Jaibb Accounting Solution Final Acc and Journal Entries

SOLVED BY:MD. KOESH AL-MAHMUDSO (IT)MA (ENGLISH), MBA(IBA,RU)DAIBB

Sonali Bank Limited, DEPZ BR.,DHAKA.Mob# 01711367555

E-mail: [email protected]

JUNE-2010Mercantile Bank Ltd

Profit & loss a/cFor the year ended 31 Dec,2009

Dr CrExpenditure Tk Income TkInt. Paid 42048 Int. Received 141010General Exp. 91363 (-)Unexpired Discount 42000Salaries & allowance 100000 99010(-) GM salary 10000 Discount Charges 38461

90000 Commission Charges 154859GM salary 10000 Dividend Received 86251Div. accured & Net Loss 1225outstanding 123395

Dep. On premises 17500Bad debts 5500

379806 379806

Mercantile Bank LtdBalance Sheet

As on 31Dec,2009.Capital & Liabilities Tk Assets TkShare capital Cash in hand 34164488750 Shares @ tk10 each 887500 Cash with B. Bank 621858Reserve 500000 Balance with other bank 224220Add. Reserve for final 56005 556005 Govt. Securities 618358dividend Inv. In share 248000Current a/c 2581343 Inv. In national Def. bond 168000Deposit a/c 685135 Money at call & short notice 279416dividend accured & outstanding 123395 Bill discounted 833483Profit & loss a/c: 128139 (-) Unexpired Discount 42000 791483(-) Net loss 1225

126914 Advances to customer 1342120Less: (-) Bad debt 5500 1336620Last yr DividendIntrem 32138 Bank Premises 260000Final 56005 (-) Dep. 17500 242500

38771Acceptance & endorsement Suspense a/c 50for customer 340216 Acceptance & endorsement

for customer 3402165212365 5212365




Profit & loss a/cDr For the year ended 31 Dec,2008 Cr

Expenditure Tk Income (Less bad debts & other ProvisiTkInt. Paid 1300000 Int. & discount 4600000General Exp. 2700 (-)Rebate 106093Salaries & allowance 307000 4493907GM salary 15000Provident fund contribution 28500 Commission & exchange 132000Loss on sale of gold 42000 Rent 36000Director`s fees & allowance 10700 Profit on sale on investment 141000Law charges 13900 Transfer fees 100Postage & Telegram 6300Auditor fees 3000Depreciation 3600Repair 4800Stationary & Printing 10000Provision for loans 125000Pofit & loss a/c Net Profit 2930507

4803007 4803007Prime Bank LtdBalance Sheet

As on 31Dec,2009.Capital & Liabilities Tk Assets TkShare capital 20000000 Cash in hand 31654000(-)Calls in arrear 25000 19975000 Cash with B. Bank 15000000

Reserve 10000000 Balance with other bank 29300000Add.20% statutory 586101 10586101Reserve Investment 44321000Current a/c 70011000Fixed Deposit a/c 66750000 Money at call & short notice 7260000Saving bank a/c 41625000Borrowing from banks 1600000 Bill discounted 31577000Bills Payable 550000Unclaimed Dividend 34000Outstanding expenses 111000WPPF 450000Dividend 998750Profit & loss a/c: Last Yrs 1616000 (-) Rebate 106093 31470907(+) Current Yrs 2930507

4546507 Loans 50316000(-)WPPF 450000 (-) Provision 125000 50191000

4096507(-) Dividend 5% 998750 Bank Premises 5000000

3097757 Furniture 440000(-) Income Tax 517600

2580157 Non banking asset 48000(-) 20% statutory Reservs 586101 1994056

Bills for collection 1000000 Bills for collection 1000000Acceptance & endorsement 1550000 Acceptance & endorsement 1550000

217234907 217234907

Dec-2009 Prime Bank Ltd




NOV-2008Jamuna Bank LtdProfit & loss a/c

For the year ended 31 Dec,2007Dr CrExpenditure Tk Income TkInt. Paid 42048 Int. Received 141010General Exp. 91363 (-)Bad debts 5500Salaries & allowance 100000 135510(-) GM salary 10000 Discount Charges 38461

90000 Commission Charges 154859GM salary 10000 Dividend Received less Tax 86251Unexpired Discount 42000Dep. On bank property 17500Net profit c/d 122170

415081 415081

Jamuna Bank LtdProfit & loss appropriation a/c

For the year ended 31 Dec,2007Dr CrParticulars Tk Particulars TkDividend:Intrem 32188 Profit & loss account 128139Final 56005Dividend accured 123395 Balance b/d 12217020% Statutory Reserve 24434

Balance c/d 14287250309 250309

Jamuna Bank LtdBalance Sheet

As on 31Dec,2009.Capital & Liabilities Tk Assets TkShare capital Cash in hand 34164488750 Shares @ tk10 each 887500 Cash with B. Bank 621858Reserve 500000 Balance with other bank 224220Add. Reserve for final 56005 556005 Govt. Securities a/c 618358dividend Investment on Share 248000Current a/c 2581343 Investment on national def. bond 168000Deposit a/c 685135 Money at call & short notice 279416dividend accured & outstanding 123395 Bill discounted 833483Profit & loss apprepriationa/c: 14287 (-) Unexpired Discount 42000 791483

Advances to customer 1342120(-) Bad debt 5500 1336620

20% Statutory Reserve 24434Bank Premises 260000(-) Dep. 17500 242500

Acceptance & endorsementfor customer 340216 Acceptance & endorsement

for customer 3402165212315 5212315




Nov-07SYM Bank LtdProfit & loss a/c

For the year ended --- Dec,--------Dr CrExpenditure Tk Income TkRent & tax 40000 Interest & commission 560000Travel Expenses 10000 (-) Provision 300000 260000Audit Fees 6000Int. on deposit 280000 Discount & exchange 180000Salaries Expenses 200000 (-) Unexpired bill 25000 155000Advertiseing 10000Stationary expenses 50000 Others income 75000Telephone 10000 Profit on sale of investment 55000Law Charges 6000 Share Transfer fees 310000Printing Expenses 10000Int.expenses 4000Dep. On plant 30000Net profit 199000

855000 855000

SYM Bank LtdBalance Sheet

As on -----------------------Capital & Liabilities Tk Assets TkCalled up capital 5800000Share capital Cash in hand 2500000Paid up capital 5800000 Cash with other Bank 2900000(-) Calls in arrear 650000 5150000 Investment 7700000

Int. due on investment 70000Cash dividend 19900 Overdraft & cash credit 9000000Statutory Reserve 2500000 Demand Loans 1300000(+) 20% Statutory Reserve 39800 2539800 Loans & advances

(7000000-300000) 6700000Retain earning 280000 Bill discounted & Purchase 600000Current/Fixed/Saving Deposit 16080000 (-) Rebate unexpired bill 25000 575000Income Tax 79600Net Profit 199000 Unexpired Insurance 4000(-) 20% Statutory Reserve 39800

159200Less: Cash dividend 19900

139300 Plant asset 150000(-)40% income tax 79600 59700 (-) Dep. 30000 120000

Acceptance & endorsement 25000 Acceptance & endorsement 25000L/C 45000 L/C 45000Bills for collection 450000 Bills for collection 450000Suspense a/c 6660000

31389000 31389000




May-07XYZ Bank Ltd

Profit & loss a/cFor the year ended 31 Dec, 2006

Dr CrExpenditure Tk Income TkDirector`s fees 2980Auditor Fees 3000 Interest & discount 200223Salaries 52150 (-) Rebate 5900 194323Law charges 1650Postage & telegram 2156 Commission & exchange 112000Printing & stationary 2390Rent 8507Provident fund contribution 15000Dep. On Building 7000 On Furniture 4500 11500

Loss on investment 28126Net profit 178864

306323 306323

XYZ Bank LtdBalance Sheet

As on 31 Dec, 2006Capital & Liabilities Tk Assets TkPaid up capital 1500000General Reserve 205000 Cash in hand 816324Contingency reserve 50000 Cash with Bangladesh Bank 1202125Current account 3412489 Bill Discounted 1400520Fixed Deposit 3895554 (-) Rebate 5900 1394620Saving Deposit 2068000Branch adj 66894 Loans, Cash credit, Overdraft 7020000Inv. Reserve fund 35000 Unexpired insurance 625Statutory Reserve 60000 Investment 850000(+) 20% Statutory Reserve 35773 95773

Furniture 37280(-) Dep. 4500 32780

Net Profit current year 178864(+) Profit & loss a/c 40333

219197(-) 20% Statutory Reserve 35773 183424

Acceptance on behalf of customer 200000 Building 205000Suspense a/c 2340 (-) Dep. 7000 198000

