The following would be recorded in journal using double entry system. Do the posting process from journal and prepare the Trial balance and Trading account and Profit & loss account and Balance sheet in the books of M/S. ROYAL PARK for the following financial year of 1.4.2009 to 31.3.2010.
| Capital | 20000 |
| Cash | 4500 |
| Machinery | 2500 |
| HDFC Bank | 20000 |
| Typewriter | 11000 |
| Bank loan | 15000 |
| Reserves | 10000 |
| Sundry Creditors M/s. Abi Agencies was Rs.4000 bill no: 80 (40days) M/s. Kumaresan was Rs.4000 bill no: 100 (20days) |
Sundry Debtors M/s.Dhivya & CO was Rs. 10000 bill no: 36 (15days) M/s. Kumar has to pay for Rs. 7000 bill no: 345 |
Apr 01 Paid Rent Rs.300
Apr 15 Bought goods from M/s. Meena &co was Rs. Rs. 6000 bill no: 04(35days)
May 02 Paid Salary Rs.1000
May 01 Purchase goods from M/s.A.P COMPUTERS was Rs.50000 bill no:30 25days
May 09 Paid Dividend Rs.500 May 20 Received discount Rs.30000
June05 Received cheque from M/S.DIVYA&CO was Rs.10000 against the bill.36
June 28 Purchase furniture from M/S.ABI AGENCIES was Rs.2000 bill no:37
July 08 Issue debit note against to M/S.ABI AGENCIES was Rs.500 against bill no:80
July 21 Made settlement to M/S.ABI AGENCIES was Rs.1500 part settlement
Aug 04 Withdraw from personal use was Rs.1800
Aug 19 Good sold to M/S.VIJAY COMPUTERS was Rs.15000 bill no:90 (20days)
Sep 01 Cash purchased of computer Rs.10000
Sep 02 Stolen of typewriter Rs.2000
The following would be recorded in journal using double entry system. Do the posting process from journal and prepare the Trial balance and Trading account and Profit & loss account and Balance sheet in the books of M/S. THARAI & CO for the following financial year of 1.4.2011 to 31.3.2012
| Capital | 300000 |
| Cash | 150000 |
| Furniture’s | 100000 |
| KVB Bank | 150000 |
| Bills payable | 100000 |
| Prepaid expenses | 25000 |
| Unpaid expenses | 50000 |
| Machinery | 150000 |
| Bank loan | 120000 |
| Sundry Creditors M/s. ANU ENTERPRISES was Rs.30000 Date: 28.03.2011 bill no: 21 (40days) |
Sundry Debtors M/s. RIYAS & CO was Rs. 25000 Date: 18.03.2011 bill no: 010 (35days) |
Apr 5 paid telephone charges Rs.2000
Apr 10 Received commission Rs. 30000
Apr 23 An amount paid to M/s. ANU ENTERPRISES was Rs.15000 part settlement against bill no:21
May 01 Purchase goods from M/s. A.P COMPUTERS was Rs. 50000 bill no:30 25days
May 13 Depreciation of Machinery @ 10%
May 19 Cash withdraw from bank Rs.10000
May 27 Bank O/D Received Rs.15000
June 08 Bank loan Received Rs. 200000
June 29 Paid Wages Rs. 1500
July 06 Good sold on credit to M/S.SARASWATHI PRINTERS was Rs.90000 bill no:01
July 25 Paid Fright charges Rs. 500
Aug 01 We return to M/s. A.P COMPUTERS was Rs. 5000 against bill no:30
Aug 24 Dividend received Rs.30000
Sep 08 Paid Salary Rs.5000
Sep 12 Paid Printing & Stationery Rs.300
Oct 05 Amount received from M/s. RIYAS & CO was Rs.20000 against bill:010 And discount allowed to Rs.1000 balance amount Bad debit written off
The Following Would B 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. HINDUSTAN PVT LTD For The Following Year 2003 To 2004
| Capital | 400000 |
| Cash | 300000 |
| Bank Loan | 200000 |
| Bank | 100000 |
| Reserves & Surplus | 120000 |
| Furniture | 50000 |
| Profit & Loss A/C | 20000 |
| Land & Building | 60000 |
| Outstanding Salary | 50000 |
| Bank O/D | 150000 |
| Prepaid Expenses | 20000 |
| Machinery | 60000 |
| Stock | 150000 |
| Sundry Creditors M/S. Fami & Co Rs.35000 Bill No.F55 (20days) M/S. Thangam Agencies Rs.15000 Bill No:TA25 |
Sundry Debtors M/S. Dharshna Traders Rs.70000 Bill No:DT85 (15days) M/S. National Towers Rs.50000 Bill No:NT65 (25days) M/S. Anbu Agencies Rs.30000 Bill No:AA02 (30days) |
