Charts of accounts of zinnia group of industries Cash on hand Saving account Petty cash Account receivables Allowance for

doubtfull debts Other receivables Inventory Prepaid expense Notes receivables Furniture and fixture Vehicles Building Land Other depreciable property Accumulated depreciation of furniture Accumulated depreciation of vehicle Accumulated depreciation of building Accumulated depreciation of other Account payable Accrued expense 500,000 50,000 20,000 89,000 20,000 32,000 800,000 100,000 38,000 22,000 10,00,000 5,000,000 200,000 400,000 2,200 10,000 50,000 40,000 120,000 22,000

Sales tax payable Wages payable Income tax payable Other current liabilities Notes payable Other long term liabilities Common stock Paid in capital Retain earning Dividend paid Sales-5 kva generators Sales-3kva generators Sales-demo motors for 3kva Gen Sales-demo motors for 5kva Gen Sales-Gen coils for 5 & 3kva Sales-hand kick Sales-spark plug Sales-gas kit Sales-engine cylinders Sales-motor bush

1200 12000 2000 50000 65200 33500 250000 25000 350000 500000 400000 600000 24000 50000 150000 50000 20000 33000 66000 64100

Cost -5 kva generators Cost -3kva generators Cost -demo motors for 3kva Gen Cost -demo motors for 5kva Gen Cost -Gen coils for 5 & 3kva Cost -hand kick Cost -spark plug Cost-gas kit Cost-engine cylinders Cost-motor bush Direct labor-5 kva generators Direct labor-3kva generators Direct labor-demo motors for 3kva Gen Direct labor-demo motors for 5kva Gen Direct labor-Gen coils for 5 & 3kva Direct labor-hand kick Direct labor-spark plug Direct labor-gas kit Direct labor-engine cylinders Direct labor-motor bush

300000 400000 20000 30000 100000 45000 17000 29000 59000 55100 10000 11000 5000 4000 500 200 400 600 320 420

Material cost-5 kva generators Material cost-3kva generators Material cost -demo motors for 3kva Gen Material cost -demo motors for 5kva Gen Material cost -Gen coils for 5 & 3kva Material cost -hand kick Material cost -spark plug Material cost -gas kit Material cost -engine cylinders Material cost -motor bush Depreciation exp Repair expense Telephone exp Wage exp

200000 300000 12000 2500 80000 30000 12000 25000 39000 50000 1000 4000 500 15000 $10,129,540.00 $10,129,540.00

Inventory Demos 5kva gen 3kva gen Gen coil Copper wire

Quantity 10 2 10 50 10

Unit price 1500 50000 25000 1000 25000

Amount 150000 100000 250000 50000 250000

May 5-Sent quotations to zafar & co for following Inventory Copper wire Demo bodies Quantity 10 5 Unit price 50000 1500

May 5-Issue a purchase order to fmg for following Item Demo bodies Gen frames Quantity 20 10 Unit price 5000 1000 Amount 100000 50000

May 8-Received all goods against the purchase order May 9-Paid the sales tax of 1200 May 9-Make full payment to fmg May 10-A purchase order was received from asad & co for the purchase of Quantity 3 kva Gen 5 Unit price 25000

May 12-Quotation was approved by Zafar & co goods were sold May 15 -Received payment from Asad ltd against goods sold