BOOKEEPING AND ACCOUNTS Book Keeping and Accounts Book Keeping and Accounts Case No. 1: Mr. Singh General Journal Entries Date Particulars Debit Credit 30 - Sep Cash 1600 Capital 1600 1 - Oct Rent Expense 150 Cash 150 2 - Oct Purchase (XYZ Meat Factory) 780 Accounts Payable (XYZ Meat Factory) 780 3 - Oct Cash 49 Sales 49 4 - Oct Purchases (Feather Farm) 200 Accounts Payable (Feather Farm) 200 5 - Oct Account Receivable (Highlands Hotel) 120 Sales (Highlands Hotel) 120 6 - Oct Accounts Payable (Feather Farm) 20 Purchase Return (Feather Farm) 20 8 - Oct Bank 1000 Cash 1000 10 - Oct Sales Return (Highlands Hotel) 24 Accounts Receivable (Highlands Hotel) 24 12 - Oct Cash 88 Sales 88 15 - Oct Salary Expense 50 Cash 50 16 - Oct Accounts Payable (XYZ Meat Factory) 780 Purchase Discount (XYZ Meat Factory) 78 Bank 702 17 - Oct Accounts Receivable (Nippy Cafe) 140 Sales 140 20 - Oct Purchases Shop counter 75 Bank 75 24 - Oct Sales Discount (Nippy Cafe) 7 Cash 133 Accounts Receivable (Nippy Cafe) 140 26 - Oct Bank 600 Cash 600 28 - Oct Purchases (Weighing Scales) 48 Cash 48 30 - Oct Cash 100 Bank 100 31 - Oct Salary Expense 60 Cash 60 Sales Bok Date Particulars Amount 3 - Oct Cash 49 5 - Oct Accounts Receivable (Highlands Hotel) 120 17 - Oct Accounts Receivable (Nippy Cafe) 140 1 - Nov 309 Purchases Book Date Particulars Amount 2 - Oct Purchase (XYZ Meat Factory) 780 4 - Oct Purchases (Feather Farm) 200 28 - Oct Purchases (Weighing Scales) 48 20 - Oct Purchases Shop counter 75 1 - Nov 1103 Return Inward Book Date Particulars Amount 10 - Oct Sales Return (Highlands Hotel) 24 24 - Oct Sales Discount (Nippy Cafe) 7 1 - Nov 31 Return Outward Book Date Particulars Amount 6 - Oct Purchase Return (Feather Farm) 20 16 - Oct Purchase Discount (XYZ Meat Factory) 78 1-Nov 98 Ledger Accounts Cash Book Debit Credit Date Particulars Amount Date Particulars Amount 30 - Sep balance 1600 1 - Oct Rent Expense 150 3 - Oct Sales 49 8 - Oct Cash 1000 12 - Oct Sales 88 15 - Oct Salary Expense 50 24 - Oct Accounts Receivable (Nippy Cafe) 133 26 - Oct Bank 600 30 - Oct Bank 100 28 - Oct Purchases (Weighing Scales) 48 31 - Oct Salary Expense 60 31 - Oct Bal c/d 62 1970 1970 1 - Nov Bal b/d 62 Rent Expense Debit Credit Date Particulars Amount Date Particulars Amount 1 - Oct Cash 150 Purchases Debit Credit Date Particulars Amount Date Particulars Amount 2 - Oct Purchase (XYZ Meat Factory) 780 4 - Oct Purchases (Feather Farm) 200 28 - Oct Purchases (Weighing Scales) 48 20 - Oct Purchases Shop counter 75 31 - Oct Bal c/d 1103 1 - Nov Bal b/d 1103 Accounts Payable Debit Credit Date Particulars Amount Date Particulars Amount 2 - Oct Purchase (XYZ Meat Factory) 780 6 - Oct Purchase Return (Feather Farm) 20 4 - Oct Purchases (Feather Farm) 200 16 - Oct Accounts Payable (XYZ Meat Factory) 780 31 - Oct bal c/d 180 980 980 1 - Nov bal b/d 180 Sales Debit Credit Date Particulars Amount Date Particulars Amount 3 - Oct Cash 49 5 - Oct Accounts Receivable (Highlands Hotel) 120 12 - Oct Cash 88 17 - Oct Accounts Receivable (Nippy Cafe) 140 31 - Oct bal c/d 397 1 - Nov bal b/d 397 Accounts Receivable Debit Credit Date Particulars Amount Date Particulars Amount 10 - Oct Sales Return (Highlands Hotel) 24 5 - Oct Sales (Highlands Hotel) 311 24 - Oct Accounts Receivable (Nippy Cafe) 140 17 - Oct Accounts Receivable (Nippy Cafe) 140 31 - Oct bal c/d 287 451 451 1 - Nov bal b/d 287 Sales Return Debit Credit Date Particulars Amount Date Particulars Amount 10 - Oct Sales Return (Highlands Hotel) 24 24 - Oct Sales Discount (Nippy Cafe) 7 31 - Oct Bal c/d 31 1 - Nov Bal b/d 31 Capital Debit Credit Date Particulars Amount Date Particulars Amount 30 - Sep balance 1600 31 - Oct Bal c/d 1600 1 - Nov Bal b/d 1600 Purchase Return Debit Credit Date Particulars Amount Date Particulars Amount 6 - Oct Purchase Return (Feather Farm) 20 16 - Oct Purchase Discount (XYZ Meat Factory) 78 31 - Oct Bal c/d 98 1 - Nov Bal b/d 98 Salary Expense Debit Credit Date Particulars Amount Date Particulars Amount 15 - Oct Salary Expense 50 31 - Oct Salary Expense 60 31 - Oct Bal c/d 110 1 - Nov Bal b/d 110 Trial Balance Ledger Account Debit Balance Credit Balance Cash Balance 1970 Rent Expense 150 Purchases 1103 Accounts Payable 980 Sales 397 Accounts Receivable 451 Sales Return 31 Purchase Return 98 Salary Expense 110 Capital 1600 3445 3445 Trial balance in accounting is a list of accounts to a specific date as each book of the expense of two columns, one for the discount and the second of credit and within the system to enter the double must be a total of debit balances in any transaction equal to the total appropriations, bringing the debtor side in the trial balance is always equal to the sum of the creditor. Thus, the trial balances as a tool to detect errors that can lead to unequal groups (Pyle and Kermit, 1999, 20-96). Where the representation of funds is usually negative in this case, the total trial balance should be 0. With the balance of this review does not guarantee the absence of any errors, ...
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