Acceptance on behalf of customer 20000011714474 11714474




May-06ABC Bank Ltd.Profit & loss a/c

For the year ended 31 Dec, 2006Dr CrExpenditure Tk Income TkInt. paid 42048General Expenses 91363 Interest received 141010Int. & dividend accured 123395 (-) Bad debts 5500 135510Salaries & allowance 100000(-) G M salary 10000 90000 Commission charges 154859G M salary 10000 Discount charges 38461Unexpired Discount 42000 Dividend received less tax 86251Dep. On Bank primises 17500 Net Loss 1225

416306 416306

ABC Bank LimitedBalance Sheet

As on 31 Dec, 2005Capital & Liabilities Tk Assets TkShare capital Cash in hand 34164488750 Shares @ tk10 each 887500 Cash with Bangladesh Bank 621858Reserve 500000 Balance with other bank 224220Add. Reserve for final 56005 556005 Govt. Securities 618358dividend Inv. In share 248000Current a/c 2581343 Inv. In national Def. bond 168000Deposit a/c 685135 Money at call & short notice 279416dividend accured & outstanding 123395 Bill discounted 833483Profit & loss a/c: 128139 (-) Unexpired Discount 42000 791483(-) Net loss 1225

126914 Advances to customer 1342120Less: (-) Bad debt 5500 1336620Last yr DividendIntrem 32188 Bank Premises 260000Final 56005 (-) Dep. 17500 242500

38721Acceptance & endorsementfor customer 340216 Acceptance & endorsement

for customer 3402165212315 5212315

PLEASE SEE OTHER SHEETS FOR JOURNAL ENTRIES & WORKSHEET

Solved by: MD. KOESH AL-MAHMUD.MA(English),MBA(IBA,RU),DAIBB

Sonali Bank LimitedDhaka EPZ Br.,Dhaka.

E-mail: [email protected]# 01711367555

NOVEMBER-2011NANDAN PARK

JOURNAL ENTRIESDate Account title L.F Dr TK Cr TK

APRIL1 CASH ACCOUNT 200000

MR.KAMAL`S CAPITAL 200000(Being kamal give the cash as capital)

4 LAND 50000CASH ACCOUNT 50000(Being land purchased)

8 Advertising expenses 2000A/C Payable 2000(As advertising expenses incrurred )

11 Salaries expenses 15000Cash a/c 15000( As salaries paid on cash)

13 Prepaid insurance 36000Cash a/c 36000( As insurance paid on cash)

17 Mr. kamal`s withdrawal 10000Cash a/c 10000( As Mr. kamal withdraw cash)

20 Cash a/c 6000Adimission revenue 6000( As admission fees received on cash)

25 Cash a/c 25000Unearned Adimission revenue 25000( As admission fees received on cash)


30 A/C Payable 900Cash a/c 900( As a/c payable paid for adv. Expenses)

CASH ACCOUNTDate Account title J.F Dr TK Cr TK Balance

MR.KAMAL`S CAPITAL 200000 200000LAND 50000 150000Salaries expenses 15000 135000Prepaid insurance 36000 99000Mr. kamal`s withdrawal 10000 89000Adimission revenue 6000 95000Unearned Adimission revenue 25000 120000Adimission revenue 8900 128900A/C Payable 900 128000

LandDate Account title J.F Dr TK Cr TK Balance




Cash 50000 50000

KAMAL`S CAPITALDate Account title J.F Dr TK Cr TK Balance

Cash account 200000 200000

Advertising ExpensesDate Account title J.F Dr TK Cr TK Balance

Account Payable 2000 2000

Accounts payableDate Account title J.F Dr TK Cr TK Balance

Cash 900 900Adv. Expenses 2000 1100

SalariesDate Account title J.F Dr TK Cr TK Balance

Cash 15000 15000

Prepaid insuranceDate Account title J.F Dr TK Cr TK Balance

Cash 36000 36000

Mr. kamal`s drawingsDate Account title J.F Dr TK Cr TK Balance

Cash 10000 10000

Admission RevenueDate Account title J.F Dr TK Cr TK Balance

Cash 6000 6000Cash 8900 14900

Unearned Admission RevenueDate Account title J.F Dr TK Cr TK Balance

Cash 25000 25000

NANDAN PARKTrial Balance

for the period ended............Account title Dr TK Cr TKCash 128000Mr. Kamai`sCapital 200000Land 50000Advertising Expenses 2000Accounts payable 1100Salaries Expenses 15000Prepaid insurance 36000Mr. Kamai`s Drawings 10000Admission revenue 14900Unurned Revenue 25000




241000 241000

MAY-2012JANE KENT


May-121 CASH ACCOUNT 250000

Jane Kent`s CAPITAL 250000(Being jane give the cash as capital)

