Scribd Logo
Upload

Welcome to Scribd!

  • 2 views

    Vivek_057_CPS (1)

    Uploaded by

    prafullvijay002

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Vivek_057_CPS (1)

    Uploaded by

    prafullvijay002
    2 views5 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    2 views5 pages

    Vivek_057_CPS (1)

    Uploaded by

    prafullvijay002

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 5

    Date Particulars

    2024 Jan. 1 Cash A/c Dr.


    To ABC Capital A/c (commenced business with cash)
    2 Bank A/c Dr.
    To Cash A/c (Cash deposited to bank)
    3 Purchases A/c Dr.
    To Cash A/c (Goods purchased by cash)
    4 Purchases A/c Dr.
    To Lipton & Co. A/c (Goods purchased on credit)
    5 Cash A/c Dr.
    To Sales A/c (Cash sales made)
    6 Salaries A/c Dr.
    To Cash A/c (Salaries paid)
    7 Lipton & Co. A/c Dr.
    To Bank A/c (Payment made by Cheque)
    8 Furniture A/c Dr.
    To Cash A/c (Furniture bought for cash)
    9 Electricity Charges A/c Dr.
    To Cash A/c (Electricity charges paid)
    10 Insurance premium A/c Dr.
    To Bank A/c (Insurance premium on furniture paid)
    11 Charities A/c Dr.
    To Purchases A/c (Goods given for charities)
    12 Drawing A/c Dr.
    To Purchases A/c (Goods taken over for personal use)
    13 Lipton & Co. A/c Dr.
    To Bills payable A/c (Bill drawn by Lipton & Co. A/c accepted)
    14 D and Co. A/c Dr.
    To Sales A/c (Good sold on credit)
    15 Bank A/c Dr.
    Bills receivable A/c Dr.
    To D and Co. A/c (Cheque with Bill received from D and Co. for the amount due)
    16 Cash A/c Dr.
    To ABC's capital A/c (Capital added)
    17 Bank A/c Dr.
    Discount A/c Dr.
    To Bills receivable A/c (Bills receivable discount with the bank)
    18 Bank A/c Dr.
    To Cash A/c (cash deposited to bank)
    19 M A/c Dr.
    To Sales A/c (Goods sold on credit to M)
    20 Sales return A/c Dr.
    To M A/c (Goods returned by M)
    Debit (Rs.) Credit (Rs.)
    80,000 Trial Balance A/C
    80000 Particular Dr. Cr.
    40000 Cash A/c 116,000
    40000 Capital A/c 280000
    5000 Purchases 5000
    5000 Lipton 0
    15000 sales 61000
    15000 furniture 4000
    11000 electricity 1000
    11000 insurance premium 300
    5000 Charities 3000
    5000 drawings 12000
    10000 Discount 1000
    10000 D & Co. 0
    4000 Bills receivable 0
    4000 M ac. 37000
    1000 Bank A/c 158,700
    1000 Salaries A/c 5000
    300 Bills Payable 5000
    300 Sales return 3000
    3000 Total 346,000 346000
    3000
    12000
    12000
    5000
    5000
    10000
    10000
    3000
    7000
    10000
    200000
    200000
    6000
    1000
    7000
    120000
    120000
    40000
    40000
    3000
    3000

    291,000 175000
    116,000
    Income Statement Balance Sheet
    Particulars Amount Equity & Liability Amount
    Sale 61000 Equity
    Less Sales Return 3000 Capital 280000
    Net Sales 58000 PAT 42700
    COGS 5000 Drawing 12000
    Gross Profit 53000 Total Fund 310700
    Less Expenses Liability
    Electricity 1000 Non current Liability Amount
    Insurance Premium 300 Long Term borrowings 0
    Salaries 5000 Lease Obligation 0
    Total Operating Expenses 6300 Pension & Retirement Benefits 0
    Operating Profit 46700 Total Non Current Liability 0
    Other expenses 4000 Current Liability Amount
    EBITDA 42700 Bills Payable 5000
    DA 0 Accrued Expenses 0
    Interest Cost 0 Unearned Revenue 0
    PBT 42700 Short Tem Debt 0
    Tax 0 Total Current Liability 5000
    PAT 42700 Total Liability & Capital 315700
    Assets
    Non-Current Assets Amount
    Tangible Assets
    Land & Building 0
    Plant & Machinery 0
    Furniture 4000
    Total Non Current Assets 4000
    Current Assets Amount
    Cash 116,000
    Bank 158,700
    Debtors 37000
    Total Current Assets 311,700
    Total Assets 315,700
    Cash Flow Statement Direct Method
    Cash From Operating Activities Amount
    Cash Recipts
    Sales 20000

    Cash Payments
    Purchases 5000
    Salaries 5000
    Lipton paid off 10000
    Electricity 1000
    Insurance 300
    Net Cash Flow from Operating Activities -1300
    Cash Flow From Investing Activity Amount
    Cash Recipts

    Cash Payments
    Furniture -4000

    Net Cash Flow from Investing Activities -4000


    Cash Flow From Financing Activity Amount
    Cash Recipts
    Capital introduced 80,000
    New Capital Introduced 200000

    Cash Payments
    Net cash flow from financing activity 280,000
    Net change in cash 274,700

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy