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BANK ACCOUNT

S.NO DATE DETAILS DEBIT CREDIT 1 SEPT 1 Capital A/C 140000 2 SEPT 1 Finance
S.NO
DATE
DETAILS
DEBIT
CREDIT
1
SEPT 1
Capital A/C
140000
2
SEPT 1
Finance Co. A/C
150000
3
SEPT 1
Land A/C
75000
3
SEPT 1
Building A/C
175000
5
SEPT 5
Prepaid Insurance A/C
540
6
SEPT 30
Salaries A/C
1800
8
SEPT 19
Sundry Debtors AC
7620
9
SEPT 26
Style Craft A/C
30000
Bal. Debit
15280
TOTAL
297620
297620

CAPITAL ACCOUNT

S.NO DATE DETAILS DEBIT CREDIT 1 SEPT 1 Bank A/C 140000 Bal. Credit 140000 TOTAL
S.NO
DATE
DETAILS
DEBIT
CREDIT
1
SEPT 1
Bank A/C
140000
Bal. Credit
140000
TOTAL
140000
140000
CAPITAL ACCOUNT S.NO DATE DETAILS DEBIT CREDIT 1 SEPT 1 Bank A/C 140000 Bal. Credit 140000
CAPITAL ACCOUNT S.NO DATE DETAILS DEBIT CREDIT 1 SEPT 1 Bank A/C 140000 Bal. Credit 140000

FINANCE Co. ACCOUNT A/C

S.NO DATE 2 SEPT 1
S.NO
DATE
2
SEPT 1
DETAILS
DETAILS
DEBIT
DEBIT
CREDIT 150000
CREDIT
150000
150000
150000
Bank A/C Bal. Credit TOTAL
Bank A/C
Bal. Credit
TOTAL
150000
150000
150000
150000
Co. ACCOUNT A/C S.NO DATE 2 SEPT 1 DETAILS DEBIT CREDIT 150000 150000 Bank A/C Bal.
Co. ACCOUNT A/C S.NO DATE 2 SEPT 1 DETAILS DEBIT CREDIT 150000 150000 Bank A/C Bal.

LAND ACCOUNT

S.NO DATE DETAILS DEBIT CREDIT 3 SEPT 1 Bank A/C 75000 Bal. Debit 75000 TOTAL
S.NO
DATE
DETAILS
DEBIT
CREDIT
3
SEPT 1
Bank A/C
75000
Bal. Debit
75000
TOTAL
75000
75000
LAND ACCOUNT S.NO DATE DETAILS DEBIT CREDIT 3 SEPT 1 Bank A/C 75000 Bal. Debit 75000
LAND ACCOUNT S.NO DATE DETAILS DEBIT CREDIT 3 SEPT 1 Bank A/C 75000 Bal. Debit 75000

BUILDING ACCOUNT

S.NO DATE 3 SEPT 1
S.NO
DATE
3
SEPT 1
DETAILS
DETAILS
DEBIT 175000
DEBIT
175000
175000
175000
CREDIT
CREDIT
Bank A/C Bal. Debit TOTAL
Bank A/C
Bal. Debit
TOTAL
175000
175000
175000
175000
BUILDING ACCOUNT S.NO DATE 3 SEPT 1 DETAILS DEBIT 175000 175000 CREDIT Bank A/C Bal. Debit
BUILDING ACCOUNT S.NO DATE 3 SEPT 1 DETAILS DEBIT 175000 175000 CREDIT Bank A/C Bal. Debit

FURNITURE ACCOUNT

S.NO DATE DETAILS DEBIT CREDIT 4 SEPT 3 Style Craft A/C 30000 Bal. Debit 30000
S.NO
DATE
DETAILS
DEBIT
CREDIT
4
SEPT 3
Style Craft A/C
30000
Bal. Debit
30000
TOTAL
30000
30000
ACCOUNT S.NO DATE DETAILS DEBIT CREDIT 4 SEPT 3 Style Craft A/C 30000 Bal. Debit 30000
ACCOUNT S.NO DATE DETAILS DEBIT CREDIT 4 SEPT 3 Style Craft A/C 30000 Bal. Debit 30000

STYLE CRAFT ACCOUNT

S.NO DATE DETAILS DEBIT CREDIT 4 SEPT 3 Furniture A/C 30000 9 SEPT 26 Bank
S.NO
DATE
DETAILS
DEBIT
CREDIT
4
SEPT 3
Furniture A/C
30000
9
SEPT 26
Bank A/C
30000
TOTAL
30000
30000
S.NO DATE DETAILS DEBIT CREDIT 4 SEPT 3 Furniture A/C 30000 9 SEPT 26 Bank A/C
S.NO DATE DETAILS DEBIT CREDIT 4 SEPT 3 Furniture A/C 30000 9 SEPT 26 Bank A/C

PREPAID INSURANCE ACCOUNT

S.NO DATE 5 SEPT 5
S.NO
DATE
5
SEPT 5
DETAILS
DETAILS
DEBIT 540
DEBIT
540
540
540
CREDIT
CREDIT
Bank A/C Bal. Debit TOTAL
Bank A/C
Bal. Debit
TOTAL
540
540
540
540
PREPAID INSURANCE ACCOUNT S.NO DATE 5 SEPT 5 DETAILS DEBIT 540 540 CREDIT Bank A/C Bal.
PREPAID INSURANCE ACCOUNT S.NO DATE 5 SEPT 5 DETAILS DEBIT 540 540 CREDIT Bank A/C Bal.

