Session 3 Session 3
Journal Ledger Cash Book Journal Ledger Cash Book 1.
1. Issue Issue of of share share capital capital 100100
2Purchase of furniture and equipment Rs. 30 mio 2Purchase of furniture and equipment Rs. 30 mio 3. Purchase of goods 3. Purchase of goods Cash 50 million Cash 50 million Credit 50 Million Credit 50 Million 4. Sales of Goods 4. Sales of Goods Cash 100 Million Cash 100 Million Credit 80 Million Credit 80 Million
5. Salaries paid in cash Rs. 50 million 5. Salaries paid in cash Rs. 50 million
JJoouurrnnaall EEnnttrriieess DDrr.. D
Daattee PPaarrttiiccuullaarrss VVoouucchheer r AAmmoouunntt N
Noo.. RRss..
1
1 BanBank k A/C A/C Dr. Dr. 101000 Equity Share Capital A/c Cr. (1)
Equity Share Capital A/c Cr. (1) 2
2 FFuurrnniittuurre e & & EEqquuiippmmeennt t AA//c c DDrr. . ((22)) 3300 Bank A/c Cr.
Bank A/c Cr. 3
3 PPuurrcchhaassees s AA//c c DDr r ((33)) 110000 Bank A/c Cr
Bank A/c Cr
Trade Payable A/c Cr (4) Trade Payable A/c Cr (4) 4
4 BBaannkk A//cA c DDrr 101000 T
Trraadde e RReecceeiivvaabbllees s AA//c c DDr r ((55)) 8800 Sales A/c Cr (6)
Sales A/c Cr (6) 5
5 SSaallaarriiees s AA//c c DDr r ((77)) 5500 Bank A/c Cr
Bank A/c Cr
Ledger Accounts Ledger Accounts D
Drr.. ((11) ) EEqquuiitty y SShhaarre e CCaappiittaal l AA//cc D
Daattee PPaarrttiiccuullaarrss AmAmoouunntt DDaattee T To o BBaallaanncce e cc//dd 110000 credit balance credit balance 100 100 (2) Furniture & Equipment
(2) Furniture & Equipment Dr.
Date Particulars Amount Date
To Bank 30
30 (3) Purchases Account
Dr.
Date Particulars Amount Date
To Bank 50
To Trdae Payable 50
100 Dr. (4) Trade Payable A/c
Date Particulars Amount Date
To Balance c/d 50
credit balance
50 (5) Trade Receivable A/c
Dr.
Date Particulars Amount Date
To Sales 80
80 (6) Sales A/c
Dr.
Date Particulars Amount Date
180 (7) Salaries A/c
Dr.
Date Particulars Amount Date
To bank 50
Cr. Amount Rs. 100 30 50 50 180 50 Cr. Particulars Amount By Bank 100 100 Cr.
Particulars Amount By Balance c/d 30 debit balance 30 Cr. Particulars Amount By Income Statem 100 debit balance 100 Cr. Particulars Amount By Purchase 50 50 Cr. Particulars Amount By Balance c/d 80 debit balance 80 Cr. Particulars Amount By Bank 100
By Trade Receivab 80 180 Cr. Particulars Amount By Income Statem 50 50
Date 2017
Jun-01 Cash A/c
To Capital A/c Jun-02 Aircraft A/c
To Cash A/c
To Notes Payable A/c Jun-04 Rent A/c
To Cash A/c
Jun-15 Accounts Receivable A/c. D To Aerial Photography Revenue A/c
Jun-15 Salaries A/c D
To Cash A/c
Jun-18 Maintenance Expenses A/c. Dr To Cash A/c
Jun-25 Cash A/c
To Accounts Receivable A/c Jun-30 Accounts Receivable A/c. D
To Aerial Photography Revenue A/c Jun-30 Salaries A/c.
To Cash A/c
(Being the salaries given to employee Particulars
Jun-30 Fuel Expenses A/c. D To Accounts Payable A/c
Jun-30 Dividends A/c D
To Dividend Payable A/c Total Dr. Date Particulars Jun-30 To Balance c/d Dr. Date Particulars
Jun-02 To Cash A/c
Jun-02 To Notes Payable A/c
Dr. Date Particulars Jun-30 To Balance c/d CAP A NO
LED
Dr.
Date Particulars
Jun-04 To Cash A/c
Dr.
