Scribd Logo
Upload

Welcome to Scribd!

  • FAC Case 3 Solution

    Uploaded by

    Shraddha Patil
    5 views3 pages
    1. The document provides a summary of assets, expenses, liabilities, owner's equity and revenue for a company over multiple periods. 2. It lists assets like cash, bank, machinery, furniture, and debtors and expenses like purchases, salary, sales loss, insurance premium, rent. 3. The document also shows liabilities, owner's equity, and revenue amounts to balance the accounting records.

    Original Description:

    FAC Case

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    1. The document provides a summary of assets, expenses, liabilities, owner's equity and revenue for a company over multiple periods. 2. It lists assets like cash, bank, machinery, furniture, and debtors and expenses like purchases, salary, sales loss, insurance premium, rent. 3. The document also shows liabilities, owner's equity, and revenue amounts to balance the accounting records.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views3 pages

    FAC Case 3 Solution

    Uploaded by

    Shraddha Patil
    1. The document provides a summary of assets, expenses, liabilities, owner's equity and revenue for a company over multiple periods. 2. It lists assets like cash, bank, machinery, furniture, and debtors and expenses like purchases, salary, sales loss, insurance premium, rent. 3. The document also shows liabilities, owner's equity, and revenue amounts to balance the accounting records.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Example 1B

    S.No. Assets Expenses


    Bank Cash Machine FurnitureStationaryAR/Debtor Item Purchase goodsSalary Sales loss
    1 850,000 300000 Aman
    2 550000 -550000
    3 -174500 174500
    4 -35600 35600
    5 -9400
    6 1400
    7 54300
    8 -650 650
    9 23000
    10 28500
    11 -41000 31000
    12 -31200
    13 22800 -23000
    14 -28000 Mohit
    15 56700
    16 -100
    17 14000
    18 -1700
    19 -1000
    20 9000 -10000 1000
    21 50000 -55000
    343,000 324,050 290,000 174,500 650 0 0 77,100 31,000 1,000
    LiabilitiesOwner's Equity Revenue
    Bad debt
    Insurance premium
    Adv Discount Frieght Rent AP
    Sohan 1,150,000

    9400
    1400
    54300

    23000
    28500
    10000
    31200
    200
    -28500 500
    56700
    100 Kapil
    14000
    -1700
    -1000

    5000
    5,000 10,000 31,200 200 100 9,400 13,000 1,150,000 134,200
    1,297,200 1,297,200

    You might also like