Description

Cash
cost of merchandise sold
Merchandise Inventory
Sarfraz's capital
 Hasna Super Store
Unadjusted Trial Balance
31st October 2015
 er Store
rial Balance
ber 2015
Debit Credit

PKR 7,000,000.00
PKR 64,200.00
PKR 6,000,000.00
PKR 13,000,000.00
PKR 13,000,000.00 PKR 13,000,000.00
Revenue from sales:
Sales
Discounts
Net Sales
Cost of merchandise sold
Gross profit
Administrative expenses:
Utilities expense
rent expense
Salaries expense
Insurance expense
Misc. administrative expense
Total administrative expenses
Total operating expenses
Net income
 Hasna Super Store
Income Statement
For The Month Ended October 31st 2015

PKR 6,788,380.00
PKR 3,069.95

PKR 109,000.00
PKR 142,000.00
PKR 115,000.00
PKR 30,000.00
PKR 10,000.00
dministrative expenses PKR 406,000.00
PKR 6,785,310.05
PKR 5,931,160.00
PKR 854,150.05

PKR 406,000.00
PKR 6,379,310.05
 Hasna Super Sto
Satement Of Owner's
For The Month Ended Octo

Sarfraz, Capital , October 1st ,2017

Net Income for the month
less withdrawls
Increase in Owner's Equity
Sarfraz, Capital, October 31st, 2017
 Hasna Super Store
Satement Of Owner's Equity
r The Month Ended October 31, 2017

PKR 1,30,00000
PKR 6,379,310.05
PKR 3,50,000
PKR 6,029,310.05
PKR 19,029,310.05
 Journal
Date Item Post Reference
Oct,2017 31 Sales 41
Income summary 33

31 Income summary 33
Cost of Merchandise Sold 55
rent expense 52
Salaries expense 51
Utilities expense 54
Insurance expense 56
Misc. administrative expense 58

31 Income summary 33
Sarfraz, Capital 31

31 Sarfraz, Drawing 32
Income Summary 33
 Debit Credit
PKR 6,788,380.00
PKR 6,788,380.00

PKR 6,337,160.00
PKR 5,931,160.00
PKR 142,000.00
PKR 115,000.00
PKR 109,000.00
PKR 30,000.00
PKR 10,000.00

PKR 19,029,310.05
PKR 19,029,310.05

PKR 3,50,000
PKR 3,50,000
 EFF DEE WATER COMPANY
Date Item Post Ref. Debit Credit
2017 Oct 1 21 7400
2-Oct 21 6600
3-Oct 21 7700
4-Oct 21 7955
5-Oct 21 20000
11-Oct 21 40000
25-Oct 21 25000
26-Oct 21 4810
30-Oct 21 30000

AZMAT TRADERS
Date Item Post Ref. Debit Credit
2017 Oct 2 21 3608
8-Oct 21 4976
15-Oct 21 2757
22-Oct 21 5765
24-Oct 21 17106

BUNNY'S BREAD
Date Item Post Ref. Debit Credit
2017 Oct 6 21 4651
12-Oct 21 3094
15-Oct 21 8680
21-Oct 21 2447
25-Oct 21 5541
26-Oct 21 24413
 DAWN BREAD
Date Item Post Ref. Debit Credit
2015 Oct 1 21 7657
2-Oct 21 4400
3-Oct 21 10483
4-Oct 21 5419
5-Oct 21 6000
9-Oct 21 5036
10-Oct 21 38995
13-Oct 21 4651
16-Oct 21 4651

Minhaj Traders
Date Item Post Ref. Debit Credit
2015 Oct 5 21 20000
16-Oct 21 30000
26-Oct 21 50000

SHARJEEL TRADERS
Date Item Post Ref. Debit Credit
2015 Oct 13 21 31321
28-Oct 21 33784

DEEN BROTHERS (MILK PAK)

