1 simple problem-financial accounting
TRANSCRIPT
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FINAL ACCOUNTS
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FOR THE MONTH OF JUNE 2010
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JUNE 2010
1 Ram commenced business with the cash rs.1,00,000.
2 bought raw material for cash rs.10,000
3 bought printer and computer for cash rs.20,000
4 bought furniture for cash rs.5,000 5 bought cement from Chandra for rs.17,000 on credit
6 made cash sales rs.15,000
7 paid cash to Chandra rs.17,000
8 sold goods to Shankar rs.20,000 on credit
9 purchased raw materials from Gopal rs.11,000 on credit
12 cash received from Shankar rs.20,000
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13 paid lorry maintenance and its fuel charges ofrs.10,000
16 made cash sales rs.15,000 17 bought raw materials from Jay ram rs.9,000
19 returned goods to Jay ram rs.1,000
21 paid cash to Jay ram rs.8,000
23 sold goods to puruvankar constructions on credit
rs.25,000 24 puruvankar constructions returned back goods
rs.2,000
26 sold goods to Naveen for cash rs.60,000
28 received cash from puruvankar constructionsrs.23,000
29 paid rent rs.3,000
30 paid salaries rs.20,000
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DATE PARTICULARS DEBIT CREDIT
June 1 Cash a/c dr
to rams capital a/c
(being ram commenced business with
cash)
1,00,000
1,00,000
June 2 Purchases a/c dr
to cash a/c
(being raw materials purchased for cash)
10,000
10,000
june3 Computer & printer a/c dr
to cash a/c
(being computer and printer purchased
for cash)
20,000
20,000
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DATE PARTICULARS DEBIT CREDIT
June 4 Furniture a/c dr
to cash a/c
(being furniture purchased for cash)
5,000
5,000
June 5 Purchases a/c dr
to Chandra a/c
(being purchased from Chandra)
17,000
17,000
June 6 Cash a/c dr
to sales a/c
(being goods sold for cash)
15,000
15,000
June 7 Chandra a/c drto cash a/c
(being cash paid to Chandra in full
settlement)
17,00017,000
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DATE PARTICULARS DEBIT CREDIT
June 8 Shankar a/c dr
to sales a/c
(being goods sold to Shankar on
credit)
20,000
20,000
June 9 Purchases a/c dr
to Gopal a/c
(being goods purchased on credit
from Gopal)
11,000
11,000
June 12 Cash a/c dr
to Shankar a/c(being cash received from shankar)
20,000
20,000
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DATE PARTICULARS DEBIT CREDIT
June 13 Lorry a/c dr
to cash a/c
(being paid lorry maintenance and fuel
charges)
10,000
10,000
June 16 Cash a/c dr
to sales a/c
(being goods sold for cash)
15,000
15,000
June 17 Purchases a/c dr
to Jay ram a/c
(being goods purchased on credit fromJay ram)
9,000
9,000
June 19 Jay ram a/c dr
to return outwards a/c
(being goods returned to Jay ram)
1,000 1,000
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DATE PARTICULARS DEBIT CREDIT
June 21 Jay ram a/c dr
to cash a/c
(being cash paid to Jay ram in full
settlement)
8,000
8,000
June 23 Puruvankar constructions a/c dr
to sales a/c
(being goods sold to puruvankar
constructions on credit)
25,000
25,000
June 24 Return inwards a/c dr
to puruvankar constructions a/c(being goods returned by puruvankar
constructions)
2,000
2,000
June 26 Cash a/c dr
to sales a/c
(being sold goods to Naveen for cash)
60,000
60,000
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DATE PARTICULARS DEBIT CREDIT
June 28 Cash a/c dr
to puruvankar constructions a/c
(being cash received from puruvankar
constructions )
23,000
23,000
June 29 Rent a/c dr
to cash a/c
(being paid rent)
3,000
3,000
June 30 Salaries a/c dr
to cash a/c
(being paid salaries)
20,000
20,000
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DATE PARTICULARS AMOUNT DATE PARTICULARS AMOUNT
June 1
June 6June12
June 16
June 26
June 28
To rams capital
a/c
To sales a/c
To Shankar a/c
To sales a/c
To sales a/c
To puruvankar
constructions
a/c
1,00,000
15,00020,000
15,000
60,000
23,000
June 2
June 3
