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. INFOSYS LTD For The Following Year 2009 To 2010
| PARTICULAR | DR | CR |
| Capital | 5,00,000 | |
| Cash | 2,50,000 | |
| Bank Loan | 1,00,000 | |
| Profit & Loss A/C | 50,000 | |
| Accounts Receivable | 50,000 | |
| Axis Bank | 1,50,000 | |
| Machinery | 75,000 | |
| Plant & Machinery | 1,50,000 | |
| Good Will | 1,25,,000 | |
| Bank O /D | 1,00,000 | |
| Debentures | 50,000 | |
| Total | 8,00,000 | 8,00,000 |
Title of the Budget: Financial Budget
Period of Budget : 1.4.2009 to 31.3.2010
| Ledger Name | Estimated Amount(Rs) |
| Stationery | 10000 |
| Rent | 50000 |
| Salary | 20000 |
| Wages | 15000 |
| Fright Charges | 5000 |
| Discount | 5000 |
| Commission | 10000 |
| Depreciation | 10000 |
Apr 01 Paid Telephone Charges Rs.2000
Apr 02 Goods Purchased On Credit From M/S. Linga Agencies Was Rs.100000
Mar 03 Bank Loan Received Rs.200000
Mar 04 Cash Withdraw From Bank Rs.100000
Jun 05 Paid Salary By Cheque Rs.10000
Jun 16 Provision For Depreciation Rs.15000 Allocate In To P&L A/C
Jun 27 Bank O/D Settled Rs.20000
July 18 Goods Sold To M/S.Jana Was Rs.180000 Bill No:25 25days
July 19 Paid For Rent: 20000, Stationery: 4000, Wages: 6000
July 20 Dividend Received Rs.20000
Aug 11 Paid Fright Charges Rs.3750 By Cheque
Aug 12 Purchased Furniture Rs.60000
Aug 23 Paid To M/S. Linga Agencies And Discount Received @ 5%
Sep 14 Paid For Salary: 10000, Rent: 30000, Stationery: 1750
Sep 21 Paid Advertisement Charges Rs.2500
Sep 26 Interest On Bank Balance Rs.10000
Oct 17 Depreciation Of Machinery @ 10% This Amount Adjusted To Provisions.
Oct 18 Bank Loan Settled Rs.50000
Oct 19 Bad Debit Written Of M/R.Jana Was Rs.5000
Oct 20 Discount Allowed Rs.3000
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. GREEN PARK LTDFor The Following Year 2006 To 2007.
| PARTICULAR | DR | CR |
| Central Bank Of India | 7,00,000 | |
| Profit & Loss | 5,00,000 | |
| Capital | 20,00,000 | |
| Cash | 13,00,000 | |
| Bank Loan | 7,00,000 | |
| Land & Building | 7,00,000 | |
| Plant & Machinery | 2,50,000 | |
| Furniture | 2,50,000 | |
| Accounts Receivable | 3,00,000 | |
| Accounts Payable | 3,00,000 | |
| Bank O/D | 2,00,000 | |
| Good Will | 2,00,000 |
Title of the Budget: Financial Budget
Period of Budget : 1.4.2006 to 31.3.2007
| Ledger Name | Estimated Amount (Rs) |
| Salary | 50000 |
| Telephone Charges | 20000 |
| Wages | 25000 |
| Inward Charges | 15000 |
| Outward Charges | 20000 |
| Bad Debit | 10000 |
Title of the Budget: Infrastructure Budget
Period of Budget : 1.4.2006 to 31.3.2007
| Ledger Name | Estimated Amount (Rs) |
| Furniture | 75000 |
| Typewriting | 30000 |
| Computer | 90000 |
Apr 01 Additional Capital Investing The Amount Of Rs.500000
Apr 10 Provision For Bad Debit Rs.50000 Allocate In To P&L A/C
Apr 16 Cash Deposit In Bank Rs.70000
Apr 18 Bought On Credit From M/S. Selva Traders Rs.120000 Bill No:25 35days
Apr 21 Withdraw From Personal Use Rs.47500
Apr 28 Allow Interest On Capital In The Current Balance @ 6%
May 01 Paid For: Salary: 20000, Wages: 10000
May 11 Amount Settled To M/S. Selva Traders And Less Trade Discount @ 17%
May 21 Purchased Furniture Rs.45000 And Computer Rs.35000
May 28 Goods Sold To M/S. Reliance Ltd Rs.250000 Bill No:35 45days
Jun 01 Prepaid Insurance Rs.2500
Jun 15 Commission Received Rs.2000
Jun 18 Interest On Drawings @ 5%
Jun 21 Paid For Telephone Charges Rs.7500, Inward Charges Rs.10000
Jun 29 Purchased Typewriter Rs.17500
July 01 Paid For Rent Rs.12000, Postage Rs.8000
July 11 Bad Debit Written Off M/S. Reliance Ltd Rs.10000
July 21 Amount Received From M/S. Reliance Ltd Rs.240000
July 29 The Bad Debit Amount Adjusted To Provision A/C
Aug 01 Withdraw From Bank Rs.20000
Aug 05 Bank Loan Settled Rs.47500
Aug 08 Bank O/D Settled Rs.50000
Aug 19 Purchased Furniture Rs.48500 And Typewriter Rs.12500
Aug 21 Paid For Telephone Charges Rs.15000, Inward Charges Rs.7500, Outward Charges Rs.5000, Postage Rs.27500, Fright Charges Rs.7000
Sep 01 Purchase Plant & Machinery Rs.5000
Learn All in Tamil © Designed & Developed By Tutor Joes | Privacy Policy | Terms & Conditions