Date Item Post Ref. Debit Credit
2015 Oct 7 21 10000
Y MEHAR FOOD (ATTA)
Balance
Debit Credit Date Item Post Ref. Debit Credit
7400 2017 Oct 1 21 17075
14000 10-Oct 21 12200
21700 11-Oct 21 20000
29655 26-Oct 21 11460
49655 31-Oct 21 102657
9655
34655
39465
9465

ADAMS MILK
Balance
Debit Credit Date Item Post Ref. Debit Credit
3608 2017 Oct 2 21 3750
4976 5-Oct 21 9372
11341 7-Oct 21 8527
17106 9-Oct 21 8221
0 12-Oct 21 8311
14-Oct 21 1875
21-Oct 21 10847
26-Oct 21 10631
31-Oct 21 61534

Balance
Debit Credit
4651
7745
16425
18872
24413
0
 Balance
Debit Credit
7657
12057
22540
27959
33959
38995
0
4651
0

Mujahid electric
Balance
Debit Credit Date Item Post Ref. Debit Credit
20000 2015 Oct 2 21 4572
50000 9-Oct 21 2760
0 22-Oct 21 19656
29-Oct 21 11080

K and N DISTRIBUTORS
Balance
Debit Credit Date Item Post Ref. Debit Credit
31321 2015 Oct 1 21 50484
65105 14-Oct 21 26766

K)
Balance
Debit Credit
10000
A)
Balance
Debit Credit
17075
29275
9275
20735
1223392

Balance
Debit Credit
3750
13122
21649
29870
38181
40056
50903
61534
0
 Balance

4572
7332
26988
38068

ORS
Balance
Debit Credit
50484
77250
 Hasna Super Store
End of Period Spreads
October 31st,2017
Accounts Trial Balance
Dr.
Cash PKR 7,000,000.00
Accounts Receivable
Merchandise Inventory PKR 6,000,000.00
Accounts Payable
Sarfaraz,Capital
Sales
Cost of Merchandise Sold
Rent Expense
Utilities Expense
Salary Expense
Insurance Expense
Miscellaneous Expense
Net Income
 Hasna Super Store
End of Period Spreadsheet
October 31st,2017
Trial Balance Income Statement Balance Sheet
Cr. Dr. Cr. Dr. Cr.
7000000

743978

PKR 13,000,000.00 PKR 19,029,310.05

PKR 6,788,380.00
PKR 5931160.00 PKR 5,931,160.00
PKR 142,000.00
PKR 109,000.00
PKR 115,000.00
PKR 30,000.00
PKR 10,000.00
PKR 6,379,310.05
 Cash Receipt Journ
Date Accounts Credited Post Ref.
2017 Oct 1 Sales 41
2-Oct Yousaf Gillani √
2-Oct Sales 41
3-Oct Colonel Najam √
3-Oct Sales 41
4-Oct Sales 41
5-Oct Yousaf Gillani √
5-Oct Colonel Najam √
5-Oct Sales 41
6-Oct Sales 41
7-Oct Sales 41
8-Oct Sales 41
9-Oct Sales 41
10-Oct Major Zia √
10-Oct Sales 41
11-Oct Sales 41
12-Oct Sales 41
13-Oct Sales 41
14-Oct Brigadier Amjad √
14-Oct Sales 41
15-Oct Sales 41
16-Oct Sales 41
17-Oct Arsalan Akram √
17-Oct Sales 41
18-Oct Abdullah Al Sabah √
18-Oct Sales 41
19-Oct Sales 41
20-Oct Major Akram √
21-Oct Sales 41
22-Oct Sales 41
23-Oct Sales 41
24-Oct Sales 41
25-Oct Sales 41
26-Oct Sales 41
26-Oct Brigadier Amjad √
27-Oct Abdullah Al Sabah √
27-Oct Sales 41
28-Oct Sales 41
29-Oct Lt. Colonel Imtiaz √
29-Oct Sales 41
30-Oct Sales 41
30-Oct Brigadier Javed Shah √
31-Oct Sales 41
Total
Grand Total
Cash Receipt Journal Page no.1
Other Accounts Cr. Accounts Receivable Cr. Cash Dr.
220340 220340
3000 3000
217233 217233
3500 3500
242892 242892
248276 248276
3000 3000
6300 6300
228420 228420
236838 236838
220195 220195
242840 242840
196732 196732
5000 5000
224770 224770
224986 224986
197691 197691
197243 197243
5000 5000
219880 219880
211898 211898
201847 201847
2000 2000
209309 209309
4500 4500
236092 236092
222892 222892
6000 6000
226517 226517
227965 227965
262611 262611
256806 256806
229948 229948
209962 209962
5000 5000
8000 8000
253027 253027
210695 210695
5900 5900
214912 214912
192746 192746
7000 7000
238617 238617
6724180 64200 6788380
6788380 6788380
 Page no.1
Cost of Merchandise sold Dr. Merchandise inventory Cr
193176

