Professional Documents
Culture Documents
1 DR
CR
Return of goods
10b DR
CR
Return of goods
DR
CR
DR
CR
DR
CR
Account Name P/L or B/S Debit Amount
Insurance expense P/L 2,000
Bank B/S
Return of goods
Goods B/S 1,500
Purchase of goods P/L
Return of goods
Sold 10000
Bought 6000
4000
67%
Credit Amount
3,000
Credit Amount
10,000
Credit Amount
4,000
Credit Amount
6,000
Credit Amount
400
Credit Amount
10,000
Credit Amount
500
Credit Amount
3,000
Credit Amount
2,000
1,500
1197.604790419
10,000
10,000
20,000
Balance Sheet
ASSETS
FIXED ASSETS
BUILDINGS 800,000
CURRENT ASSETS
DEBTS
ank
Debit Amount Credit Amount
40,000 DR Purchase of goods P/L
20,000 CR Bank B/S
20,000 DR Purchase of goods P/L
CR Supplier B/S
paid in cash
Debit Amount Credit Amount
1,000
1,000
cash
Debit Amount Credit Amount
97,000 DR Client 100,000.00
100,000 CR Sales 100,000.00
3,000
DR Bank 97,000.00
nt CR Client 100,000.00
Debit Amount Credit Amount DR Discount granted 3,000.00
20,000
20,000
r
Debit Amount Credit Amount
40,000
40,000 80,000 40,000
50% of 80 000 outstanding balance
e to supplier
Debit Amount Credit Amount
100,000
10,000
110,000
erest
Debit Amount Credit Amount
5,000
5,000
s
20,000
20,000
20,000
20,000
ASSET ACCOUNTS LIABILITY ACCOUNTS
Buildings Capital
DR CR DR
OB = 800,000 CB = 800,000 CB = 340,000
DR CR DR
OB = 90,000 2=20,000 6=20,000
1=5,000 7=40,000 7=40,000
3=1,000 8=110,000 CB=40,000
5=97,000 9=5,000
CB=18,000
FY results
Cash
DR CR DR
OB = 20,000 1=5,000 10=20,000
4=5,000 10=10,000
CB=10,000 10=5,000
10=3,000
10=5,000
CB=58,000
DR CR DR
DR CR DR
DR CR DR
CCOUNTS
EXPENSE ACCOUNTS
Purchased
CR
goods
OB = 340,000 DR CR
2=40,000 6=20,000
10=20,000
CR Rent
OB = 600,000 DR CR
4=5,000 10=5,000
CR Interest expense
OB = 80,000 DR CR
2=20,000 8=10,000 10=10,000
Fees
DR CR
9=5,000 10=5,000
CR
10=100,000
10=1,000 Discount granted
DR CR
5=3,000 10=3,000
CR
CR
CR
INCOME ACCOUNTS
Sale of goods
DR CR
10=100,000 5=100,000
Interest Income
DR CR
10=1,000 3=1,000
DR CR
DR CR
DR CR
Result of the year Amount
Income
Sale of goods 100,000
Interest income 1,000
Expenses
Purchase of goods 20,000
Rent 5,000
Interest expense 10,000
Fees 5,000
Discount granted 3,000
Total Expenses 43,000
Result 58,000
Balance Sheet
ASSETS
FIXED ASSETS
BUILDINGS 800,000
CURRENT ASSETS
STOCK/ INVENTORY/ GOODS 110,000
CASH 10,000
BANK ACCOUNT 18,000