Date Particulars
Jun-15 To Accounts Receivable A/c Jun-30 To Accounts Receivable A/c
Dr.
Date Particulars
Jun-30 By Balance c/d
Dr.
Date Particulars
Jun-15 To Cash A/c Jun-30 To Cash A/c
Dr.
Date Particulars
Jun-18 To Cash A/c
ACCOU
AERIAL PHO
Dr.
Date Particulars
Jun-30 To Accounts Payable A/c
Dr.
Date Particulars
Jun-30 To Balance c/d
Dr.
Date Particulars
Jun-30 To Dividends Payable A/c
Dr. Date Particulars Jun-30 To Balance c/d Dr. Date Particulars ACCO DIVID FU
Jun-01 To Capital A/c
mount ($ Amount ($) Dr. Cr. - 60,000 -- 60,000 - 220,000 -- 40,000 - 180,000 - 2,500 -- 2,500 - 8,320 -- 8,320 - 5,880 -- 5,880 - 1,890 1,890 - 4,910 -- 4,910 - 16,450 -- 16,450 - 6,000 -- 6,000 oucher No.
L ENTRIES
- 2,510 -- 2,510 - 2,000 -- 2,000 330,460 330,460 Cr.
Amount ($) Date Particulars Amount ($)
60,000 Jun-01 By Cash A/c 60,000
60,000 60,000
Cr.
Amount ($) Date Particulars Amount ($) 60,000
140,000 6/1/1930 By Balance c/d 200,000
200,000 200,000
Cr.
Amount ($) Date Particulars Amount ($) 140,000 Jun-02 By Aircraft A/c 140,000
140,000 140,000
ITAL STOCK A/C
IRCRAFTS A/C
ES PAYABLE A/C
Cr.
Amount ($) Date Particulars Amount ($) 2,500 Jun-30 By Balance c/d 2,500
200,000 200,000
Cr.
Amount ($) Date Particulars Amount ($)
8,320 Jun-25 By Cash A/c 4,910
16,450 Jun-30 By Balance c/d 19,860
24,770 24,770
Cr.
Amount ($) Date Particulars Amount ($) Jun-15 By Accounts Receivable A/ 8,320 24,770 Jun-30 By Accounts Receivable A/ 16,450
24,770 24,770
Cr.
Amount ($) Date Particulars Amount ($) 5,880
6,000 Jun-30 By Balance c/d 11,880
11,880 11,880
Cr.
Amount ($) Date Particulars Amount ($) 1,890 Jun-30 By Balance c/d 1,890 RENT A/C
TS RECEIVABLE A/C
OGRAPHY REVENUE A/C
ALARIES A/C
1,890 1,890
Cr.
Amount ($) Date Particulars Amount ($) 2,510 Jun-30 By Balance c/d 2,510
2,510 2,510
Cr.
Amount ($) Date Particulars Amount ($) 2,510 Jun-30 By Fuel Expenses a/c 2,510
2,510 2,510
Cr.
Amount ($) Date Particulars Amount ($) 2,000 Jun-30 By Balance C/d 2,000
2,000 2,000
Cr.
Amount ($) Date Particulars Amount ($) 2,000 Jun-30 By Dividends a/c 2,000
2,000 2,000
Cr.
Amount ($) Date Particulars Amount ($) NTS PAYABLE A/C
IVIDENDS A/C
NDS PAYABLE A/C
CASH A/C
60,000 Jun-02 By Aircrafts A/c 40,000
4,910 Jun-04 By Rent A/c 2,500
Jun-15 By Salaries A/c 5,880 Jun-18 By Maintenance Expenses A 1,890 Jun-30 By Salaries A/c 6,000 Jun-30 By Balance c/d 8,640
Journal Entries Date 1 2 3 4 5 6 7 8
9 Ledger Accoun Dr. Date Dr. Date Dr. Date Dr. Date
Dr. Date Dr. Date Dr. Date Dr. Date
Dr. Date Dr. Date Dr. Date Dr. Date
Dr.
Particulars Vouche Amount
No. Rs.