3 Supplies a/c 25000A/C Payable 25000(Being supplies purchased on credit)

7 Rent expenses 9000Cash a/c 9000(As rent paid in cash)

8 Accounts Receivble 21000Revenue 21000

12 Cash a/c 3500Unurned Revenue 3500

31 Salary Expenses 20000Cash a/c 20000( As salary paid in cash)

31 Accounts payable 10000Cash a/c 10000( As 40% OF SUPPLIES PAID)


Jane Kent`s CAPITAL 250000 250000Rent expenses 9000 241000Salary Expenses 20000 221000Accounta payable 10000 211000Unearned revenue 3500 214500

KAMAL`S CAPITALDate Account title J.F Dr TK Cr TK Balance


Supplies Date Account title J.F Dr TK Cr TK Balance






Cash 10000 10000Supplies account 25000 15000


Cash 20000 20000

RentDate Account title J.F Dr TK Cr TK Balance

Cash 9000 9000

Accounts receivableDate Account title J.F Dr TK Cr TK Balance

Revenue 21000 21000

Unurned RevenueDate Account title J.F Dr TK Cr TK Balance

Cash 3500 3500

RevenueDate Account title J.F Dr TK Cr TK Balance

Account Receivable 21000 21000

Jane KentTrial Balance

for the period ended............Account title Dr TK Cr TKCash 214500Jane Kent`s CAPITAL 250000Supplies 25000Rent 9000Accounts payable 15000Salaries 20000Accounts Receivable 21000Revenue 21000Unurned Revenue 3500

289500 289500




DECEMBER-2012Adventure Park


APRIL1 CASH ACCOUNT 50000

Rosy`s capital account 50000(Being Rossy give the cash as capital)

4 LAND 30000CASH ACCOUNT 30000(Being land purchased)

8 Advertising expenses 1800A/C Payable 1800(As advertising expenses incrurred )

11 Salaries expenses 1500Cash a/c 1500( As salaries paid on cash)


17 Rossy`s withdrawal 600Cash a/c 600( As Rossy withdraw cash)


25 Cash a/c 2500Unearned Adimission revenue 2500( As admission fees received on cash)


30 A/C Payable 700Cash a/c 700( As a/c payable paid for adv. Expenses)


ROSSY`S CAPITAL 50000 50000LAND 30000 20000Salaries expenses 1500 18500Prepaid insurance 1500 17000




Rossy`s withdrawal 600 16400Adimission revenue 5700 22100Unearned Adimission revenue 2500 24600Adimission revenue 5900 30500A/C Payable 700 29800

LandDate Account title J.F Dr TK Cr TK Balance

Cash 30000 30000

Rossy`S CAPITALDate Account title J.F Dr TK Cr TK Balance


Advertising ExpensesDate Account title J.F Dr TK Cr TK Balance



Cash 700 700Adv. Expenses 1800 1100


Cash 1500 1500


Cash 1500 1500

Rossy`s drawingsDate Account title J.F Dr TK Cr TK Balance

Cash 600 600

Admission RevenueDate Account title J.F Dr TK Cr TK Balance

Cash 5700 5700Cash 5900 11600

Unearned Admission RevenueDate Account title J.F Dr TK Cr TK Balance

Cash 2500 2500

ADVENTURE PARKTrial Balance

for the period ended............Account title Dr TK Cr TKCash 29800ROSSY`S CAPITAL 50000




Land 30000Advertising Expenses 1800Accounts payable 1100Salaries Expenses 1500Prepaid insurance 1500Mr. Kamai`s Drawings 600Admission revenue 11600Unurned Revenue 2500

65200 65200

JUNE-2013CAMPUS LAUNDRYJOURNAL ENTRIES

Date Account title L.F Dr TK Cr TKJAN

1 CASH ACCOUNT 20000MR. M KHAN`S CAPITAL 20000(Being kamal give the cash as capital)

2 Rent 1000CASH ACCOUNT 1000(Being rent given on cash)

3 Laundry equipment 25000Notes Payable 15000Cash account 10000


10 Advertising expenses 200Accounts payable 200( As insurance paid on cash)

20 Mr. M Khan`s drawings 700Cash a/c 700( As Mr. kamal withdraw cash)

30 Cash a/c 6200Service revenue 6200( As service revenue received on cash)


MR. M KHAN`S CAPITAL 20000 20000Service revenue 6200 26200Rent expenses 1000 25200Laundry Equimpment 10000 15200Prepaid Insurance 1200 14000Mr. M Khan`s drawings 700 13300