June 4
June 7
June
13
June29
June
30
June
30
By purchases
a/c
By computer &printer a/c
By furniture a/c
By Chandra a/c
By lorry a/c
By rent a/c
By salary a/cBy balance c/d
10,000
20,000
5,000
17,000
10,000
3,000
20,0001,40,000
Total
2,30,000 total 2,30,000
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DATE PARTICULARS AMOUNT DATE PARTICULARS
June 30 To balance c/d
Total
1,00,000
1,00,000
June 1
July 1
By cash a/c
Total
By balance b/d
1,00,000
1,00,000
1,00,000
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DATE PARTICULARS AMOUNT DATE PARTICULAR
S
AMOUNT
June 2
June s
June 9June
17
to cash a/c
To Chandra a/c
To Gopal a/c
To Jay ram a/c
10,000
17,000
11,0009,000
June30 By balance
c/d
47,000
July 1
total
To balance b/d
47,000
47,000
Total 47,000
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DATE PARTICULAR
S
AMOUNT DATE PARTICULAR
S
AMOUNT
June 3 To cash a/c 20,000 June 30 By balance
c/d
20,000
July 1
Total
To balance
b/d
20,000
20,000
total 20,000
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DATE PARTICULARS AMOUNT DATE PARTICULAR
S
AMOUNT
June 7 to cash a/c 17,000 June 5 By purchases
a/c
17,000
Total 17,000 total 17,000
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DATE PARTICULA
RS
AMOUNT DATE PARTICULAR
S
AMOUNT
June
30
To balance
c/d
1,35,000 June 6
June 8
June16
June
23
June
26
By cash a/c
By Shankar
a/c
By cash a/cBy
puruvankar
constructions
a/c
By cash a/c
15,000
20,000
15,000
25,000
60,000
Total 1,35,000
July 1
Total
by balance
b/d
1,35,000
1,35,000
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DATE PARTICULAR
S
AMOUNT DATE PARTICULAR
S
AMOUNT
June 8 To sales a/c 20,000 June 12 By cash a/c 20,000
Total 20,000 total 20,000
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DATE PARTICULAR
S
AMOUNT DATE PARTICULAR
S
AMOUNT
June 30 To balance
c/d
11,000 June 9 By purchases
a/c
11,000
Total 11,000
July 1
Total
To balance
b/d
11,000
11,000
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DATE PARTICULAR
S
AMOUNT DATE PARTICULAR
S
AMOUNT
June 9
June 21
To return
outward a/c
To cash a/c
1,000
8,000
June 17 By purchases
a/c
9,000
Total 9,000 Total 9,000
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DATE PARTICULAR
S
AMOUNT DATE PARTICULAR
S
AMOUNT
June 23 To sales a/c 25,000 June 24
June 28
By return
inwards a/c
By cash a/c
2,000
23,000
total 25,000 total 25,000
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DATE PARTICULAR
S
AMOUNT DATE PARTICULAR
S
AMOUNT
June 24 To
puruvankar
constructions
a/c
2,000 June 30 By balance
c/d
2,000
total 2,000 total 2,000
July 1 To balance
b/d
2,000
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DATE PARTICULARS
AMOUNT DATE PARTICULARS
AMOUNT
June 30 To cash a/c 20,000 June 30 By balance
c/d
20,000
July 1
Total
To balance
b/d
20,000
20,000
total 20,000
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DATE PARTICULAR
S
AMOUNT DATE PARTICUALR
S
AMOUNT
June 13 To cash a/c 10,000 June 30 by balance
b/d
10,000
July 1
Total
To balance
b/d
10,000
10,000
total 10,000
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S.NO PARTICULARS DEBIT
BALANCE
CREDIT
BALANCE
1.
2.
3.
4.5.
6.
7.
8.
9.
10.11.
12.
Cash a/c
capital a/c
Purchases a/c
Computer & printer a/cFurniture a/c
Sales a/c
Go pal (cr) a/c
Return outwards a/c
Return inwards a/c
Rent a/cSalary a/c
Lorry a/c
Total
1,40,000
47,000
20,0005,000
2,000
3,00020,000
10,000
2,47,000
1,00,000
1,35,000
11,000
1,000
2,47,000
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` Provide depreciation of rs.1,000 on computer
And printer.
` Provide depreciation of rs.500 on furniture.
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LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT AMOUNT
Capital
Add: net
profit
Creditors
total
1,00,000
52,500
1,52,500
11,000
1,63,500
Cash
Computer &
printer
Less:
depreciationFurniture
Less:
depreciation
total
20,000
1,0005,000
500
1,40,000
19,000
4,500
1,63,500
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