SEAT NO.

421167
SEMESTER I
SUBJECT ACCOUNTANCY
SEAT NO. (in words) Four lakh twenty one thousand one hundred sixty seven
 ANALYSIS OF TRANSACTION

Sr.No. Transaction
1

5
LYSIS OF TRANSACTIONS

Accounts Nature of
Involved Accounts Affect Debit Credit
OR
Transaction
Cash +

a) Started Business with Cash 300,000

b) Purchased Furniture -40,000

New Equation 260,000

c) purchased goods from madhuri on credit for Rs.
50,000
New Equation 260,000

d) Additional capital introduced 10,000

New Equation 270,000

New Equation
 Accounting Equation
Assets
Inventory + Machinery + Bank + Furniture + Debtors

40,000

40,000

50,000 40,000

50,000 40,000

50,000 40,000
= Liability + Capital
= Creditors + Capital

300,000

300,000

50,000

50,000 300,000

10,000

50,000 310,000
 TRADIN
for th
Particulars
To opening stock
To purchases
Less: returns
To Carriages:
sales
purchases
To wages

To gross profit c/d

To salaries & wages

To depreciation: Plant
Machinery
To electrcity expenses
To advertisement
To depreciation: furniture
To Net profit (balancing figure)

working n
depreciation
Plant: (240,000 x 5%) =
Machinery: (40,000 x 5% x 6/12) =
Furniture: 32,000 x 5%
 TRADINING AND PROFIT & LOSS ACCOUNT
for the Year ended 31st March, 2021
Amount
500,000
105,000
2,340 102,660

8,900
5,600 14,500
10,250

327,840
955,250

41,000
12,000
1,000 13,000
20,130
51,200
1,600
 203,310
330,240

working nootes:

12,000
1000
1,600
ND PROFIT & LOSS ACCOUNT
r ended 31st March, 2021
Particulars Amount
By Sales 830,000
Less: Returns 1,860
831860

By closing stock 123,400

955,250
By gross profit b/d 327,840
By commission received 2,400
 330,240

:
OR BANK RECONCILIATION STATEMENT
as on 31st March 2021
Particulars

Balance as per Cash Book

1 DEBIT BALANCE AS PER CASHBOOK

2 Insurance premium paid by bank
3 Bank revered bank charges wrongly debited earlier
4 BR dihonoured not recorded in cashbook
5 Bill creadited in full amount in cash book
6 Cash book debit side undercast
7 Cheque not issues for payment
8 Bank charges not recorded in cash book
9 Interest allowed by bank

1
2
3
4
5
6
7
8
9

Balance as per Pass Book (favourable)

BANK RECONCILIATION STATEMENT

as on 31st March 2021
 Particulars

Balance as per Pass Book

Add:
1
2
3
4
5
6
7
8
9

Less:
1
2
3
4
5
6
7
8
9

Balance as per Cash Book

EMENT
1
Amount (Rs.) Amount (Rs.)

830,000
38,285
725
6092
5556
1865
4,320
680
1238

798,647
843,704

EMENT
1
Amount (Rs.) Amount (Rs.)
 In the Books of XYZ (Based i
Date
Jan-01

Jan-02

Jan-07

Jan-10

Jan-31
 In the Books of XYZ (Based in MP) as on
Particulars
Purchases a/c
Input IGST a/c
To Cash a/c

Purchases a/c
Input IGST a/c
To Discount received a/c
To Bank a/c

Purchases a/c
Input IGST a/c
To Discount received a/c
To Bank a/c
To Chris a/c

Bank a/c
To output IGST
To Sales

Bank a/c
Discount allowed a/c
To sales
To output IGST
) as on.. Working
L.F. Amount (Dr.) Amount (Cr.)
Dr. 22500 1
Dr. 4,050
26,550

Dr. 180,000 2
Dr. 32,400
3,600
208,400

Dr. 45,000
Dr. 8,100 3
900
22,050
22,050

Dr. 31,860 4
4860
27,000

Dr. 26,100 5
Dr. 450
22,500
4,050
 Working Note

List Price 25,000

Less: trade discount -2,500
Add: Tax 4,050
Total 26,550

List Price 200,000

Less: Trade discount -20,000
Add: tax 32,400
Less: Discount received -3,600
TOTAL 208,400

List Price 50,000

Less: Trade discount 5,000
Add: tax 8,100
Less: Discount received 900
TOTAL
 Method 1
In the Books of XYZ
DOUBLE COLUMN CASH BOOK
Date
Particulars L.F. Cash Bank
January (Rs.) (Rs.)
2021
Aug-01 Balance b/d 103,000 510,000
Aug-10 To Sales 169,000
Aug-16 To Viraj 8,450 15,720
Aug-16 To Cash (c) 8,450
Aug-20 To Bank (c) 13,000
Aug-24 To Sales 26,010
Aug-28 To Aura 6,200

124,450 735,380

To Balance b/d 87,950 617,722

 Method 1
the Books of XYZ
LE COLUMN CASH BOOK
Date
January Particulars L.F. Cash Bank (Rs.)
(Rs.)
2021
Aug-03 By Purchases 23,000
Aug-08 By Purchases 16,000
Aug-14 By Drawings 9600
Aug-16 By Bank (c) 8,450
Aug-20 By Cash (c) 13,000
Aug-23 By Ankita 34,578
Aug-26 By Prem 2,450 5,920
Aug-30 By Bank Charges 890
Aug-31 By drawings 40,270
31 By balance c/d 87950 617,722
124,450 735,380
Date Particulars

Aug-16 Discount allowed a/c Dr.

To Viraj

Aug-26 Prem a/c Dr.

To discount received

Note 1:

Note 2:

Note 3:

Date Particulars

Dr.

Dr.
L.F. Amount (Dr.) Amount (Cr.)

1,386
1,386

320
320

L.F. Amount (Dr.) Amount (Cr.)

 Ledger

CASH ACCOUNT
Date
January Particulars L.F. Amount (Rs.)
2021
1 Balance b/d

February
1 To Balance b/d

CAPITAL ACCOUNT
Date
January Particulars L.F. Amount (Rs.)
2021
1 Balance b/d
February
1 To Balance b/d

BANK ACCOUNT
Date
January Particulars L.F. Amount (Rs.)
2021
1 Balance b/d

February
1 To Balance b/d

PURCHASES ACCOUNT
Date
January Particulars L.F. Amount (Rs.)
2021
1 Balance b/d
 SALES ACCOUNT
Date
January Particulars L.F. Amount (Rs.)
2021
1 Balance b/d
 Ledger

CASH ACCOUNT
Date
January Particulars L.F. Amount (Rs.)
2021

31 Balance c/d

CAPITAL ACCOUNT
Date
January Particulars L.F. Amount (Rs.)
2021
 31 Balance c/d

BANK ACCOUNT
Date
January Particulars L.F. Amount (Rs.)
2021

31 Balance c/d

URCHASES ACCOUNT
Date
January Particulars L.F. Amount (Rs.)
2021
SALES ACCOUNT
Date
January Particulars L.F. Amount (Rs.)
2021