189088

211795
215965

200389
207546
194649
212358
174741

196732
199035
173500
172569

194745
184893
177754

185477

207986
197133

196377
201422
229574
221307
200960
186253

222427
184024

188289
 170789

207487
5898440
 Cash Payment Journ
Date Accounts Debited Post Ref.
2017 Oct 8 K and N Distributors √
8-Oct Miscellaneous expense 58
10-Oct Dawn bread √
11-Oct Electricity expense 54
11-Oct EFF DEE water company √
11-Oct Mehar Food (Atta) √
12-Oct Rent expense 52
13-Oct Telephone expense 54
16-Oct Dawn bread √
19-Oct Repair and Maintainence expense 54
24-Oct Azmat traders √
26-Oct Minhaj Traders √
31-Oct Salaries expense 51
Total
h Payment Journal Page no.2
Other Accounts Dr. Accounts Payable Dr. Merchandise inventory Dr. Cash cr.
100000 100000
10000 10000
38995 38995
74000 74000
40000 40000
20000 20000
142000 142000
15000 15000
4651 4651
20000 20000
17106 17106
50000 50000
115000 115000
376000 170752 100000 646752
 ABDULLAH
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 10 12 4500 4500
18-Oct 12 4500 0
25-Oct 12 8000 8000
27-Oct 12 8000 0

Amjad
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 7 12 7000 7000
14-Oct 12 5000 2000
23-Oct 12 3000 5000
26-Oct 12 5000 0

Colonel Najam
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 1 12 4000 4000
3-Oct 12 3500 500
4-Oct 12 5800 6300
5-Oct 12 6300 0

Akram
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 18 12 6000 6000
20-Oct 12 6000 0
 Yousaf Gillani
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 1 12 6000 6000
2-Oct 12 3000 3000
5-Oct 12 3000 0
 ARSALAN AKRAM
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 15 12 2000 2000
17-Oct 12 2000 0

Javed Shah
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 11 12 7000 7000
30-Oct 12 7000 0

Colonel Imtiaz
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 3 12 3400 3400
28-Oct 12 2500 5900
29-Oct 12 5900 0

Zia
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 4 12 2000 2000
7-Oct 12 3000 5000
10-Oct 12 5000 0
 Purchases Journal
Date Accounts Credited
2017. Oct 1 Dawn Bread
1-Oct EFF DEE WATER COMPANY
1-Oct K and N Distributors
1-Oct Mehar Food (Atta)
2-Oct Dawn Bread
2-Oct Mujahid Electric
2-Oct Adam Milk
2-Oct EFF DEE WATER COMPANY
2-Oct Azmat Traders
3-Oct Dawn Bread
3-Oct EFF DEE WATER COMPANY
4-Oct EFF DEE WATER COMPANY
4-Oct Dawn Bread
5-Oct EFF DEE WATER COMPANY
5-Oct Adam Milk
5-Oct Dawn Bread
5-Oct Minhaj Traders
6-Oct Bunny's bread
7-Oct Adam Milk
7-Oct Deen Brothers (Milk Pak)
8-Oct Azmat Traders
9-Oct Dawn Bread
9-Oct Mujahid Electric
9-Oct Adam Milk
10-Oct Mehar Food (Atta)
12-Oct Bunny's bread
12-Oct Adam Milk
13-Oct Dawn Bread
13-Oct Sharjeel Traders
14-Oct Adam Milk
14-Oct K and N Distributors
15-Oct Bunny's bread
15-Oct Azmat Traders
16-Oct Minhaj Traders
21-Oct Bunny's bread
21-Oct Adam Milk
22-Oct Azmat Traders
22-Oct Mujahid Electric
25-Oct EFF DEE WATER COMPANY
25-Oct Bunny's bread
26-Oct Mehar Food (Atta)
Page
P/R Accounts Payable Cr.
√ 7657
√ 7400
√ 50484
√ 17075
√ 4400
√ 4572
√ 3750
√ 6600
√ 3608
√ 10483
√ 7700
√ 7955
√ 5419
√ 20000
√ 9372
√ 6000
√ 20000
√ 4651
√ 8527
√ 10000
√ 4976
√ 5036
√ 2760
√ 8221
√ 12200
√ 3094
√ 8311
√ 4651
√ 31321
√ 1875
√ 26766
√ 8680
√ 2757
√ 30000
√ 2447
√ 10847
√ 5765
√ 19656
√ 25000
√ 5541
√ 11460
26-Oct EFF DEE WATER COMPANY √ 4810
26-Oct Adam Milk √ 10631
28-Oct Sharjeel Traders √ 33784
29-Oct Azmat Traders √ 15159
29-Oct Mujahid Electric √ 11080
31-Oct Mehar Food (Atta) √ 102657
Total 625138
rnal Page no.3
Merchandise inventory Dr. Other Accounts Dr. P/R Amount
7657
7400
50484
17075
4400
4572
3750
6600
3608
10483
7700
7955
5419
20000
9372
6000
LCD Television 18 20000
4651
8527
10000
4976
5036
2760
8221
12200
3094
8311
4651
31321
1875
26766
8680
2757
Refrigerator 18 30000
2447
10847
5765
19656
25000
5541
11460
 4810
10631
33784
15159
11080
102657
575138 50000
 General Jou
Date
2017 Oct 1

2-Oct

3-Oct
4-Oct

5-Oct
6-Oct

7-Oct

8-Oct
 9-Oct

10-Oct

11-Oct
12-Oct

13-Oct

14-Oct
15-Oct

16-Oct

17-Oct
18-Oct

19-Oct

20-Oct
21-Oct

22-Oct

23-Oct

24-Oct
25-Oct

26-Oct

27-Oct
28-Oct

29-Oct

30-Oct

31-Oct
 General Journal
Description Post Ref. Debit
Merchandise Inventory 13 82616
Accounts Payable 21
Purchased supplies on account

Accounts receivable 12 10000

Fees earned 42
Sales on account to Yousaf Gillani and Colonel Najam

Cost of Merchandise sold 55 5500

Merchandise inventory 13

Cash 11 220340
Sales 41

Cost of Merchandise sold 55 193176

Merchandise inventory 13

Cash 11 13000000
Sarfaraz, Capital 31

Cash 11 217233
Sales 41

Cost of Merchandise sold 55 189088

Merchandise Inventorty 13

Merchandise Inventory 13 22930

Accounts Payable 21
Purchases on account

Cash 11 3000
Account Receivable-Yousaf Gillani 12
Received cash for sales on account

Cash 11 242892
Sales 41

Cost of Merchandise sold 55 189088

Merchandise Inventory 13
Merchandise Inventory 13 18183
Accounts Payable 21
Purchases on account

Cash 11 3500
Accounts Receivable-Colonel Najam 12
Received cash from sales on account

Accounts Receivable 12 3400

Fees earned 42
Sales on account to Lt.Colonel Imtiaz

Cost of Merchandise sold 55 2000

Merchandise Inventory 13

Cash 11 248276
Sales 41

Cost of Merchandise sold 55 215965

Merchandise Inventory 13

Merchandise Inventory 13 13374

Accounts Payable 21
Purchased supplies on account

Accounts Receivable 12 7800

Fees earned 42

Cost of Merchandise sold 55 4000

Merchandise Inventory 13
Sales on account to Col.Najam and Major Zia

Cash 11 228420
Sales 41

Cost of Merchandise sold 55 200389

Merchandise Inventory 13

Merchandise Inventory 13 35372

Accounts Payable 21
Purchases on account

Equipment 18 20000
Accounts Payable-Minhaj Traders 21
Purchased an LCD television on account