1. Paid Advertisement Charges Rs.2000
2. Amount Withdraw From Personal Use Rs.50000
3. Interest Received Rs.10000
4. Cash Deposit Into Bank Rs.6000
5. Amount Paid To Mr.Fami & Co Was Rs.30000 And Balance Rs.5000 Discount Received.
6. Goods Purchased From M/S Compaq Ltd Was Rs.200000 Bill No:22
7. Amount Received From Mr. National Towers Rs.30000 Part Amount
8. Salary Paid By Cheque Rs.15000
9. Fright Charges Paid Rs.2500
10. Depreciation Of Machinery And Land & Buildings @ 5% And 10%
11. Stock Rs.30000 Used For Proprietor Own Use
12. Goods Sold To M/S. Aravind Was Rs.350000 Bill No:25 (20days)
13. Bank O/D Settled Rs.50000
14. Cash Withdraw From Bank Rs.40000
15. issued Debit Note Against To M/S. Compaq Ltd Was Rs.15000
16. Credit Note Received From M/S. Aravind Was Rs.10000
17. Paid Wages By Cheque Rs.10000
18. Paid Postage Was Rs.250
19. Paid Stationery Rs.75
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 2007 To 2008
| ICICI Bank | 200000 |
| Machinery | 400000 |
| Land & Building | 250000 |
| Cash | 50000 |
| Investment | 25000 |
| Furniture | 25000 |
| Free-Hold Property | 150000 |
| Capital | 400000 |
| Reserve & Surplus | 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 Billno: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 |
1. Paid For Electrical Charges Rs.20000
2. Paid Telephone Charges Rs.40000
3. Sold Goods To M/S.Jana Was Rs.16000 Billno: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. Sold 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. Withdraw From Bank Rs.2000
20. Sold Goods To Cash Rs.4000
21. Purchase Goods From Cash Rs.250
22. Paid Water Tax Charges Rs.450
23. Dividend Received Rs.50000
24. Paid Cash To Bank Rs.500
25. Paid For Postage & Telegram Rs.1500
26. Received Interest Rs.20000
27. Purchase Goods Form Babu Rs.8000
28. Paid Wages By Cheque Rs.2500
29. Cash Withdraw From Bank Rs.10000
The following world be recorded in journal using double entry system. Do the posting process from journal and prepare the trial balance and trading account and Profit & Loss account and Balance sheet in books of Ms. Vel & Co for the following financial year of 1.4.2015 to 31.3.201.
| ICICI Bank | 200000 |
| Machinery | 400000 |
| Land & Building | 250000 |
| Cash | 50000 |
| Investment | 25000 |
| Furniture | 25000 |
| Free-Hold Property | 150000 |
| Capital | 400000 |
| Reserve & Surplus | 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 Billno: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 |
1. Paid For Electrical Charges Rs.20000
2. Paid Telephone Charges Rs.40000
3. Sold Goods To M/S.Jana Was Rs.16000 Billno: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. Sold 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. Withdraw From Bank Rs.2000
20. Sold Goods To Cash Rs.4000
21. Purchase Goods From Cash Rs.250
22. Paid Water Tax Charges Rs.450
23. Dividend Received Rs.50000
24. Paid Cash To Bank Rs.500
25. Paid For Postage & Telegram Rs.1500
26. Received Interest Rs.20000
27. Purchase Goods Form Babu Rs.8000
28. Paid Wages By Cheque Rs.2500
29. Cash Withdraw From Bank Rs.10000
The following would be recorded in journal using double entry system. Do the posting process from journal and prepare the trial balance and trading account and profit& loss account and balance sheet in the books of M/S.ANNA PARK for the following financial year of 1.04.2011 to 31.03.2012.
| Outstanding exp | 50000 |
| Factory | 30000 |
| Land & Building | 250000 |
| Capital | 200000 |
| Stock | 50000 |
| Furniture | 25000 |
| Cash | 100000 |
| Furniture | 100000 |
| HDFC Bank | 50000 |
| Bills payable | 100000 |
| Prepaid expenses | 20000 |
| Machinery | 100000 |
| Bank loan | 100000 |
| Bill receivables | 20000 |
| Sundry Debtors M/s.yoga Enterprises was Rs.25000 Date 28.03 .2011 bill no:31[40 days] |
Sundry Creditors M/s. Priya&co was Rs.25000 Date [18.03.2011]bill no:011[35days] |
1. Paid for Electrical charges Rs.500
2. Paid Telephone charges Rs.500
3. Sold goods to M/s. Priya & Co was Rs.5000 bill no:410
4. Received cheque from M/s. Priya Rs.10000 against bill no: 011
5. Paid Salary Rs. 10000
6. Received Commission Rs.30000
7. Withdraw from personal use Rs.1500
8. Salary due Rs.500
9. Dividend received Rs.40000
10. Paid postage Rs. 1000
11. Paid Stationery Rs.1000
12. Issue debit note against to M/s. Yoga Enterprises was Rs.5000 against bill no :31
13. Bank o/d settled Rs.12000
14. Goods purchased from m/s company ltd was Rs.50000 Bill no:22
15. Sold goods to m/s pavi & co was Rs.80000 Bill no:90[20 days]
The following would be recorded in journal using double entry system. Do the posting process from journal and prepare the trial balance and trading account and profit & loss account and balance sheet in book of M/S. Nivash & Co for the following financial year 1.4.2019 to 31.3.2020
| SBI Bank | 30000 |
| Capital | 30000 |
| Cash | 10000 |
| Machinery | 3000 |
| Type writer | 17000 |
| Bank loan | 20000 |
| Reserves | 10000 |
| Sundry Debtors M/s Siva & co was Rs. 20000 bill no: 45 M/s Rathiga & co has to pay for Rs. 5000 bill no: 97 |
Sundry Creditors M/s Ck Agencies was Rs. 10000 bill no: 49 M/s Priya & co for 15000 bill no: 45 |
1. Paid Rent 400
2. Bought goods from M/s meena & Co was Rs 7000 bill no:05 (30 days)
3. Paid Salary Rs 1000
4. Paid Dividend 600
5. Received Discount Rs 40000
6. Received Cheque from M/s Siva & Co was Rs 20000 against the bill no: 45
7. Purchase furniture from M/s Ck agencies was Rs 2000 bill no: 94
8. Issue debit note against to M/s Ck agencies 500
9. Made Settlement to M/s Ck Agencies was Rs 1500 against bill no: 94
10. Withdraw From personal Use was Rs1000
11. Goods Sold to M/s Nikitha Computers was Rs 10000 bill no:66
12. Cash Purchased of Computers Rs. 11000
13. Stolen of type writer Rs. 2000.
The Following Would be recorded in journal using double entry system. Do the posting process From journal and prepare the Trial balance and Trading account and profit & loss account and balance sheet in the books of M/s VSS & CO for the following financial year of 1.4.2020 to 31.3.2021.
