Final A/c

PO - Business
Trading / NM business Manufac business NPO
Trading A/c Manufacturing A/c - CoP R&P A/c - CFS
P&L A/c Trading A/c - GP I&E A/c - Surplus / Deficit
B/s P&L A/c - NP SoA / B/s
CFS B/s - Total A&L
CFS

Manufacturing A/c (RM & WIP) Trading A/c (FG related items)
To OS WIP By Scrap sales / NRV of BP To OS of FG By Sales
To RM consumed By Cost of production To Cost of ProductionBy CS of FG
OS + Purch - CS of RMBy CS of WIP To GP
To Factory related expenses
Factory rent P&L A/c
Indirect / Direct Wages To exp incurred By GP
Carriage / Frieght inwards To NP By Indirect income
Indirect / Direct material Commn earned
Power & Fuel Int earned
Lighting Disc recd
Coal Div earned
Repairs on P&M Bad debts recovered
Depn on P&M Profit on sale of FA
Royalty paid B/s
Hire charges Capital Assets
Less Drawings
Add Profit
Income received Cash basis Exp paid Liabilties
Add Receivable / O/s at year end Add O/s or payable at year end
Less Receivable / O/s at year beg Less Payble or o/s at year beginning
Less Advance at year end Less Prepaid at year end
Add Advance at year being Add Prepaid at year beg
Income earned Accrual basis Exp incurred

Dr Subscription A/c - Income Cr Exp A/c

To bal b/d Opg O/s receivable By bal b/d Opg recd in advance To bal b/d Opg prepaid
By bal b/d
To I&E Earned By Cash Income recd To Cash paid By I&E
To bal c/d Clg Recd in advance By bal c/d Clg O/s receivable To bal c/d Clg O/s By bal c/d

Liab Cr B/s of NPOAssets Dr

Capital fund FA
Add Surplus Stock
Add Donation & EF O/s subscription
If capitalised
Prepaid exp
Match fund Cash in hand / Bank
Add Donation for MF Investment
Add Proceeds from Match tickets
Less Match exp

Subs recd in advance

O/s exp

Single entry / Incomplete records

Dr + Drs A/c Cr - Dr - Crs A/c Cr +
To bal b/d By Sales returns To Purch returns By bal b/d
To Credit sales By Cash / Bank To Cash / Bank By Credit purch
To bank By Disc allowed To Discount recd By Bank dishonored
To BR dishonored By Bad debts To BP issued By BP dishonored
By BR received To BR endoresed By Drs BR endorsed dishonored
By bal c/d To bal c/d

Credit sales Drs To Sales Credit purchases Purchase To Crs

BR received from Drs BR To Drs BP issued Crs To BP
BR honored Bank To BR BP honored BP To Bank
BR dishonored Drs To BR BP dishonored BP To Crs
BR endorsed Crs To BR
BR endorsed dishonored Drs To Crs
BR discounted Bank Dr
Disc charges Dr
To BR
BR discounted dishonored DRs Dr
To Bank / Cash

BR retired Cash Dr BP retired BP Dr

Receipt before maturity at lesserRebates
value Dr Payment before maturity at lesser value To Cash
To BR To Rebat

Pro note Seller - Receiver - Payee - Makee - Drawee

"I promise to pay" Buyer - Giver - Payer - Maker - Drawer - Writer

Bills of exh Seller - Receiver - Payee - Maker - Drawer - Acceptee

"Pay to the order of >>>" Buyer - Giver - Payer - Makee - Drawee - Acceptor
Accepted

Dr + Cash A/c Cr -
To bal b/d By purchase
To Capital By Drawings
To Income By Expenses
To Drs By Crs
To BR By BP
To Sale of Fixed assets / Investment
By purch of FA / Invest
To Cash sales By Cash - Cash deposited
To Bank - Cash withdrawn By Loan - Repayment
To Loan taken By bal c/d

Bank A/c
To bal b/d FavourableBy bal b/d Unfav / Adv / OD
To Cash deposit By Cash withdrawal
By drawings'
To bal c/d Clg Adv ODBy bal c/d Fav

Credit period = 2 months Jan Mar

If sold on 1 Jan, Cash will be received on 1 March Febd Apr
Mar May

Drs Total Credit sales * Credit period in mths Sept Nov

12 Oct Dec
Nov Jan
Drs total Credit sales * Credit period in days Dec Feb
365 B/s on 31st Dec =

Total credit sales Drs * 12 Drs * 365

CP in mths CP in days

Credit period Drs *12

Total Credit sales

Crs Total credit purchase * Credit period

12 or 365

Credit purch Crs * 12 or 365

Credit period

Credit period Crs * 12 or 365

Credit purch

PY sales 500000 To bal

CY sales 600000 5L+20% To Cr Sales
Cash sales 120000
Creidt 480000
To bank
No cash purchases To bal
No Cash collection from Drs
Total salary 24000
Total off exp 14400 To bal
Total drawings 6000 To Cash sales

Cheque pmt
Crs 300000
Rent 16000

To bal
To Cash
To Drs

To OS
To Purch
To Gp

To rent
To salary
To off exp
To depn
To loss
To Np

Capital
Add Profit
Less Draiwngs
Crs

COGS = OS + Purch - CS
260000 = 50000+ P - 62500
Purch 272500

COGS 260000
Profit 65000
Sales 325000

Bank To Drs
Bank To Capital
Bank Dr 1750
Loss Dr 750
To FA 2500
Crs To Bank
 Exp To bank
Drawings to Bank
FA To Bank

