Accouting 1

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Task 1
Sr.No.| Particulars| AccountDebited| AccountCredited|
a.| Company’s old machinery was sold for cash| Cash| Machinery| b.| Received rent by cheque| Bank| Rent Received|
c.| Paid advertising by cheque| Advertising| Bank|
d.| Bought stationery on credit from Yu Trading| Stationery| Yu Trading| e.| Paid machinery expenses by cheque| Machinery expenses| Bank| f.| Proprietor withdrew cash from bank for personal use| Drawings| Bank| g.| Proprietor brought in his private car for use by the company| Motor & Vehicles| Capital| h.| Cash withdrawn from bank for business use| Cash| Capital| i.| Received cash from Lin for amount due| Cash| Lin|

j.| Discount received in cash| Cash| Discount Received|

Task 2
2012| Transaction| Document|
Dec 1| Started business with $25,000 in the bank.| Bank Statement| 2| Bought goods on credit from Arvind $2,840 and Ashok $3,600.| | 3| Sold goods to for cash $7,000.| |
4| Lewis lent us $4,000 in cash.| |
6| Took $1,250 of the cash and paid it into the bank.| | 8| Sold goods on credit to C Moody $180 and J Newman $ 2,220.| | 12| We returned goods to Arvind $1,040 and Ashok $1,100.| | 14| Bought motor van on credit from General Motors $26,000.| | 15| Bought office furniture on credit from Quick Supplies Ltd. $2,600.| | 18| Bought goods for cash $2,200.| |

20| Goods returned to us by C.Moody $30 and J.Newman $220.| | 24| Returned some office furniture costing $600 to Quick Supplies Ltd.| | 26| Paid General Motors $26,000 by cheque.| |
31| Wages paid in cash $500 to the employee for the month of December.| | Task 3
Date| Particulars| Folio| Debit(RM)| Credit (RM)|
2012December 1| Bank A/CDrTo Capital A/C(Being business started)| | 25,000| 25,000| 2| Purchased A/CDrTo ArvindTo Ashok(Being goods bought on credit)| | 6,440| 2,8403,600| 3| Cash A/CDrTo Sales A/C(Being goods sold on cash)| | 7,000| 7,000| 4| Cash A/CDrTo Lewis(Being Lewis lent us cash)| | 4,000| 4,000| 6| Bank A/CDrTo Cash A/C(Being amount deposited into bank)| | 1,250| 1,250| 8| C. MoodyDrJ. NewmanDrTo Sales A/C(Being goods sold on credit)| | 1802,220| 2,400| 12| ArvindDrAshokDrTo returned outward A/C(Being goods returned to creditors)| | 1,0401,100| 2,140| 14| Motor & Vehicles A/CDrTo Genereal Motors A/C(Being motor van bought on credit)| | 26,000| 26,000| 15| Office furniture A/CDrTo Quick Supplies Ltd A/C(Being office furniture bought on credit)| | 2,600| 2,600| 18| Purchased A/CDrTo Cash A/C(Being goods bought on cash)| | 2,200| 2,200| 20| Returned inward A/CDrTo C. MoodyTo J. Newman(Being goods returned to us)| | 250| 30220| | Balance| c/d| 79280| 79280|

Date| Particulars| Folio| Debit(RM)| Credit (RM)|
| Balance| c/d| 79280| 79280|
24| Quick Supplies Ltd A/CDrTo Office furniture A/C(Being office furniture returned)| | 600| 600| 26| General Motors A/CDrTo Bank A/C(Being paid by cheque)| | 26,000| 26,000| 31| Wages A/CDrTo Cash A/C(Being wages paid in cash)| | 500| 500| | Grand Total| c/d| 106,380| 106,380|

Task 4
Book A/C
Dr Cr
Date| Particulars| Folio| Amount(RM)| Date| Particulars| Folio| Amount(RM)| 2012Dec 1| To Capital A/C| | 25,000| 2012Dec 26| By General Motors A/C| | 26,000| 6| To Cash A/C| | 1,250| 31| By balance c/d| | 250| | | | 26,250| | | | 26,250|

2013Jan 1| To balance b/d| | 250| | | | |

Capital A/C
Date| Particulars| Folio| Amount(RM)| Date| Particulars| Folio| Amount(RM)| 2012Dec 31| To balance c/d| | 25,000| 2012Dec 1| By bank A/C| | 25,000| | | | 25,000| | | | 25,000|

| | | | 2013Jan 1| By balance b/d| | 25,000|

Purchased A/C
Date| Particulars| Folio| Amount(RM)| Date| Particulars| Folio|...
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