SCHOOL OF BUSINESS AND

MANGEMENT
Financial Accounting for Managers
MBA131
FAM CIA – 1
Submitted by:

Anand N Santosh - 2128104

Saranyan GJ - 2128122
Shruthi Shiva Kumar - 2128153
Siri R Vasist - 2128154
Mohammed Shahid - 2128165
1 MBA N
MISSION VISION CORE VALUES
CHRIST is a nurturing ground for an individual’s Excellence and Service Faith in God | Moral Uprightness
holistic development to make effective contribution to Love of Fellow Beings
the society in a dynamic environment Social Responsibility | Pursuit of Excellence
 CHRIST
Deemed to be University

Excellence and Service

 CHRIST
Deemed to be University

TRANSACTIONS

 Anand invests Rs.2,00,000 into We Do Catering Services.

 We Do Catering Services takes a loan of Rs.10,00,000.
 Company paid rent of Rs.40,000 for the month of August.
 Prepaid maintenance expenses of Rs.3000.
 Company bought a minivan for Rs.5,00,000 out of which only Rs.3,00,000 paid in
cash.
 Purchased fridge, stove and mixer for Rs.2,10,000.
 Purchased kitchen utensils for Rs.70,000 on credit.
 Purchased food supplies worth Rs.30,000 only Rs.15,000 paid in cash.
 Purchased paper plates & cups for Rs.5000.
 Paid Rs.6000 for vegetable vendors in advance.
 Received Rs.50,000 from client for services provided.

Excellence and Service

 CHRIST
Deemed to be University

 Paid off Rs.30,000 for kitchen utensils.

 Paid Rs.3,000 for printing visiting cards and pamphlets.
 Received Rs.70,000 out of Rs.90,000 worth of service provided.
 Paid wages of Rs.8,000 to cook.
 Used up food supplies worth Rs.23,000.
 Prepaid wages of Rs.5,000 to maid.
 Paid salaries of Rs.7,000 to the driver.
 Received Rs.20,000 of Accounts receivable.
 Paid Rs.10,000 for electricity & water charges.
 Bought food supplies worth Rs.30,000.
 Used up food supplies worth Rs.29,000.
 Received Rs.1,00,000 revenue for services.
 Paid Rs.6,000 as fuel expense.
 Paid Rs.2,000 towards vehicle insurance.

Excellence and Service

 CHRIST
Deemed to be University

ACCOUNTING EQUATION

Excellence and Service

 CHRIST
Deemed to be University

Excellence and Service

 CHRIST
Deemed to be University

PROFIT AND LOSS ACCOUNT

Excellence and Service

 CHRIST
Deemed to be University

BALANCE SHEET

Excellence and Service