Mr.

Sharma started ABC consulting service with 600,000

Element
Share capital Mr sharma Liability Increase
cash Assets Increase

Balance Sheet
Assets Amount Liability Amount
cash 600,000.00 Share capital 600,000.00
Total 600,000.00 600,000.00

2 Cash deposited to Nabil bank Rs 400000

Element
Cash Assets Decrease Cr 1,000,000.00
Nabil bank Assets Increase Dr 1,000,000.00

Balance sheet
Assets Amount Liability Amount
Nabil bank 1,000,000.00
Cash (1,000,000.00)
Total - -

3 Purchased computer of Rs 40000 in cash

Element
Cash Assets Decrease 40,000.00
Computer Assets Increase 40,000.00

Balance Sheet
Assets Amount Liability Amount
Cash (40,000.00)
Computer 40,000.00
Total - 0

4 Office rent paid Rs 6000 in cash

Element
Office Rent 6,000.00 Expenses Increase Dr
Cash 6,000.00 Assets Decrease Cr

PL
Expenses Amount Income Amount
Office Rent 6,000.00 Reserve and surplus 6,000.00
Carry fordward to BS
Total 6,000.00 6,000.00
Here, expenses is greater then income so loss occurred

Balancesheet
Assets Amount Liability Amount
Cash (6,000.00) Share capital
Less: Loss (6,000.00)
Add: Profit
Total (6,000.00) (6,000.00)

4 Mobile phone deposit ammount paid Rs 2000 for postpaid line subscription
Element
communication expenses increase dr pl
cash assets decrease cr bs

PL
Expenses amount Income Amount
communication 2000 Reserve and surplus(loss) 2000
Total 2000 2000

Balancesheet
Assets Amount Liability amount
Cash (2,000.00) share capital
Less: Loss (2,000.00)
(2,000.00) (2,000.00)

Receive invoice from Raj Travels for Rs 6600 this include Rs 2900 towards tour charge and RS 3700 toward
outstation undertaken by Mr.Sharma . The bill pertains for November and December.

Element
Travelling expense 6600 expenses increase dr
Raj Travels 6600 sundry creditors increase cr

pl
Expenses Amount Income amount
Travelling expense 6600 Reserve andsurplus (loss) 6600

Total 6600 6600

Balance sheet
Assets Amount liability Amount
share capital (loss) (6,600.00)
sundry creditors 6600
Total - -

7.Rs 40,000 paid in cash to purchase acomputer. Useful life 4 years.

Element
Computer Assets Increase Dr 40,000.00
Cash Assets Decrease Cr 40,000.00

Journal Computer Dr 40,000.00

Cash Cr 40,000.00
Balance sheet
Assets Amount Liability Amount
Computer 40,000.00
Cash (40,000.00)
Total - -

8. Rs 30,000 paid by cheque as security deposit of office space . Rent starts from 1st january and monthly rent should be
paid within a week of month end .
Element
Security deposit Increase Dr Assets BS
Nabil bank Decrease Cr Assets BS

Security deposit Dr 30,000.00

Nabil bank Cr 30,000.00

Balance sheet
Asstes Amount Liability Amount
Security deposit 30,000.00
Nabil bank (30,000.00)
Total - -

9. Purchase the following fixed assets and paid by cheque.

1. Furniture and fixtures -Rs 50,000 (useful life 6 years )
2. Electrical accessories - Rs 10,000 (useful life 4 years
3. Mobile set (for office use) - Rs 15,000 (useful life 4 years )
4. Air conditioner - Rs 30,000 (useful life 6 years)

Element

Furniture and fixtures Assets 50,000.00 Increase Dr

Electrical accessories Assets 10,000.00 Increase Dr
Mobile set Assets 15,000.00 Increase Dr
Air Conditioner Assets 30,000.00 Increase Dr
Nabil bank Assets 105,000.00 Decrease Cr

Journal
Furniture and fixtures 50,000.00 Dr
Electrical accessories 10,000.00 Dr
Mobile set 15,000.00 Dr
Air Conditioner 30,000.00 Dr
Nabil bank 105,000.00 Cr

Balancesheet
Assets Amount Liability Amount
Furniture and fixtures 50,000.00
Electrical accessories 10,000.00
Mobile set 15,000.00
Air Conditioner 30,000.00
Nabil Bank (105,000.00)
Total - -

10. Mobile phone deposit amount paid Rs 2,000 for postpaid line subcription .

Element
Communication expenditure Expenses Increase 2,000.00 dr
Cash Assets Decrease 2,000.00 cr

Journal
Communication expenditure 2,000.00 Pl
Cash 2,000.00 Bs

Profit and loss acoount

Expenses Amount Income Amount
Communication expenditure 2,000.00 Reserve and surplus (loss) 2,000.00
Total 2,000.00 2,000.00

