Making Account .in


Question and answer of the journal, ledger, trial balance, trading account, profit, and loss account

  • Capital $ 10000
  • Bought 5 books for $ 5000
  • 2 books sold for $ 2400
  • Rent for $ 100
  • The costs are $ 100



Example-II

  • Investment $ 25000
  • raw Material Purchase $7000
  • purchase furniture $8000
  • sales $8000
  • salary $100



Example-III

  • $ 50000 was invested to start a business
  • Borrowing from the bank.$ 20000
  • 50% credit ,on goods purchased from ABC company$ 28000
  • provision for tax 15000
  • Sales made $ 34000



Example-IV

balancesheet(1/4/20to31/3/21)
liabilities assest
Date particular Amount Date particular Amount
capital 350000 cash 150000
billding 200000
350000 350000

1/4/21to31/3/22 for transection entrys

  • (it is not transection so not necssray to prpar journal directly recorded ledger)
  • $ 100000 bank loan through the building
  • building depreciation 10%

    • purchase raw material

  • ABC company $8000 (on credit)
  • TC company $12000 (on credit)
  • TTI company $20000, 80% amount paid ,
  • $40000 goods sold to the customer
  • $4000 was sold to TTI company for the purchase of goods
  • labour $12000 (salary 60%,wages 40%)
  • other expenses$4000
  • provision for tax $4000

    • balances entry with ditial knowing ledger A/C




Example-V

balancesheet(1/4/22to31/3/23)
liabilities assest
Date particular Amount Date particular Amount
capital 350000 cash 198000
revenwe 4000 billding 180000
Loan On Building 100000 bank 100000
creditors 20000
provision for tax 4000
478000 478000

transection entery

  • 1/4/22to31/3/23 year tax paid $2500
  • bank loan paid $10000 ,interst 4% $4000
  • 50% profit distibuted to shareholder and remaing added to captital $4000
  • invested to preference shares, $50000
  • raw materials purchased $45000
  • wages paid $5000
  • salary paid$7000
  • billding depriciation $10000
  • dividend received $5000
  • sales $ 85000 (30% credit)