Accounting for Mangers

Final Accounts
Profit and Loss a/c of Mr. Prasad for the year ending
2 31-12-2006
Dr
Cr.
Particulars
Amt
Particulars
Amt
34,0
To salaries
00 By GP
79,500
1,80 By
To discount allowed
0 commission
1,800
3,65
To ads
0 By Discount
2,850
1,45
To General Exp.
0
4,50
To rent
0
38,7
To net profit
50
84,1
50
84,150
3

TRAIL BALANCE OF AJITH

DEBI
PARTICULARS
T
CREDIT
2,15
STOCK op
0
SALES
SALARIES
735
11,4
MACHINERY
50
FURNITURES AND
3,40
FITINGS
0
INTEREST RCVD.
COMM. RCVD.
8,50
PURCHASES
0
RETURN INWARD
730
RETURN OUTWARD
REPAIRS
427
DISCOUNT ALLOWED
175
DISCOUNT RCVD
RENT AND RATES
371
1,34
DIRECT WAGES
0
CARRIAGE INWARDS
132
TRADING EXP.
322
10,0
INVESTMENTS
00

Abhinandan Golchha
Roll no. PGDM-07-013

Page 1

25,000

475
638

210

243

Accounting for Mangers

S. DEBTORS
S. CREDITORS
CASH IN HAND
CASH AT BANK
CAPITAL

3,50
0
2,850
185
17,5
12
35,000

DRAWINGS
BAD DEBT
TRAVELLING EXP.

2,14
5
500
842

TOTAL

64,4
16

64,416

TRADING & PROFIT AND LOSS A/C OF AJITH FOR THE YEAR ENDING 3112-2005
Dr
.
Cr.
PARTICULARS
AMT
PARTICULARS
AMT
T
B
24,27
O STOCK op
2,150 Y NET SALES
0
T
B
O NET PURCHASES
8,290 Y STOCK cl
1,745
T
O DIRECT WAGES
1,340
T
O CARRIAGE INWARDS
132
T
14,10
O GROSS PROFIT
3
26,01
26,01
5
5
T
O
T
O
T
O
T
O
T
O
T
O
T
O
T
O

SALARIES

735

REPAIRS

427

DISCOUNT ALLOWED

175

RENT AND RATES

371

TRADING EXP.

322

BAD DEBT

500

TRAVELLING EXP.
NET PROFIT

Abhinandan Golchha
Roll no. PGDM-07-013

B
Y
B
Y
B
Y
B
Y

GROSS PROFIT

14,10
3

COMM. RCVD.

638

INTEREST RCVD.

475

DISCOUNT RCVD

243

842
12,08
7
Page 2

Accounting for Mangers

15,45
9

15,45
9

TRADING & PROFIT AND LOSS A/C FOR THE YEAR

ENDING 31-12-1984

6
Dr
.

PARTICULARS
T
O
T
O
T
O
T
O

T
O
T
O
T
O
T
O
T
O
T
O

STOCK op
NET PURCHASES
DIRECT WAGES
GROSS PROFIT

SALARIES
INT. on CAPITAL
DISCOUNT
ALLOWED

AMT
5,00
0
12,0
00
1,50
0
6,10
0
24,6
00
670
1,00
0

24,6
00
B
Y

GROSS
PROFIT

300

GENERAL EXP.

300
3,63
0
6,10
0

6,10
0

Balance Sheet as on 31-12-1984

LIABITITIE
S
AMT
ASSETS
16,00
CAPITAL
0 STOCK cl
NET
LAND &
PROFIT
3,630 BUILDING
B/P
800 PLANT & MACH.
CREDITOR
S
1,000 B/R
Abhinandan Golchha
Roll no. PGDM-07-013

6,10
0

200

RENT AND RATES

NET PROFIT

PARTICULARS
B
Y NET SALES
B
Y STOCK cl

Cr.
AMT
20,0
00
4,60
0

AMT
4,600
4,100
7,500
1,600

Page 3

Accounting for Mangers

FURNITURE
CASH at BANK
DEBTORS
21,4
30

Abhinandan Golchha
Roll no. PGDM-07-013

500
430
2,700
21,4
30

Page 4

Accounting for Mangers

DEPREATION
MACHINE ACCOUNT (straight-line)

Dr.
DATE PARTICULARS
1-Jan- T
00 O BANK

1-Jul- T
00 O

BALACE
B/F

AMT
DATE
PARTICULARS
100,0 30-Jun- B DEPREATI
00
00 Y ON
B BALANCE
"
Y C/D
100,
000
95,00
0

30-Jun- B
01 Y
B
"
Y

BALACE
B/F

1-Jul- T
02 O

BALANCE
B/F

BANK

10,00
0
85,00
0
95,0
00

B
Y
B
Y

DEPREATI
ON
BALANCE
C/D

15,00
0
120,0
00
135,
000

30-Jun- B
03 Y
B
"
Y

DEPREATI
ON
BALANCE
C/D

15,00
0
105,0
00
120,
000

85,00 30-Jun0
02
50,00
0 "
135,
000
120,0
00

5000
95,00
0
100,
000

DEPREATI
ON
BALANCE
C/D

95,0
00
1-Jul- T
01 O
T
O

Cr.
AMT

120,
000

MACHINE ACCOUNT (DVM)