| Particulars | Dr(Rs) | Cr(Rs) |
| Capital | 400000 | |
| Cash | 150000 | |
| Furniture’s | 100000 | |
| Indian Bank | 180000 | |
| Bills payable | 100000 | |
| Prepaid Expenses | 25000 | |
| Unpaid Expenses | 50000 | |
| Machinery | 200000 | |
| Bank Loan | 100000 | |
| Sundry Debtors M/s Ramya & Co Was Rs 35000 bill no: 010 (30days) |
Sundry Creditors M/s HP Enterprises Was Rs 40000 bill no: 49 (20days) |
|
1. Telephone Charge 1000
2. Received Commission 30000
3. An Amount Paid to M/s HP Enterprises was Rs 20000 Part Settlement against bill No: 49
4. Purchase Goods from M/s Durga & Co was 10000 bills no: 44 (25days)
5. Depreciation on Machinery @ 10%
6. Cash Withdrawal for personal use 1000
7. Bank loan received 20000
8. Paid Fright Charge 500
9. Paid Salary 5000
10. Paid Printing & Stationery 500
11. Interest Received 10000
12. Goods Sold From Kavya & Co 200000 bill no: 68
The following would be recorded in journal using double entry system. Do the posting process from journal and prepare the Trial balance and trading account and profit & loss account and balance sheet in the books of M/S NANDY PARK the following financial year of 1.4.2013 to 31.3.2014.
| KVB bank | 20000 |
| Capital | 20000 |
| Cash | 2200 |
| Bank loan | 10000 |
| Machinery | 2500 |
| Furniture | 10000 |
| Sundry Debtors M/s Raju & co was Rs.1000 bill no.MS23 |
Sundry Creditors M/s Giri & co was Rs.5700 bill no. DC234 |
1. Paid wages Rs.1000
2. Bought goods from M/S RIYA&CO was Rs.6000 bill no.KM54
3. Goods sold to M/S RATHI&CO was Rs.15000 bill.no.MS78
4. Issue debit note against to M/S SURUTHI&CO was Rs.200
5. Credit note received from M/S PATLU&CO was Rs.500
6. Interest received Rs.500
7. Paid Postage Rs.200
8. Commission received Rs.1000
9. Paid audit fees Rs.100
10. Bank loan received Rs.1000
The following would be recorded in journal using double entry system. Do the posting process from journal and prepare the Trial balance and trading account and profit &loss account and balance sheet in the books of M/S SIVA PARK for the following financial year of 1.4.2010 to 31.3.2011.
| Particulars | RS | Particulars | RS |
| Cash | 50000 | capital | 300000 |
| Furniture | 30000 | Reserves | 20000 |
| Building | 60000 | Bills payable | 10000 |
| Free hold property | 50000 | Bank O/d | 5000 |
| SBI bank | 80000 | Prepaid expenses | 12000 |
| Machinery | 50000 | Type writer | 7000 |
| Sundry Debtors Nandhu & Co was Rs.1000 Bill no. RM45 |
Sundry Creditors SMR & Co was Rs.5000 Bill no.GH34 |
||
Apr 01 Bought goods from M/S VINE & CO was Rs.50000 Bill No.TN54
Apr 15 Paid Telephone charges Rs.500
Apr 17 Issue debit note against to M/S R & CO was Rs.5000
Apr 19 Credit note received from M/S N&CO was Rs.1000
Apr 21 Goods sold to M/S M & CO was Rs.110000
Apr 23 Cash withdraw from bank Rs.50000
Apr 28 Amount withdraw from personal use Rs.1000
May 02 Received interest Rs. 20000
May 05 Bank loan received Rs.1000
June 01 Bank O/D settled Rs.300
June 08 Stolen of typewriter Rs.1000
Aug 28 Discount received Rs.10000
Sep 01 Paid stationery 500
Sep 05 Cash deposit in to bank Rs.2000
Sep 08 Salary due Rs1000
Sep 20 Withdraw from bank Rs 500
Sep 25 Paid wages by cheque Rs.500
Oct 01 Divided received Rs.1000
Oct 05 Paid water charges Rs.100
Oct 20 Paid electrical charges RS.200
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