Cash 11 9300
Accounts Receivable 12
Received cash payment from Yousaf Gillani and Col. Najam for sales on account

Cash 11 236838
Sales 41

Cost of Merchandise sold 55 207546

Merchandise Inventory 13

Merchandise Inventory 13 4651

Accounts Payable 21
Purchased supplies on account

Cash 11 220195
Sales 41

Cost of Merchandise sold 55 194649

Merchandise Inventory 13

Merchandise Inventory 13 18527

Accounts Payable 21
Purchases on account

Accounts Receivable 12 10000

Fees earned 42

Cost of Merchandise sold 55 5280

Merchandise Inventory 13
Sales on account to Major Zia and Brigadier Amjad

Cash 11 242840
Sales 41

Cost of Merchandise sold 55 212358

Merchandise Inventory 13

Merchandise Inventory 13 4976

Accounts Payable 21
Purchased supplies on account

Miscellaneous expense 58 10000

Cash 11
Merchandise inventory 13 100000
Cash 11
Paid K and N distributors 0.1 million rupees for their supplies

Cash 11 196732
Sales 41

Cost of Merchandise sold 55 174741

Merchandise Inventory 13

Merchandise Inventory 13 16017

Accounts Payable 21
Purchased supplies on account

Cash 11 224770
Sales 41

Cost of Merchandise sold 55 196732

Merchandise Inventory 13

Accounts Receivable 12 4500

Fees earned 42

Cost of Merchandise sold 55 1500

Merchandise Inventory 13
Sale on account to Abdullah Al Sabah

Cash 11 5000
Accounts Receivable 12
Received cash payment from Major Zia for sale on account

Merchandise Inventory 13 12200

Accounts Payable 21
Purchases on account

Accounts Payable-Dawn Bread 21 38995

Cash 11
Paid cash to Dawn bread suppliers for supplies on account

Cash 11 224986
Sales 41

Cost of Merchandise sold 55 199035

Merchandise Inventory 13
Accounts Receivable 12 7000
Fees earned 42

Cost of Merchandise sold 55 3700

Merchandise Inventory 13
Sale on account to Brigadier Javed Shah

Electricity expense 54 74000

Cash 11
Paid electricity bill

Accounts Receivable 12 60000

Cash 11
Paid EFF DEE water company and Mehar food (Atta) for supplies on account

Cash 11 197691
Sales 41

Cost of Merchandise sold 55 173500

Merchandise Inventory 13

Merchandise Inventory 13 11405

Accounts Payable 21
Purchases on account

Rent expense 52 142000

Cash 11
Paid shop rent

Cash 11 197243
Sales 41

Cost of Merchandise sold 55 172569

Merchandise Inventory 13

Merchandise Inventory 13 35972

Accounts Payable 21
Purchases on account

Telephone expense 54 15000

Cash 11
Paid telephone bill

Cash 11 219880
 Sales 41

Cost of Merchandise sold 55 194745

Merchandise Inventory 13

Merchandise Inventory 13 28641

Accounts Payable 21
Purchases on account

Cash 11 5000
Accounts Receivable-Brigadier Amjad 12
Received cash payment for sale on account from Brig.Amjad

Cash 11 211898
Sales 41

Cost of Merchandise sold 55 184893

Merchandise Inventory 13

Merchandise Inventory 13 11437

Accounts Payable 21
Purchases on account

Accounts Receivable 12 2000

Fees earned 42

Cost of Merchandise sold 55 900

Merchandise Inventory 13
Sale on account to Arsalan Akram

Cash 11 201847
Sales 41

Cost of Merchandise sold 55 177754

Merchandise Inventory 13

Equipment 18 3000
Accounts Payable 21
Purchased a refrigerator from Minhaj Traders