Balance sheet
Assets Amount Liability Amount
Cash (2,000.00) Share capital
less: loss (2,000.00)

Total (2,000.00) (2,000.00)

11. Invoice received for Rs 7,000 from fine printing services for printing and stationery .

Element
Printing and stationery Expenses Increase 9200 dr
Peoples stationery liability Increase 9200 cr

Journal
Printing and stationery dr 9200
Peoples stationery cr 9200

Pl account
Expenses Amount Income Amount
Printing and stationery 9,200.00 Reserve and surplus (loss) 9,200.00

Total 9,200.00 9,200.00

Balancesheet
Assets amount Liability Anount
Share capital
Less ; Loss (9,200.00)
Peoples stationery 9,200.00
Total - -

12 . Stationery items purchased Rs 9,200 from peoples stationery on creditfor office .

Stationery items Expenses Increase Dr

Peoples Stationery liability Increase Cr
88. The cheque of everest interiors for Rs30,000has bounced. This effect was informed to Everest interiors and they promised

Element
Nabil bank Assets Decrease Cr 30,000.00
Everest interiors Assets Increase Dr 30,000.00

Baance sheet

Assets Amount Liability Amount

Everest interiors 30,000.00
Nabil bank (30,000.00)
Total - -

80. The company entered into a contract with Three Star Consulting for providing services at an agreed price of RS 35,000. An

Nabil bank Assets Increase Dr 10,000.00

Three Star consulting Liability Increase Cr 10,000.00

Assets Amount Liability Amount

Nabil bank 10,000.00 Three Star consulting 10,000.00
Total 10,000.00 10,000.00
 A+E=L+I

Cr 600,000.00 BS
Dr 600,000.00 BS

PL
BS
 2000
2000

pl
bs
 BS
BS

monthly rent should be

30,000.00
30,000.00

BS
BS
BS
BS
BS

Pl
Bs
 pl
bs

nteriors and they promised to pay the amount on few days.

reed price of RS 35,000. An advanced of Rs 10,000 was received by cheque.

 1. Mr sharma started ABC consulting services in with RS 6,00,000.
Element
Share capital Mr sharma Liability Increase Cr 600,000.00 BS
Cash Assets Increase Dr 600,000.00 BS

Journal
Cash Dr 600,000.00
Share capital Mr sharma Cr 600,000.00

Balance sheet
Assets Amount Liability Amount
Cash 600,000.00 Share capital Mr sharma 600,000.00

Total 600,000.00 600,000.00

2. Bank account opened and deposited cash Rs4,00,000 in Nabil bank.

Element
Nabil Bank Increase Assets Dr 100,000.00 BS
Cash Decrease Assets Cr 100,000.00 BS

Journal Nabil bank Dr 100,000.00

Cash Cr 100,000.00
Balance sheet
Assets Amount Liability Amount
Nabil Bank 100,000.00
Cash (100,000.00)
Total - -
Particulars 2078/79 2079/80 2080/81 2081/82 Total
SALES 500,000.00 600,000.00 300,000.00 250,000.00 1,650,000.00

Data
Particulars Sum of 2078/79 Sum of 2079/80 Sum of 2080/81 Sum of 2081/82 Sum of Total
SALES 500,000.00 600,000.00 300,000.00 250,000.00 1,650,000.00
Total Result 500,000.00 600,000.00 300,000.00 250,000.00 1,650,000.00

Data
Particulars Sum of 2079/80 Sum of 2078/79 Sum of 2080/81 Sum of 2081/82
SALES 600,000.00 500,000.00 300,000.00 250,000.00
Total Result 600,000.00 500,000.00 300,000.00 250,000.00

