash on 28° Tuly 2002 wade expense charged paid in cash “500. On 30” July 2002 miscellaneous ‘expenses charged for newspaper, tea, coffee etc’ $00. on 15 September 2002 for °10,000 furniture purchased bags from company for “5,000 on 1 October 2002 on credit on 10 October 2002 was made by cheque for" 800 was issued to petty cashier on 1* November 2002 and on Ist December 2002 the company ‘gave 10% commission on sales up to” 4 lakhs on 15" January 2003 Mr. kapoor who owned us “10,000 were declared insolvent and 25 paisa in a rupee is received at the end of year ie. on 31" march 2003 interest 0 loan is paid deprecation on building at 20% on” 4,00,000 salary paid to employees 10,000 ‘cash sales for ~4,00,000 on credit to debtors who paid’ 90,000 cash and rest *80,000 are debtors [©copyright Acta ‘BCopyright Acta Loss by Theft A/c BANK LOAN A/c DIVIDEND A/c [©copyright Acta DEPRICIATION A/c INTREST Ale SALARY A/c [©copyright Acta SALES RETURN Ale Tooke hat Ne 10 [si ‘Toeash Ae PURCHASE RETURN A/c [©copyright Acta BANK CHARGES A/c OCTROI A/c DRAWINGS A/c [©copyright Acta BUILDING Ale D DEBTS Ale [©copyright Acta FURNITURE AND FITTINGS A/c [©copyright Acta TRIAL BALANCE Of H.S KOCHAR AS ON 31" MARCH, 2003 ‘Name Of Account Balance Dr. @) Balance Cr.) Cash in hand gat Purchase account anon Building account 670000 ‘Opening stock #30000 Capital aecount 150.000 Furnitureé fiting account ESM ‘Advertisement Account en Bank account (overdraft) faa Electric fitting Logg fixed deposit 10000

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