Accounts Payable 21 4651

Cash 11
Paid Dawn bread suppliers for purchase on account

Cash 11 209309
 Sales 41

Cost of Merchandise sold 55 185477

Merchandise Inventory 13

Cash 11 2000
Accounts Receivable 12
Received cash from Arsalan Akram for sales on account

Cash 11 236092
Sales 41

Cost of Merchandise sold 55 207986

Merchandise Inventory 13

Cash 11 4500
Accounts Receivable-Abdullah Al Sabah 12
Received cash from Abdullah Al Sabah for sale on account

Accounts Receivable 12 6000

Fees earned 42

Cost of Merchandise sold 55 2500

Merchandise inventory 13
Sale on account to Major Akram

Cash 11 222892
Sales 41

Cost of Merchandise sold 55 197133

Merchandise Inventory 13

Repair and maintainence expense 54 20000

Cash 11
Repair and maintainence of equipment

Cash 11 198390
Sales 41

Cost of Merchandise sold 55 174480

Merchandise Inventory 13

Cash 11 6000
Accounts Receivable-Major Akram 12
Received cash payment from Major Akram for sales on account
Cash 11 226517
Sales 41

Cost of Merchandise sold 55 196377

Merchandise Inventory 13

Merchandise Inventory 13 13294

Accounts Payable 21
Purchased supplies on account

Cash 11 227965
Sales 41

Cost of Merchandise sold 55 201422

Merchandise Inventory 13

Merchandise Inventory 13 25421

Accounts Payable 21
Purchases on account

Cash 11 262611
Sales 41

Cost of Merchandise sold 55 229574

Merchandise Inventory 13

Accounts Receivable 12 3000

Fees earned 42

Cost of Merchandise sold 55 1600

Merchandise Inventory 13
Sales on account to Brigadier Amjad

Cash 11 256806
Sales 41

Cost of Merchandise sold 55 221307

Merchandise Inventory 13

Accounts Payable 21 17106

Cash 11
Paid Azmat traders for purchases on account
Cash 11 229948
Sales 41

Cost of Merchandise sold 55 200960

Merchandise Inventory 13

Merchandise Inventory 13 30541

Accounts Payable 21
Purchased supplies on account

Accounts Receivable 12 8000

Fees earned 42

Cost of Merchandise sold 55 4500

Merchandise Inventory 13
Sale on account to Abdullah Al Sabah

Cash 11 209962
Sales 41

Cost of Merchandise sold 55 186253

Merchandise Inventory 13

Accounts Payable 21 50000

Cash 11
Paid cash to Minhaj Traders for purchases on account

Merchandise Inventory 13 26901

Accounts Payable 21
Purchase on Account

Cash 11 5000
Account Receivable 12
Received cash from Brigadier Amjad for sale on account

Cash 11 253027
Sales 41

Cost of Merchandise sold 55 222427

Merchandise Inventory 13

Cash 11 8000
Account Receivable 12
Received cash payment from Abdullah Al Sabah for sale on account
Cash 11 210695
Sales 41

Cost of Merchandise sold 55 184024

Merchandise Inventory 13

Merchandise Inventory 13 33784

Accounts Payable 21
Purchase on account from Sharjeel traders

Cash 11 214912
Sales 41

Cost of Merchandise sold 55 188289

Merchandise Inventory 13

Cash 11 5900
Accounts Receivable 12
Received cash payment from Lt.Colonel Imtiaz for sale on account

Merchandise Inventory 13 26239

Accounts Payable 21
Purchase on Account

Cash 11 192746
Sales 41

Cost of Merchandise sold 55 170789

Merchandise Inventory 13

Cash 11 7000
Accounts Receivable 12
Received Cash payment from Brigadier Javed Shah for sale on account

