Deepshikha’s Computer Classes | VIHAN JANGID

Voucher Example 3
The Following Would Be Recording In Journal Using Double Entry System. Do The Posting
Process From Journal Entries And Prepare The Trial Balance, Trading A/C, Profit & Loss
A/C And Balance Sheet In The Books Of M/S. U.V.S & CO For The Following Year 2024-25.
Particular Dr Cr
ICICI Bank 200000
Machine 400000
Land & Building 250000
Cash 50000
Investment 25000
Furniture 25000
Free-Hold property 150000
Capital 400000
Reserves & surplus 50000
Bank O/D 60000
Unpaid Exp 300000
Salary Due 50000
Bank Loan 40000
General Reserve 200000

Sundry Debtors:
M/S.Jana To Pay Him Bill No:26 Rs.10000
M/S.Dina To Pay Him Bill No:27 Rs.5000
M/S.Vine To Pay For Him Bill no:32 Rs.5000
Sundry Creditors:
M/S.Babu Traders For The Bill No:28 Rs.4000
M/S.Vijay Traders For The Bill No:32 Rs.6000
M/S.Sangee Traders For The Bill No:12 Rs.10000

TRANSACTION DURING THE PERIOD:

• 1. Paid For Electrical Charges Rs.20000

• 2. Paid Telephone Charges Rs.40000

 Deepshikha’s Computer Classes | VIHAN JANGID
• 3. Sold Goods To M/S.Jana Was Rs.16000 Bill no:25 (30days)

• 4. Received Cheque From M/S.Jana Rs.10000

• 5. Paid Salary Rs.30000

• 6. Received Commission Rs.30000

• 7. Withdraw From Personal Use Rs.1800

• 8. Salary Due Rs.1500

• 9. Dividend Received Rs.100000

• 10. Goods To M/S.Vine Bill No:28 Rs.8000

• 11. Sold Goods To M/S.Pavi Bill No:32 Rs.10000

• 12. Cash Purchase Tow Night Lamp Rs.3000

• 13. Paid Trade expense Rs.200

• 14. Withdraw From Bank Rs.2000

• 15. Sold Goods To Cash Rs.4000

• 16. Purchase Goods From Cash Rs.250

• 17. Paid Water Tax Charges Rs.450

• 18. Dividend Received Rs.50000

• 19. Paid Cash To Bank Rs.500

• 20. Paid For Postage & Telegram Rs.1500

• 21. Received Interest Rs.20000

• 22. Purchase Goods Form Babu Rs.8000

• 23. Paid Wages By Cheque Rs.2500

• 24. Cash Withdraw From Bank Rs.10000

Answers: 11,20,000
OPENING BALANCE

GROSS PROFIT 27,250

NET PROFIT 1,33,600

BALANCE SHEET 12,61,300