1 simple problem-financial accounting

8/9/2019 1 simple problem-financial accounting

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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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June 4 Furniture a/c dr

to cash a/c

(being furniture purchased for cash)

5,000

5,000


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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June 8 Shankar a/c dr

to sales a/c

(being goods sold to Shankar on

credit)

20,000

20,000


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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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


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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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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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


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


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


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


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


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


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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1 simple problem-financial accounting