Rent




Date Account title J.F Dr TK Cr TK BalanceCash 1000 1000

M. Khan`S CAPITALDate Account title J.F Dr TK Cr TK Balance


Laundry EquimpmentDate Account title J.F Dr TK Cr TK Balance

Cash account 10000 10000Account Payable 15000 25000


Adv. Expenses 200 200

Notes PayableDate Account title J.F Dr TK Cr TK Balance

Laundry Equimpment 15000 15000


Cash 1200 1200

Advertising expensesDate Account title J.F Dr TK Cr TK Balance

Accounts payable 200 200

M. Khan`s DrawingsDate Account title J.F Dr TK Cr TK Balance

Cash 700 700

Service RevenueDate Account title J.F Dr TK Cr TK Balance

Cash 6200 6200

Campus LaundryTrial Balance

for the period ended............Account title Dr TK Cr TKCash 13300MR. M KHAN`S CAPITAL 20000Rent 1000Advertising Expenses 200Notes payable 15000Laundry Equipment 25000Prepaid insurance 1200Mr.M Khan`s Drawings 700




Service Revenue 6200Account payable 200

41400 41400

PLEASE SEE OTHER SHEETS FOR FINAL ACCOUNT & WORKSHEET

SOLVED BY:MD. KOESH AL- MAHMUD.SO (IT)MA(English),MBA(IBA,RU), DAIBB

SONALI BANK LIMITEDDHAKA EPZ BR.DHAKA,

MOB# 01711367555E-MAIL: [email protected]

JUNE-2013SASSEN ROFFING

WORK SHEETAS AT 31 MARCH,2012

Account Title Trial Balance Adjustment Adj. Trial Balance Income Statement Balance SheetDr Cr Dr Cr Dr Cr Dr Cr Assets Liabilities

Cash 4500 4500 4500Accounts Receivable 3200 170 3370 3370Roofing Supplies 2000 1350 650 650Equipment 11000 11000 11000Accumulated Dep. 1250 250 1500 1500Accounts Payable 2500 2500 2500Unearned Revenue 550 170 720 720J. Sasse Capital 12900 12900 12900J. Sasse Drawings 1100 1100 1100Service Revenue 6300 6300 6300Salaries Expenses 1300 600 1900 1900Mis. Expenses 400 400 400Roofing Supplies Exp 1350 1350 1350Dep. Expenses 250 250 250Accured Salaries 600 600 600Net profit 3120 3120

23500 23500 2370 2370 24520 24520 7020 7020 20620 20620

SASSEN ROFFINGIncome Statement

as on 31March,2012Particulars Tk Tk Tk

Service Revenue 6300Add: Unearned Revenue (550+170) 720Operating Expenses: 7020

Salaries Expenses 1900Dep. Expenses 250 2150

Administrative Expenses:Supplies Expenses 1350Mis. Expenses 400 1750

Income from operation: 3900Net Income 3120

SASSE ROOFINGOwners Equity Statement

For the year ended 31 Dec,2012Particulars TK TK

J. Sasse Capital 12900Add: Net Income 3120

16020J. Sasse Drawings 1100

J. Sasse Capital 31 March,2012 14920

SOLVED BY:MD. KOESH AL- MAHMUD.SO (IT)MA(English),MBA(IBA,RU), DAIBB

SONALI BANK LIMITEDDHAKA EPZ BR.DHAKA,

MOB# 01711367555E-MAIL: [email protected]

SASSE ROOFINGAdjusting Journal Entries

Date Particulars Ref Tk TkRoofing Supplies Expenses a/c 1350Supplies a/c 1350(As supplies Purchase)Dep. Expenses a/c 250Accumulated Dep. A/c 250(As dep. Charges)Accounts Receivable 170Unearned Revenue 170

Salaries Expenses a/c 600Accured Salaries a/c 600(As salaries accured)

Closing EntriesDate Particulars Tk Tk

Service Revenue Dr 6300Unearned Revenue Dr 720Income Sammary Cr 7020Income Sammary Dr 3900Salary ExpensesCr 1900Mis. Expenses Cr 400Supplies Expenses Cr 1350Dep. Expenses Cr 250Income Summary Dr 3120J. Sasse Capital Cr 3120J. Sasse Capital Dr 1100J. Sasse`s Drawings Cr 1100

PLEASE SEE OTHER SHEETS FOR FINAL ACCOUNT & JOURNAL ENTRIES

Documents

Jaibb Accounting Solution Final Acc and Journal Entries