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JOURNAL ENTRY
for financial year 2019-2020
DATE PARTICULARS Dr Cr
1-Jan Cash A/C 500000
To Capital A/C 500000
115000
Capital Consumption Allowance Initial Value
Depreciation All the assets have to be depreciated Years
Initial Value - Purchase Price of the asset 0
Every year Depreciation will be charged 1
SLM Straight Line Method IV/NO OF YEARS 2
WDV Written Down Value Method PERCENTAGE 3
20% 4
5
Capital A/C
Dr
DATE PARTICULAR AMOUNT DATE
1-Jan
Sales A/C
Dr
DATE PARTICULAR AMOUNT DATE
1-Jan
2-Jan
16-Jan
Purchase A/C
Dr
DATE PARTICULAR AMOUNT DATE
2-Jan To Cash 8000
Electricity A/C
Dr
DATE PARTICULAR AMOUNT DATE
Maintainenance A/C
Dr
DATE PARTICULAR AMOUNT DATE
Sanjeev A/C
Dr
DATE PARTICULAR AMOUNT DATE
16-Jan To Sales 3420
Satish A/C
Dr
DATE PARTICULAR AMOUNT DATE
Harish A/C
Dr
DATE PARTICULAR AMOUNT DATE
Dr
DATE PARTICULAR AMOUNT DATE
16-Jan To Sales 380
LEDGER
Cr
PARTICULAR AMOUNT
By Purchase 8000
Cr
PARTICULAR AMOUNT
By Cash 30000
Cr
PARTICULAR AMOUNT
By Cash 2500
By Cash 1500
By Sanjeev 3420
By Discount Given 380
Cr
PARTICULAR AMOUNT
Cr
PARTICULAR AMOUNT
ainenance A/C
Cr
PARTICULAR AMOUNT
Cr
PARTICULAR AMOUNT
Cr
PARTICULAR AMOUNT
Cr
PARTICULAR AMOUNT
Cr
PARTICULAR AMOUNT
TRIAL BALANCE
at the end of March 2020
particulars debit credit
Initial Outlay 151000
Annual Cashflows 46461
Terminal Cashflow 37000
Year Cashflows
0 -500 AT 14%
1 250 0.877
2 250 0.769
3 250 0.675
4 250 0.592
5 250 0.519
2.52 YEARS
28.65%
Year A B
0 -1800000 -500000
1 650000 200000
2 650000 200000
3 650000 200000
4 650000 200000
5 650000 200000
($2,079,575.01) ($639,869.23)
($279,575.01) ($139,869.23)
$279,575.01 $139,869.23
$1.16 $1.28
2 BV 160000
3 BV 128000
4 BV 102400
5 BV 81920
for 5 years
40755.2631578947
35750.2308402585
31359.8516142619
27508.6417668964
43347.0280961345
178721.015475446
27721.0154754461
18.4%
-250000
219.298245614035 100000
192.366882117575 411.66512773161 100000
168.742879050504 0.523488 100000
148.020069342547 100000
129.842166089954 100000
($335,215.51)
88.3348722683903 PI $1.34
3.3522 335215.50980114
335000 85215.50980114
85000
PI 1.3408620392046
at 25% at 27%
80000
64000
51200
40960
32768
268928
18928
$8,267.00
3200
C D
-650000 -900000
350000 450000
350000 450000
350000 450000
350000 450000
350000 450000
($1,119,771.16) ($1,439,705.77)
($469,771.16) ($539,705.77)
$469,771.16 $539,705.77
$1.72 $1.60