1800000

1600000

1400000

1200000
Data Sum of 2079/80
1000000 Sum of 2078/79
800000 Sum of 2080/81
Sum of 2081/82
600000 Sum of Total

400000

200000

0
SALES Total Result

Name Income
Ram
Hari
Ram
Hari
Ram
Sum of Total
1,650,000.00
1,650,000.00
 Date Bill no Party name Vat number Gross value
2079.03.26 417 other party 2,099,323.88
2079.3.26 416 other party 2,528,000.00
2079.3.25 415 Shyam suppliers 300122969 320,000.00
2079.3.5 367 Pokhreli thapa constructon 303119397 1,022,000.00
2079.3.5 368 Indrawati gaupalika 41,592.92
2079.3.5 369 Shree gorkha bus gana chautrara 102,068.95
2079.3.13 370 District police office 254,575.02
2079.3.13 372 Jilla sammanbhaye samiti office 31,815.92
2079.9.13 373 Nawalpur police office 38,938.05
2079.3.13 374 Hudanga motorbato nirman 80,796.46
2079.3.13 375 Bageshwori tol bikas samiti 58,760.00
2079.3.13 376 Bageshwori tol bikas samiti 29,380.00
2079.3.19 377 Health Office 71,139.81
2079.3.19 378 Bhu tatha jaladhar managemment office 57,697.33
2079.3.19 380 Jilla nirbachan karyalaye 33,426.53
2079.3.19 381 Kosh tatha lekha niyentrand karyalaye 21,260.08
2079.3.19 382 Chautara sagachowk nagarpaliaka 282,973.44
2079.3.20 383 Water resource and irrigaton development office 80,818.56
2079.3.20 384 Krishi pariyojana karyalaye 34,660.16
2079.3.20 385 Infrastructuredevelopment office 220,426.99
2079.3.20 386 Gharelu tatha sana udhyog karyalaye 18,119.46
2079.3.20 387 Silpa bikas tatha sammanbhayan ekai 43,494.68
2079.3.20 388 Jugal gaupalika 61,946.90
2079.3.20 389 Khadya tatha posad surakxya sudhar aayojana 41,796.80
2079.3.20 390 Tudey khola 35,256.62
2079.3.20 391 Bagkhor siradhar pipalbot motorbato 132,643.36
2079.3.20 392 Sadan sahari tatha bhawan nirman aayojana 18,623.89
2079.3.20 393 Sadan sahari tatha bhawan nirman aayojana 38,620.34
2079.3.20 394 Division forest office 56,839.99
2079.3.20 395 Water resource and sanitation division 33,191.14
2079.3.20 396 Chautara Hospital 91,549.28
2079.3.20 397 Bhu tatha jaladhar managemment office 31,171.00
2079.3.20 398 Jilla nirbachan karyalaye 24,856.31
2079.3.20 399 Chautara Hospital 139,109.26
2079.3.22 400 Jilla malpot karyalaye 18,936.04
2079.3.22 401 Jilla malpot karyalaye 44,247.78
2079.3.23 402 Chautara sagachowk nagarpaliaka 60,415.92
2079.3.23 403 Jilla prasasan karyalaye 132,667.10
2079.3.23 404 Prabhat nirman sewa 288,000.00
2079.3.23 405 Jilla sammanbhaye samiti office 31,574.34
2079.3.23 406 Sipatar gahttetol sangkhola 93,600.00
2079.3.23 407 Water resource and irrigaton development office 12,320.35
2079.3.23 408 Water resource and irrigaton development office 13,929.20
Exempt Value Taxable value VAT Receivale from party
2,099,323.88 272,912.10 2,372,235.98
2,528,000.00 328,640.00 2,856,640.00
320,000.00 41,600.00 361,600.00
1,022,000.00 132,860.00 1,154,860.00
41,592.92 5,407.08 47,000.00
102,068.95 13,268.96 115,337.91
254,575.02 33,094.75 287,669.77
31,815.92 4,136.07 35,951.99
38,938.05 5,061.95 44,000.00
80,796.46 10,503.54 91,300.00
58,760.00 7,638.80 66,398.80
29,380.00 3,819.40 33,199.40
71,139.81 9,248.18 80,387.99
57,697.33 7,500.65 65,197.98
33,426.53 4,345.45 37,771.98
21,260.08 2,763.81 24,023.89
282,973.44 36,786.55 319,759.99
80,818.56 10,506.41 91,324.97
34,660.16 4,505.82 39,165.98
220,426.99 28,655.51 249,082.50
18,119.46 2,355.53 20,474.99
43,494.68 5,654.31 49,148.99
61,946.90 8,053.10 70,000.00
41,796.80 5,433.58 47,230.38
35,256.62 4,583.36 39,839.98
132,643.36 17,243.64 149,887.00
18,623.89 2,421.11 21,045.00
38,620.34 5,020.64 43,640.98
56,839.99 7,389.20 64,229.19
33,191.14 4,314.85 37,505.99
91,549.28 11,901.41 103,450.69
31,171.00 4,052.23 35,223.23
24,856.31 3,231.32 28,087.63
139,109.26 18,084.20 157,193.46
18,936.04 2,461.69 21,397.73
44,247.78 5,752.21 49,999.99
60,415.92 7,854.07 68,269.99
132,667.10 17,246.72 149,913.82
288,000.00 37,440.00 325,440.00
