Business Accounting

ANALYSIS OF TRANSACTION
Sr.No. Transaction
1
Seat number (in words) - Four lakh twenty one thousand twenty nine
Seat number (in numbers) - 421029
Name of the Course - Business Accounting
Semester - SEMESTER I
LYSIS OF TRANSACTIONS
Accounts Nature of
Involved Accounts Affect Debit Credit
usand twenty nine

Transaction
Cash +
Started Business with Cash 300,000
Purchased Furniture 40,000 -
New Equation 260,000
Purchased goods from Madhuri on credit
Additional Capital introduced 10,000 +
New Equation

Accounting Equation
Assets
Inventory + Machinery + Bank + Furniture + Debtors
40,000
40,000
50,000
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
Semester - SEMESTER I To Opening Stock
To Purchases
To Return Outwards
To Freight Inwards
To Wages
To Outstanding
To Gross Profit
To Salaries
To Outstanding
To Discount allowed
To Depreciation
To Interest on Capital
To Bad Debts
To Postage Expenses
To Internet Expenses
To Net Profit
TRADINING AND PROFIT & LOSS ACCOUNT
for the Year ended 31st March, 2021
Amount
19,00,000
2,25,000
7,320 217,680
7400
12,000
2000 10,000
923,680
3058760
45000
1900 43,100
5700
500,000
47125
10,000
2300
41,000
279,255
928480
our lakh twenty one thousand twenty nine Name of the Course - Business Accounting
ND PROFIT & LOSS ACCOUNT
r ended 31st March, 2021
Particulars Amount
By Sales 2,957,000
By Return Inward 1240 1,240 2,955,760
By Closing Stock 103,000
3058760
To Gross Profit 923,680
By Discount Received 2,400

By Commission 2400
928480
usiness Accounting
BANK RECONCILIATION STATEMENT
as on 31st March 2021
Particulars
Balance as per Cash Book

Add:
1 Cheque Collected not banked
2 Credit balance wrongly recorded
3 Payment not entered
4 Cheque Recorded not Banked
5
6
7
8
9
Less:
1 Direct deposit not entered in cash book
2 Credit sum in error by bank
3 Withdrawal column undercasted
4 Dividend collected not recorded
5
6
7
8
9
Balance as per Pass Book
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.) Seat number (in numbers) - 421029

Seat number (in words) - Four lakh twenty one tho
250000 Name of the Course - Business Accounting
2450
32000
14320
275
49045 49045
15870
8203
660
82
24815 24815
24,230
EMENT
1
Amount (Rs.) Amount (Rs.)

lakh twenty one thousand twenty nine
Accounting
In the Books of X
Date
Jan-22
Jan-22
7-Jan
Jan-22
In the Books of XYZ
Particulars
Purchase A/c
Input IGST A/c
To Tony A/c
Purchase A/c
Input IGST A/c
To Bank A/c
To Discount Allowed
Purchase A/c
Input IGST A/c
To Cash
To Chris A/c
To Discount Allowed
Bank A/c
To Sales A/c
To Output IGST
Bank A/c
Discount Allowed
To Sales A/c
To Output IGST
Working
L.F. Amount (Dr.) Amount (Cr.) 1
Dr. 22,500
4,050
Cr. 26,550
2
Dr. 180,000
Dr. 32,400
Cr 208,152
Cr 4,248
Dr. 45,000 3
8,100
CR 26,019
CR 26,550
CR 531
4
Dr. 31,860
Cr 27,000
Cr 4860
5
Dr. 26,019
531
22,500
4,050
Working Note
List Price
Method 1
In the Books of
DOUBLE COLUMN CASH BOOK
Date
Cash Bank
January Particulars L.F. (Rs.) (Rs.)
2021
Aug-01 Balance b/d 103,000 510,000
Trade Discount 1,600
Bank Deposit 169,000
Reciept from Viraj 24,170
Bank Withdrawal 13,000
Sales (Reyansh) 26,010
Cash Discount 320
Deposit by Aura 6200
117,920 735,380
To Balance b/d

Method 1
In the Books of
LE COLUMN CASH BOOK
Date
Cash
January Particulars L.F. (Rs.) Bank (Rs.)
2021
Purchase from prem 23,000
Cash Purchase 14,440
Bank Withdrwal 9,600
Bank Withdrwal 13,000
Payment to Anika 34,578
Payment to Prem 2,450 5,920
Bank Charges 890
Income Tax 40,270
31 Balance c/d 101,030 608,122
117,920 735,380
usand twenty nine

Date Particulars
Dr.
Dr.
Note 1:
Note 2:
Note 3:
Date Particulars
Dr.
Dr.
L.F. Amount (Dr.) Amount (Cr.)
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
2021
1 Balance b/d
February
1 To Balance b/d
BANK ACCOUNT
Date
2021
1 Balance b/d
February
1 To Balance b/d
PURCHASES ACCOUNT
Date
2021
1 Balance b/d
SALES ACCOUNT
Date
Particulars L.F. Amount (Rs.)
2021
1 Balance b/d
Ledger
CASH ACCOUNT
Date
2021
31 Balance c/d
CAPITAL ACCOUNT
Date
2021
31 Balance c/d
BANK ACCOUNT
Date
2021
31 Balance c/d
URCHASES ACCOUNT
Date
2021
SALES ACCOUNT
Date
Particulars L.F. Amount (Rs.)
2021

Business Accounting

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Business Accounting

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ANALYSIS OF TRANSACTION

usand twenty nine

Started Business with Cash 300,000

Purchased Furniture 40,000 -

New Equation 260,000

Purchased goods from Madhuri on credit

New Equation 260,000

Additional Capital introduced 10,000 +

New Equation 270,000

Seat number (in numbers) - 421029

To Gross Profit 923,680

By Discount Received 2,400

Balance as per Cash Book

Balance as per Pass Book

BANK RECONCILIATION STATEMENT

Balance as per Cash Book

Amount (Rs.) Amount (Rs.) Seat number (in numbers) - 421029

Amount (Rs.) Amount (Rs.)

Seat number (in numbers) - 421029

usand twenty nine

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

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