Dr.
DATE
PARTICULARS
1-Jan- T
00 O BANK

1-Jul- T
00 O

BALACE
B/F

AMT
DATE
PARTICULARS
100,0 30-Jun- B DEPREATIO
00
00 Y N
B BALANCE
"
Y C/D
100,0
00
95,00
0

30-Jun- B
01 Y
B
"
Y

95,00
Abhinandan Golchha
Roll no. PGDM-07-013

Page 5

DEPREATIO
N
BALANCE
C/D

Cr.
AMT
5000
95,00
0
100,0
00
9,500
85,50
0
95,00

Accounting for Mangers

0
1-Jul- T
01 O
T
O

BALACE
B/F

1-Jul- T
02 O

BALANCE
B/F

85,50 30-Jun0
02
50,00
0 "
135,5
00

BANK

121,9
50

B
Y
B
Y

DEPREATIO
N
BALANCE
C/D

13,55
0
121,9
50
135,5
00

30-Jun- B
03 Y
B
"
Y

DEPREATIO
N
BALANCE
C/D

12,19
5
109,7
55
121,9
50

121,9
50

2,
3

MACHINE ACCOUNT
Dr.

Cr.

PARTICULAR
DATE S
1-Jan- T
00 O BANK 1

1-Jan01
1-Jul01

T
O
T
O

BALACE
B/F
BANK 2

AMT DATE
PARTICULARS
40,0
31- B DEPREATIO
00
Dec-00 Y N
B BALANCE
"
Y C/D
40,0
00
36,0
00
26,0
00

31- B
Dec-01 Y
B
"
Y
B
"
Y

DEPREATIO
N1
DEPREATIO
N2
BALANCE
C/D

4,00
0
1,30
0
56,7
00
62,0
00

B
1-Jul-02 Y
B
"
Y
31- B
Dec-02 Y
B
"
Y
"
B

DEPREATIO
N1

2,40
0
30,0
00
3,70
5
1,87
5
44,1

62,0
00
1-Jan- T
02 O
T
"
O
T
O

BALACE
B/F
BANK 3

56,7
00
25,0
00

P&L

400

Abhinandan Golchha
Roll no. PGDM-07-013

AMT
4,00
0
36,0
00
40,0
00

Page 6

BANK
DEPREATIO
N2
DEPREATIO
N3
BALANCE

Accounting for Mangers

C/D

20
82,1
00

DEPREATIO
N2

1,57
5
23,0
00
3,46
9
19,6
56
47,7
00

82,1
00
1-Jan03
1-Jul03

T
O
T
O

BALANCE
B/F
P&L

44,1
20
3,58
0

B
1-Jul-03 Y
B
"
Y
31- B
Dec-03 Y
B
Y

BANK
DEPREATIO
N3
BALANCE
C/D

47,7
00
1-Jan- T
04 O

BALANCE
B/F

19,6
56

40,00
26,00
0 DEP.
M2
0 DEP
36,00
24,70
14st yr
0 4,000 MACHINE
1st yr ACCOUNT
0 1,300
32,00
20,99
Dr.
2nd yr
0 4,000
2nd yr
5 3,705
DATE 29,60
PARTICULARS AMT
DATE
19,42 PARTICULARS
rd
1
60,00
31DEPREATIO
3rd yr 1- T 0 BANK
2,400
3
yr
0 B
1,575
Jan- 30,00
O
0 Dec-00
23,00 Y N 1
SOLD 00
0
SOLD
0
1-JulT
BANK 2
20,00
"
B DEPREATIO
PROFI
PROFI
00
O
0
T
400
T
3,580 Y N 2
"
B BALANCE
Y C/D
80,0
00
M1

1Jan- T
01 O

BALACE
B/F

76,50
0

31- B
Dec-01 Y
B
"
Y
B
"
Y

DEPREATIO
N1
DEPREATIO
N2
BALANCE
C/D

1-Jul- B
02 Y
"
B

DEPREATIO
N1
BANK

76,5
00
1Jan- T
02 O
1-Jul- T

BALACE
B/F
BANK 3

Abhinandan Golchha
Roll no. PGDM-07-013

72,50
0
40,00

Page 7

Cr.
AMT
3,000
500
76,50
0
80,0
00

3,000
1,000
72,50
0
76,5
00

1,500
28,60

Accounting for Mangers

02 O

Y
B
"
Y
31- B
Dec-02 Y
B
"
Y
B
"
Y

P&L
DEPREATIO
N2
DEPREATIO
N3
BALANCE
C/D

31- B
Dec-03 Y
B
"
Y
B
Y

DEPREATIO
N2
DEPREATIO
N3
BALANCE
C/D

112,
500
1Jan- T
03 O

BALANCE
B/F

56,50
0

56,5
00

1Jan- T
04 O

M1
1St yr
2nd yr
3rd yr
SOLD
LOSS

BALANCE
B/F

53,5
00

60,00
0 DEP.
57,00
0 3,000
54,00
0 3,000
52,50
0 1,500
28600
23,90
0

Abhinandan Golchha
Roll no. PGDM-07-013

Page 8

0
23,90
0
1,000
1,000
56,50
0
112,
500

1,000
2,000
53,50
0
56,5
00