fra practice assignment
TRANSCRIPT
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8/16/2019 FRA Practice Assignment
1/21
Details
Page 1
Particulars Account Details
Capital 1
Create Infra
Land 1
Building 1
Machines 1
Utility Equipments 1
urniture 1
I! setup 1
Loan
Ban" loan # 1$% interest 1
Deposit
Deposit in Ban" 1
&peration
Purchase of 'a( Material 1
)ale of inished good 1
inished good in*entory 1
)alary Payment 1
Electricity Bill 1
!ransporter Bill 1
)tationery and Clerical 1
Maintenance of Machines + Utility 1
Loan Interest Payment 1
Deposit Interest receipt 1
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8/16/2019 FRA Practice Assignment
2/21
Details
Page ,
End of -ear
Depreciation #
1$.$$% Building 1
1/.$$% Machine 1
1/.$$% Utility Eqp 1
1$.$$% urniture 1
1/.$$% Computer 1
!otal ,0
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8/16/2019 FRA Practice Assignment
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ournal
Page 2
)l 3o !ransaction Dr 4Cr Amount
1 Capital 'ecei*ed Cr /$$$$$$
, Cash Dr /$$$$$$
2 Land Purchase Dr ,/$$$$$
0 Cash Cr ,/$$$$$
/ actory )hed Dr 1/$$$$$
5 Cash Cr 1/$$$$$
6 Machinery Purchase Dr 7$$$$$
7 Cash Cr 7$$$$$
8 Utility Equipment Dr 0$$$$$
1$ Cash Cr 0$$$$$
11 &ffice urniture Dr 1/$$$$
1, Cash Cr 1/$$$$
12 Computers Purchase Dr 1$$$$$
,1 )alary Paid Dr 1$$$$$
,, Cash Cr 1$$$$$
,2 Electricity Bill paid Dr ,/$$$
,0 Cash Cr ,/$$$
,/ !ransporter 9ill paid Dr ,/$$$
,5 Cash Cr ,/$$$
,8 Maintenance Charges Dr 1$$$$
2$ Cash Cr 1$$$$
21 )ale of inished :ood Cr 0$$$$$
2, Cash Dr 0$$$$$
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8/16/2019 FRA Practice Assignment
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ournal
Page 0
22 :oods In*entory Dr /$$$$
20 Cash Cr /$$$$
01 Depreciation of Machinery Dr 1,$$$$
0, Machinery Purchase Cr 1,$$$$
02 Depreciation of Utility Eqp Dr 5$$$$
05 urniture Cr 1/$$$
06 Depreciation of Computers Dr 1/$$$
07 Computers Purchase Cr 1/$$$
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8/16/2019 FRA Practice Assignment
5/21
Ledger
Page /
)l noCAPI!AL
Dr Cr
1 Cash /$$$$$$
Cash 7$$$$$
Balance /7$$$$$
)l noCash
Dr Cr
1 Capital /$$$$$$ Land ,/$$$$$
, Loan from Ban" 7$$$$$ actory )hed 1/$$$$$
2 inished :ood )al 0$$$$$ Machinery Purchase 7$$$$$
0 Interest 'ecei*ed ,/$$$ Utility Equipment 0$$$$$
/ &ffice urniture 1/$$$$
5 Computers Purchase 1$$$$$
1$ Electricity Bill ,/$$$
11 !ransport Bill ,/$$$
1, Maintenance 1$$$$
12 )tationary + Clerical cha /$$$
10 Interest Paid 7$$$$
1/ :ood In*entory /$$$$
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8/16/2019 FRA Practice Assignment
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Ledger
Page 5
Balance 7$$$$
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8/16/2019 FRA Practice Assignment
7/21
Ledger
Page 6
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8/16/2019 FRA Practice Assignment
8/21
Ledger
Page 7
)l noLand
Dr Cr
1 Cash ,/$$$$$
Balance ,/$$$$$
)l noUtility Equipment
Dr Cr
1 Cash 0$$$$$ Depreciation 5$$$$
Balance 20$$$$
1 Cash ,/$$$$
Balance ,/$$$$
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8/16/2019 FRA Practice Assignment
9/21
Ledger
Page 8
)l no)alary Paid
Dr Cr
1 Cash 1$$$$$
Balance 1$$$$$
)l noDr Cr
1 Cash 1$$$$
Balance 1$$$$
)l noInterest 'ecie*ed
Dr Depreciation
1 Cash ,/$$$
Balance ,/$$$