31,574.34 4,104.66 35,679.00
93,600.00 12,168.00 105,768.00
12,320.35 1,601.65 13,922.00
13,929.20 1,810.80 15,740.00
Date Bill No Party Name Vat number Gross value Exempt value
2079.3.3 7903-300070876 Nepal oil corporation ltd 300047060 1,755,528.72
2079.3.5 7903-300071119 Nepal oil corporation ltd 300047060 1,301,286.99
2079.3.12 7903-300072531 Nepal oil corporation ltd 300047060 1,750,252.14
2079.3.14 7903-300073171 Nepal oil corporation ltd 300047060 1,711,628.19
2079.3.17 7903-300074149 Nepal oil corporation ltd 300047060 1,750,252.14
2079.3.22 7903-300075275 Nepal oil corporation ltd 300047060 1,808,189.22
2079.3.27 7903-300076127 Nepal oil corporation ltd 300047060 1,808,189.22
2079.3.27 145 Bhadrakali petrolpump 102836445 1,500,000.00
2079.3.28 148 Bhadrakali petrolpump 102836445 1,450,000.00
Taxable value VAT Gross with VAT
1,755,528.72 228,218.73 1,983,747.45
1,301,286.99 169,167.31 1,470,454.30
1,750,252.14 227,532.78 1,977,784.92
1,711,628.19 222,511.66 1,934,139.85
1,750,252.14 227,532.78 1,977,784.92
1,808,189.22 235,064.60 2,043,253.82
1,808,189.22 235,064.60 2,043,253.82
1,500,000.00 195,000.00 1,695,000.00
1,450,000.00 188,500.00 1,638,500.00
Party Name Vat number Gross value Exempt value Taxable value
Nepal oil corporation ltd 2100329420 11,885,326.62 11,885,326.62
Bhadrakali petrolpump 205672890 2,950,000.00 2,950,000.00
VAT Gross with VAT
1,545,092.46 13,430,419.08
383,500.00 3,333,500.00
S.N Particulars Dr Amount Cr Amount
1 Cash 600,000.00
Share Capital 600,000.00
2 Cash 400,000.00
Nabil Bank 400,000.00
3 Computer 40,000.00
Cash 40,000.00
4 Security Deposit 30,000.00
Nabil bank 30,000.00
5 Furniture 50,000.00
Electrical Accessories 10,000.00
Mobile set 15,000.00
Air Conditioner 30,000.00
Nabil Bank 105,000.00
6 Cash 2,000.00
Communication 2,000.00
7 Printing and stationery 9,200.00
People's Stationery 9,200.00
8 Nabil Bank 25,000.00
A2Z Decorating 25,000.00
9 Nabil Bank 25,000.00
Cash 25,000.00
10 Fine Printing Services 7,000.00
Printing and stationery 7,000.00
11 Office Maintenance 750.00
Cash 750.00
Total 1,243,950.00 1,243,950.00
Particulars Dr Amount Cr Amount Classsification Location Impact
CASH 600,000.00 467,750.00 Assets Bs Double
SHARE CAPITAL 600,000.00 liability Bs Increase
NABIL BANK 450,000.00 135,000.00 Assets Bs Double
COMPUTER 40,000.00 Assets Bs Increase
SECURITY DEPOSIT 30,000.00 Assets Bs Increase
FURNITURE 50,000.00 Assets Bs Increase
ELECTRICAL ACCESSORIES 10,000.00 Assets Bs Increase
MOBILE SET 15,000.00 Assets Bs Increase
AIR CONDITIONER 30,000.00 Assets Bs Increase
COMMUNICATION 2,000.00 expenses Pl Increase
PRINTING AND STATIONERY 16,200.00 expenses Pl Increase
PEOPLE'S STATIONERY 9,200.00 liability BS Increase
A2Z DECORATING 25,000.00 liability Bs Increase
FINE PRINTING SERVICES 7,000.00 liability Bs Increase
OFFICE MAINTENANCE 750.00 expenses Pl Increase
Total 1,243,950.00 1,243,950.00
 Gross Value Depreciation
Assets Additions( Additions Accumulated
upto 2020-2021 during upto 2077-78 Upto 2076-77 (During
upto 2077-78
year) year)
 Net Value

WDV upto 2076-77 WDV upto 2077-78

Depreciation calculation sheet

Addition
Particulars Pool Openinig WDV Total
Poush Chaitra Ashar
Air Conditioner B - 30,000.00 - - 30,000.00
Computer B - 40,000.00 - - 40,000.00
Electrical Accessories B - 10,000.00 - - 10,000.00
Furniture and Fixtures B - 50,000.00 - - 50,000.00
Mobille Set B - 15,000.00 - - 15,000.00
Office Equipments B - 12,000.00 - - 12,000.00
Total
 Depreciation
Total Net Value(PPE)
Poush Chaitra Ashar
7,500.00 - - 7,500.00 22,500.00
10,000.00 - - 10,000.00 30,000.00
2,500.00 - - 2,500.00 7,500.00
12,500.00 - - 12,500.00 37,500.00
3,750.00 - - 3,750.00 11,250.00
3,000.00 - - 3,000.00 9,000.00
39,250.00 117,750.00
Taxable purchase VAT Taxable sales Vat Net impact (payable)/Receivable
961,874.25 125,043.65 3,316,296.51 431,118.55 (306,074.89)
Previous vat due