SALARY ACCOUNT

S.NO DATE 6 SEPT 30 Bank A/C Bal. Debit TOTAL
S.NO
DATE
6
SEPT 30
Bank A/C
Bal. Debit
TOTAL
DETAILS
DETAILS
DEBIT 1800
DEBIT
1800
1800
1800
CREDIT
CREDIT
1800
1800
1800
1800
SALARY ACCOUNT S.NO DATE 6 SEPT 30 Bank A/C Bal. Debit TOTAL DETAILS DEBIT 1800 1800
SALARY ACCOUNT S.NO DATE 6 SEPT 30 Bank A/C Bal. Debit TOTAL DETAILS DEBIT 1800 1800

SUNDRY DEBTOR ACCOUNT

S.NO DATE DETAILS 7 SEPT 11 Prof. Sales A/C 8 SEPT 19 Bank A/C Bal.
S.NO
DATE
DETAILS
7 SEPT 11
Prof. Sales A/C
8 SEPT 19
Bank A/C
Bal. Debit
TOTAL
DEBIT 8820
DEBIT
8820
CREDIT
CREDIT
7620
7620
1200
1200
8820
8820
8820
8820
DATE DETAILS 7 SEPT 11 Prof. Sales A/C 8 SEPT 19 Bank A/C Bal. Debit TOTAL
DATE DETAILS 7 SEPT 11 Prof. Sales A/C 8 SEPT 19 Bank A/C Bal. Debit TOTAL

PROFESSIONAL SALES ACCOUNT

S.NO DATE DETAILS 7 SEPT 11 Sundry Debtor A/C Bal. Credit TOTAL
S.NO
DATE
DETAILS
7
SEPT 11
Sundry Debtor A/C
Bal. Credit
TOTAL
DEBIT
DEBIT
CREDIT 8820
CREDIT
8820
8820
8820
8820
8820
8820
8820
SALES ACCOUNT S.NO DATE DETAILS 7 SEPT 11 Sundry Debtor A/C Bal. Credit TOTAL DEBIT CREDIT
SALES ACCOUNT S.NO DATE DETAILS 7 SEPT 11 Sundry Debtor A/C Bal. Credit TOTAL DEBIT CREDIT

RENTAL ACCOUNT

S.NO DATE DETAILS DEBIT CREDIT 10 SEPT 28 O/S Expenses A/C 1500 Bal. Debit 1500
S.NO
DATE
DETAILS
DEBIT
CREDIT
10
SEPT 28
O/S Expenses A/C
1500
Bal. Debit
1500
TOTAL
1500
1500
RENTAL ACCOUNT S.NO DATE DETAILS DEBIT CREDIT 10 SEPT 28 O/S Expenses A/C 1500 Bal. Debit
RENTAL ACCOUNT S.NO DATE DETAILS DEBIT CREDIT 10 SEPT 28 O/S Expenses A/C 1500 Bal. Debit

GAS ACCOUNT

S.NO DATE DETAILS 10 SEPT 28 O/S Expenses A/C Bal. Debit TOTAL
S.NO
DATE
DETAILS
10
SEPT 28
O/S Expenses A/C
Bal. Debit
TOTAL
DEBIT 200
DEBIT
200
200
200
CREDIT
CREDIT
200
200
200
200
GAS ACCOUNT S.NO DATE DETAILS 10 SEPT 28 O/S Expenses A/C Bal. Debit TOTAL DEBIT 200
GAS ACCOUNT S.NO DATE DETAILS 10 SEPT 28 O/S Expenses A/C Bal. Debit TOTAL DEBIT 200

ELECTRICITY ACCOUNT

S.NO DATE DETAILS 10 SEPT 28 O/S Expenses A/C Bal. Debit TOTAL
S.NO
DATE
DETAILS
10
SEPT 28
O/S Expenses A/C
Bal. Debit
TOTAL
DEBIT 100
DEBIT
100
100
100
CREDIT
CREDIT
100
100
100
100
ELECTRICITY ACCOUNT S.NO DATE DETAILS 10 SEPT 28 O/S Expenses A/C Bal. Debit TOTAL DEBIT 100
ELECTRICITY ACCOUNT S.NO DATE DETAILS 10 SEPT 28 O/S Expenses A/C Bal. Debit TOTAL DEBIT 100