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8/16/2019 FRA Practice Assignment
10/21
Ledger
Page 1$
)l no:oods In*entory
Dr Cr
1 Cash /$$$$
Balance /$$$$
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8/16/2019 FRA Practice Assignment
11/21
Ledger
Page 11
)l noactory )hed
)l noDr Cr
1 Cash 1/$$$$$ Depreciatio 1/$$$$ 1
Balance 12/$$$$ Balance
)l no&ffice urniture
)l noDr Cr
1 Cash 1/$$$$ Depreciatio 1/$$$ 1
Balance 12/$$$ Balance
1 Cash 1/$$$$
Balance 1/$$$$
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8/16/2019 FRA Practice Assignment
12/21
Ledger
Page 1,
)l noElectricity Bill
)l noDr Cr
1 Cash ,/$$$ 1
Balance ,/$$$ Balance
)l no)tationary + Clerical charges
)l noDr Cr
1 Cash /$$$ 1
Balance /$$$ Balance
)l noinished :ood )ale
)l noDr Cr
1 Cash 0$$$$$ 1
,
2
0
Balance 0$$$$$ /
Balance
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8/16/2019 FRA Practice Assignment
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Ledger
Page 12
Maintenance
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8/16/2019 FRA Practice Assignment
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Ledger
Page 10
Machinery Purchase
Dr Cr
Cash 7$$$$$ Depreciation 1,$$$$
57$$$$
Computer Purchase
Dr Cr
Cash 1$$$$$ Depreciation 1/$$$
7/$$$
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8/16/2019 FRA Practice Assignment
15/21
Ledger
Page 1/
!ransport Bill
Dr Cr
Cash ,/$$$
,/$$$
Interest Paid
Dr Cr
Cash 7$$$$
7$$$$
Depreciation
Dr Cr
actory )hed 1/$$$$
Machinery Purchas 1,$$$$
Utility Equipment 5$$$$
&ffice urniture 1/$$$
Computer Purchas 1/$$$
25$$$$
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8/16/2019 FRA Practice Assignment
16/21
Ledger
Page 15
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8/16/2019 FRA Practice Assignment
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!rial Balance
Page 16
)l no 3ame of account Dr Cr
1 CAPI!AL /7$$$$$
, Cash 7$$$$
2 Land ,/$$$$$
0 actory )hed 12/$$$$
/ Machinery Purchase 57$$$$
5 Utility Equipment 20$$$$
6 &ffice urniture 12/$$$7 Computer Purchase 7/$$$
8 Deposit in Ban" ,/$$$$
1$ 'a( Material Purchase 1/$$$$
11 )alary Paid 1$$$$$
1, Electricity Bill ,/$$$
12 !ransport Bill ,/$$$
10 Maintenance 1$$$$
1/ )tationary + Clerical charges /$$$
15 Interest Paid 7$$$$
16 Interest 'ecie*ed ,/$$$
17 inished :ood )ale 0$$$$$
18 Depreciation 25$$$$
,$ :oods In*entory /$$$$
!otal 5,,/$$$ 5,,/$$$
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8/16/2019 FRA Practice Assignment
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Profit and Loss
Page 17
)l no E;penses Income
1 )alary Paid 1$$$$$ Interest 'ecie*ed
, Electricity Bill ,/$$$ inished :ood )ale
2 !ransport Bill ,/$$$
0 Maintenance 1$$$$
/ )tationary + Clerical charges /$$$
5 Interest Paid 7$$$$
6 !otal ,0/$$$7 Profit
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8/16/2019 FRA Practice Assignment
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Profit and Loss
Page 18
,/$$$
0$$$$$
0,/$$$17$$$$
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8/16/2019 FRA Practice Assignment
20/21
Balance )heet
Page ,$
)l no Asset Lia9ility
1 Cash 7$$$$ CAPI!AL
, Land ,/$$$$$ Profit
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8/16/2019 FRA Practice Assignment
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Balance )heet
Page ,1
/7$$$$$
17$$$$
/87$$$$