Adjustments Trading P&L B/s

Clg stock Cr Assets
O/s Wages Add with Wages Liabilities If given inside the TB
Prepaid wages Deduct from Wages Assets Adjustments
O/s Exp Add with exp Liabilities Clg stock
Prepaid exp Deduct from exp Assets O/s Wages
Income recd in adv Deduct from income Liabilities Prepaid wages
O/s income Add with income Assets O/s Exp
Depn Expenses Deduct from Assets Prepaid exp
Bad debts Expenses Deduct from Drs Income recd in adv
Provn for Bad debts (without opg) Expenses Deduct from Drs O/s income
Provn for Bad debts (with opg) Expenses Deduct from Drs - Clg Depn
Clg reqd - Opg available Bad debts
If opg is more Credit as Income
Stock destroyed by fireCredit as Abnl loss Debit as Loss
Loss = Stock - Insurance claims
Stock distributed as free samples
Deduct from Purchas Debit as Advertisement
Stock withdrawn for personal purpose
Deduct from Purchas Drawings

Adj 2 times
1. One in Trading & other in B/s
2. One in P&L & other in B/s
3. One in Trading & other in P&l

Cash To Drs
Cash To Sales To bal
Cash To Capital To Sales
Cash To Interest
Crs To Cash
Salaries To Cash To Cash
GE to Cash To bal
R&T To Cash
Drawings To Cash
Purch To Cash Capital
Crs

To OS
To Purch
To GP

To Exp
To Depn
To Provn
To NP

FA Ac
To bal 400000
To bank 100000
500000
Drs A/c
To bal 150000
To Sales 2120000
2270000
Crs A/c
To C&B 1550000
To bal 110000
1660000
Bank A/c
To bal 350000
To Drs 2070000

2420000
Commn earned

Div earned
Bad debts recovered
Profit on sale of FA

Opg O/s
Incurred
Clg prepaid
ed dishonored
Drs A/c
100000 By Bank 460000
480000 By bal 120000
580000 580000
Crs A/c
300000 By bal 82000
146000 By purch 364000
 446000 446000
Cash A/c
28000 By salary 24000
120000 By off exp 14400
By Drawomgs 6000
By Bank 80000
By loss by theft23600
148000 148000
Bank A/c
38000 By Rent 16000
80000 By Crs 300000
460000 By bal 262000
578000 578000
Trading A/c
280000 By Sales 600000
364000 By CS 160000
116000
760000 760000
16000 By Gp 116000
24000
14400
4000
23600
34000
116000 116000
B/s
404000 Furniture 36000
34000 Stock 160000
-6000 Drs 120000
146000 Bank 262000
578000 578000

Drs A/c Trading A/c

To bal 102500 By Bank 340000 To OS 50000 By Sales 325000
To Sales 325000 By bal 87500 To Purch 272500 By CS 62500
427500 427500 To GP 65000
Crs A/c 387500 387500
To bank 280000 By bal 53500 To Depn 1000 By GP 65000
To bal 46000 By Purch 272500 To Loss 750
326000 326000 To Exp 49250
Bank A/c To NP 14000
To bal 62500By Crs 280000 65000 65000
To Drs 340000 By Exp 49250 B/s
To Capital 5000By Drawings 25000 Capital 169000 FA 9000
To FA 1750By FA 5000 Add Addl 5000 Stock 62500
By bal 50000 Less Drawings-25000 Drs 87500
409250 409250 Add Profit 14000 Bank 50000
 B/s on 1.1.2022 Crs 46000
Capital 169000 FA 7500 209000 209000
Crs 53500 Stock 50000
Drs 102500
Bank 62500
222500 222500
FA A/c
To bal 7500 By Bank 1750
To Bank 5000 By Loss 750
By depn 1000
By bal 9000
12500 12500

If given inside the TB

Adjustments Trading P&L B/s
Assets
O/s Wages Liabilities Wages To O/s Wages
Prepaid wages Assets Prepaid To Wages
Liabilities
Prepaid exp Assets
Income recd in adv Liabilities
O/s income Assets
Expenses Depn To Assets
Expenses Bad debts to Drs

Drs A/c
14500 By Cash 48000
51100 By bal 17600
65600 65600
Crs A/c
35000 By bal 5800
 7900 By Purch 37100
42900 42900
Opg b/s
29100 Drs 14500
5800 Machi 7500
Furni 1200
Stock 3900
Invest 5000
Bank 2800
34900 34900
Trading A/c B/s
3900 By Sales 62100 Capital 29100 Machi 6750
49100 By CS 5700 Add Profit 2830 Furn 1080
14800 Less Drawings -3600 Stock 5700
67800 67800 Add Addl 6000 Invest 5000
10500 By GP 14800 Crs 7900 C&B 6900
870 By Int 200 Drs 17600
800 Less Provn -800
2830 42230 42230
15000 15000

Trading A/c
By Depn 50000 to OS 300000 By Sales 2120000
By bal 450000 To Purch 1520000 By CS 336000
500000 To Gp 636000
2456000 2456000
By C&B 2070000 to Exp 212000 By Gp 636000
By bal 200000 To Depn 50000
2270000 To NP 374000
636000 636000
By bal 140000 B/s
By Purch 1520000 Capital 1000000 Drs 200000
1660000 P&L 60000 Bank 558000
Add Profit 374000 Stock 336000 If Qn is "Total sales & purch is"
By Crs 1550000 Crs 110000 FA 450000 1520000 126666.7
By FA 100000 1544000 1544000 2120000 176666.7
By Exp 212000
By bal 558000
2420000