Cash A/c Dr 48000
Equity Share Capital Cr(1)
Land & Building Dr(2) 300000 cash A/C Cr
Note payables Cr(3)
Medical Equipment Dr(4) 156000 Cash A/c Cr
Office fixtures and Equipment Dr(5) 60000 Cash A/c Cr Trade payables Cr(6) Office supplies Dr(7) 6000 Cash A/c Cr Cash A/C dr 2280 Account Receivables Dr(8) 360
Veterinary Service Revenue Cr(9)
Advertising Expense Dr(10) 480 Cash A/C Cr
Cash A/C Dr 120
Salary Expense Dr (10) 3360 Cash A/c Cr
ts
(1) Equity Share Capital A/c
Particulars Amount Date
To Balance c/d 48000
48000 (2) Land and building
Particulars Amount Date
To Cash 120000
To Notes payables 180000
300000 (3) Note Payables
Particulars Amount Date
To Balance c/d 180000
180000 (4) Medical & Equipment
Particulars Amount Date
156000 (5) Office fixtures and Equipment
Particulars Amount Date
To Bank A/c 24000
To trade payables 36000
60000 (6) Trade payables
Particulars Amount Date
To Balance c/d 36000
36000 (7) Office supplies
Particulars Amount Date
To Cash A/c 6000
6000 (8)Account Receivables
Particulars Amount Date
360 (9)vetenary service account
Particulars Amount Date
To balance c/d 2640
2640 (9)Advertising expense
Particulars Amount Date
To cash a/c 480
480 (9)Salary Expense
Particulars Amount Date
To cash a/c 3360
3360
(9)Cash Account
Particulars Amount Date
To equity share capital 48000 to vetenary service revenue 2280 To accounts receivable 120
Cr. Amount Rs. 48000 120000 180000 156000 24000 36000 6000 2640 480 120
3360 Cr. Particulars Amount By Cash 48000 48000 Cr. Particulars Amount By balance c/d 300000 300000 Cr. Particulars Amount
By Land & building 180000
180000
Cr.
Particulars Amount
156000 Cr. Particulars Amount By Balance c/d 60000 60000 Cr. Particulars Amount
By office fixtures and equi 36000
36000 Cr. Particulars Amount by balance c/d 6000 6000 Cr. Particulars Amount by balance c/d 240 by cash A/c 120
360 Cr. Particulars Amount by cash A/c 2280 by account receivables 360 2640 Cr. Particulars Amount by income statement 480 480 Cr. Particulars Amount by income statement 3360 3360 Cr. Particulars Amount
by land and building 12000 by medical equiment 156000 by office ,fixtures A/c 24000 by ofice supplies 6000 by advertising expense 480
by salary expense 3360 201840
Journal Entries Dr.
Date Particulars Voucher Amount
No. Rs.
1 Cash A/c Dr 1500
Equity Share Capital Cr(1)
2 Office supplies a/c Dr(2) 100 Accout payables Cr(3)
Mowing Equipment Dr(4) 2000
3 Cash A/c Cr
notes payable (5)
4 Fuel Expense Dr A/c(6) 25
Cash A/c Cr
5 Account receivables A/c Dr(7) 150 Mowing revenue A/c Cr(8)
6 Account Receivables Dr 200
Mowing revenue A/c Cr
7 Salary Account Dr(9) 80
Cash A/C Cr(10) Ledger Accounts
Dr. (1) Equity Share Capital A/c
Date Particulars Amount Date
1500 Dr. (2) Office supplies
Date Particulars Amount Date
To account payables 100
100 Dr. (3) Account payables
Date Particulars Amount Date
To balance c/d 100
100 Dr. (4) Mowing Equipment
Date Particulars Amount Date
To cash 400
To note payables 1600
2000 Dr. (5) Note Payables
Date Particulars Amount Date
To balance 1600
1600 Dr. (6) Fuel Expense
Date Particulars Amount Date
25 Dr. (7) Account receivables
Date Particulars Amount Date
To mowing revenue 150
to mowing revenue 200
350 Dr. (8) Mowing Revenue
Date Particulars Amount Date
To income statement 200
To income statement 150
350 Dr. (9) Salary
Date Particulars Amount Date
To cash 80
80 Dr. (9) Cash A/c
Date Particulars Amount Date
to equity share capital A/c 1500
Cr. Amount Rs. 1500 100 400 1600 25 150 200 80 Cr. Particulars Amount By Cash 1500
1500 Cr. Particulars Amount by balance 100 100 Cr. Particulars Amount by office supplies 100 100 Cr. Particulars Amount by balance 2000 2000 Cr. Particulars Amount by mowing equipment 1600 1600 Cr. Particulars Amount by income statement 1600