TELEPHONE ACCOUNT

S.NO DATE DETAILS 10 SEPT 28 O/S Expenses A/C Bal. Debit TOTAL
S.NO
DATE
DETAILS
10
SEPT 28
O/S Expenses A/C
Bal. Debit
TOTAL
DEBIT 1000
DEBIT
1000
1000
1000
CREDIT
CREDIT
1000
1000
1000
1000
TELEPHONE ACCOUNT S.NO DATE DETAILS 10 SEPT 28 O/S Expenses A/C Bal. Debit TOTAL DEBIT 1000
TELEPHONE ACCOUNT S.NO DATE DETAILS 10 SEPT 28 O/S Expenses A/C Bal. Debit TOTAL DEBIT 1000

OUTSTANDING EXPENSES ACCOUNT

S.NO DATE DETAILS DEBIT CREDIT 10 SEPT 28 Rental A/C 1500 10 SEPT 28 Gas
S.NO
DATE
DETAILS
DEBIT
CREDIT
10
SEPT 28
Rental A/C
1500
10
SEPT 28
Gas A/C
200
10
SEPT 28
Electricity A/C
100
10
SEPT 28
Telephone A/C
1000
Bal. Credit
2800
TOTAL
2800
2800
Gas A/C 200 10 SEPT 28 Electricity A/C 100 10 SEPT 28 Telephone A/C 1000 Bal.

TRIAL BALANCE As on……

PARTICULARS DEBIT CREDIT Capital A/C 140000 Bank A/C 15280 Finance Co. A/C 150000 Land A/C
PARTICULARS
DEBIT
CREDIT
Capital A/C
140000
Bank A/C
15280
Finance Co. A/C
150000
Land A/C
75000
Building A/C
175000
Furniture A/C
30000
Prepaid Insurance A/C
540
Salary A/C
1800
Sundry Debtor A/C
1200
Professional Sales A/C
8820
Rental A/C
1500
Gas A/C
200

TRIAL BALANCE

PARTICULARS DEBIT CREDIT Electricity A/C 100 Telephone A/C 1000 O/S Expenses A/C 2800 TOTAL 306120
PARTICULARS
DEBIT
CREDIT
Electricity A/C
100
Telephone A/C
1000
O/S Expenses A/C
2800
TOTAL
306120
306120
PARTICULARS DEBIT CREDIT Electricity A/C 100 Telephone A/C 1000 O/S Expenses A/C 2800 TOTAL 306120 306120
PARTICULARS DEBIT CREDIT Electricity A/C 100 Telephone A/C 1000 O/S Expenses A/C 2800 TOTAL 306120 306120

INCOME STATEMENT

For the year ending……

PARTICULARS AMOUNT SALES 8820 - COST OF SALES - (0) = GROSS PROFIT = 8820
PARTICULARS
AMOUNT
SALES
8820
- COST OF SALES
-
(0)
= GROSS PROFIT
=
8820
- SELLING & DISTRIBUTIVE
- (0)
-
ADMINISTRATIVE
- (4600)
(SALARY,RENTAL,GAS,ELECTRICITY,TELEPHONE)
=
EBIT (Earnings before interest & taxes)
=
4220
-
INTEREST
-
(0)
=
EBT (Earnings before taxes)
=
4220
-
TAXES
-
(0)
PROFIT
= 4220

BALANCE SHEET

as on….

Particulars Amount FIXED ASSETS : LAND 75000 BUILDING 175000 FURNITURE 30000 TOTAL 280000 CURRENT ASSETS:
Particulars
Amount
FIXED ASSETS :
LAND
75000
BUILDING
175000
FURNITURE
30000
TOTAL
280000
CURRENT ASSETS:
BANK
15280
DEBTORS
540
PREPAID INSURANCE
1200
TOTAL
17020
CURRENT LIABILITIES :
O/S EXPENSES
2800
TOTAL
2800
WORKING CAPITAL ( CA – CL)
14220

TOTAL

294220

PARTICULARS AMOUNT LIABILITIES : CAPITAL 140000 FINANCE CO. 150000 PROFIT 4220 TOTAL 294220
PARTICULARS AMOUNT LIABILITIES : CAPITAL 140000 FINANCE CO. 150000 PROFIT 4220 TOTAL 294220
PARTICULARS
AMOUNT
LIABILITIES :
CAPITAL
140000
FINANCE CO.
150000
PROFIT
4220
TOTAL
294220
PARTICULARS AMOUNT LIABILITIES : CAPITAL 140000 FINANCE CO. 150000 PROFIT 4220 TOTAL 294220
PARTICULARS AMOUNT LIABILITIES : CAPITAL 140000 FINANCE CO. 150000 PROFIT 4220 TOTAL 294220