Cash 11 238617
Sales 41

Cost of Merchandise sold 55 207487

Merchandise Inventory 13

Salaries Expense 51 115000

Cash 11
Paid salaries to employees

Merchandise Inventory 13 102657

 Accounts Payable 21
Purchase on Account

insurance expense 56 30000

Prepaid expense 15

Sarfaraz, Drawing 32 350000

Cash 11
Credit

82616

10000

5500

220340

193176

13000000

217233

189088

22930

3000

242892

189088
 18183

3500

3400

2000

248276

215965

13374

7800

4000

228420

200389

35372

20000
 9300

236838

207546

4651

220195

194649

18527

10000

5280

242840

212358

4976

10000
100000

196732

174741

16017

224770

196732

4500

1500

5000

12200

38995

224986

199035
 7000

3700

74000

60000

197691

173500

11405

142000

197243

172569

35972

15000
219880

194745

28641

5000

211898

184893

11437

2000

900

201847

177754

3000

4651
209309

185477

2000

236092

207986

4500

6000

2500

222892

197133

20000

198390

174480

6000
226517

196377

13294

227965

201422

25421

262611

229574

3000

1600

256806

221307

17106
229948

200960

30541

8000

4500

209962

186253

50000

26901

5000

253027

222427

8000
210695

184024

33784

214912

188289

5900

26239

192746

170789

7000

238617

207487

115000
102657

30000

350000
 Sales Journal Pa
Date Accounts Debited
2017 Oct 1 Yousaf Gillani
1-Oct Colonel Najam
3-Oct Imtiaz
4-Oct Colonel Najam
4-Oct Zia
7-Oct Zia
7-Oct Amjad
10-Oct Abdullah
11-Oct Javed Shah
15-Oct Arsalan Akram
18-Oct Akram
23-Oct Amjad
25-Oct Abdullah
28-Oct Imtiaz
les Journal Page no.4
Post Ref. Cost of Merchandise sold Dr. Merchandise inventory Cr.
√ 3500
√ 2000
√ 2000
√ 3000
√ 1000
√ 1500
√ 3780
√ 1500
√ 3700
√ 900
√ 2500
√ 1600
√ 4500
√ 1240
32720
Accounts Receivable Dr. Fees earned Cr.
6000
4000
3400
5800
2000
3000
7000
4500
7000
2000
6000
3000
8000
2500
64200
 Account:Cash Account no.11
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Sep 30 Balance 7000000
31-Oct CR1 6788380 13788380
31-Oct CP2 646752 13141628

Account:Merchandise Inventory Account no.13

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Sep 30 Balance 6000000
31-Oct PJ3 625138 6625138
31-Oct CP2 100000 6725138
31-Oct SJ4 32720 6692418
31-Oct CR1 5898440 7939738

Account:Accounts Payable Account no.21

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Sep 30 Balance 100000
31-Oct APSL 1513280 1613280

Account:Sarfaraz, Capital Account no. 31

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 1 0 13000000 13000000

Account: Sarfaraz ,Drawing Account no. 32

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 31 0 350000 350000
 Account:Sales Account no.41
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 31 CR1 6788380 6788380

Account: Fees Earned Account no. 42

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 31 0 0
 Account: Account Receivables Account no.12
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 31 Balance 0

Account: Prerpaid Expense Account no.15

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 31 0 30000 30000

Account:Office Equipment Account no.18

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 31 PJ3 50000 50000

Account: Salaries Expense Account no. 51

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 31 CP2 115000 115000

Account: Income Summary Account no. 33

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 31 Closing 0 6788380 6788380
31-Oct Closing 0 6337160 6337160
31-Oct Closing 0 19029310.05 19029310.05
31-Oct Closing 0 350000
 Account:Rent Expense Account no.52
Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 12 CP2 142000 142000

Account: Utilities Expense Account no.54

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 11 CP2 74000 74000
13-Oct CP2 15000 89000
19-Oct CP2 20000 109000

Account: Cost of Merchandise Sold Account no. 55

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 31 SJ4 32720 32720
31-Oct CR1 5898440 5931160

Account: Insurance Expense Account no. 56

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 31 Adjusting 0 30000 30000

Account: Miscellaneous Expense Account no. 58

Balance
Date Item Post Ref. Debit Credit Debit Credit
2017 Oct 8 CP2 10000 10000