8/16/2019 FRA Practice Assignment

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Details

Page 1

Particulars Account Details

Capital 1

Create Infra

Land 1

Building 1

Machines 1

Utility Equipments 1

urniture 1

I! setup 1

Loan

Ban" loan # 1$% interest 1

Deposit

Deposit in Ban" 1

&peration

Purchase of 'a( Material 1

)ale of inished good 1

inished good in*entory 1

)alary Payment 1

Electricity Bill 1

!ransporter Bill 1

)tationery and Clerical 1

Maintenance of Machines + Utility 1

Loan Interest Payment 1

Deposit Interest receipt 1

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Details

Page ,

End of -ear

Depreciation #

1$.$$% Building 1

1/.$$% Machine 1

1/.$$% Utility Eqp 1

1$.$$% urniture 1

1/.$$% Computer 1

!otal ,0

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ournal

Page 2

)l 3o !ransaction Dr 4Cr Amount

1 Capital 'ecei*ed Cr /$$$$$$

, Cash Dr /$$$$$$

2 Land Purchase Dr ,/$$$$$

0 Cash Cr ,/$$$$$

/ actory )hed Dr 1/$$$$$

5 Cash Cr 1/$$$$$

6 Machinery Purchase Dr 7$$$$$

7 Cash Cr 7$$$$$

8 Utility Equipment Dr 0$$$$$

1$ Cash Cr 0$$$$$

11 &ffice urniture Dr 1/$$$$

1, Cash Cr 1/$$$$

12 Computers Purchase Dr 1$$$$$

,1 )alary Paid Dr 1$$$$$

,, Cash Cr 1$$$$$

,2 Electricity Bill paid Dr ,/$$$

,0 Cash Cr ,/$$$

,/ !ransporter 9ill paid Dr ,/$$$

,5 Cash Cr ,/$$$

,8 Maintenance Charges Dr 1$$$$

2$ Cash Cr 1$$$$

21 )ale of inished :ood Cr 0$$$$$

2, Cash Dr 0$$$$$

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ournal

Page 0

22 :oods In*entory Dr /$$$$

20 Cash Cr /$$$$

01 Depreciation of Machinery Dr 1,$$$$

0, Machinery Purchase Cr 1,$$$$

02 Depreciation of Utility Eqp Dr 5$$$$

05 urniture Cr 1/$$$

06 Depreciation of Computers Dr 1/$$$

07 Computers Purchase Cr 1/$$$

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Ledger

Page /

)l noCAPI!AL

Dr Cr

1 Cash /$$$$$$

Cash 7$$$$$

Balance /7$$$$$

)l noCash

Dr Cr

1 Capital /$$$$$$ Land ,/$$$$$

, Loan from Ban" 7$$$$$ actory )hed 1/$$$$$

2 inished :ood )al 0$$$$$ Machinery Purchase 7$$$$$

0 Interest 'ecei*ed ,/$$$ Utility Equipment 0$$$$$

/ &ffice urniture 1/$$$$

5 Computers Purchase 1$$$$$

1$ Electricity Bill ,/$$$

11 !ransport Bill ,/$$$

1, Maintenance 1$$$$

12 )tationary + Clerical cha /$$$

10 Interest Paid 7$$$$

1/ :ood In*entory /$$$$

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Ledger

Page 5

Balance 7$$$$

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Ledger

Page 6

8/16/2019 FRA Practice Assignment

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Ledger

Page 7

)l noLand

Dr Cr

1 Cash ,/$$$$$

Balance ,/$$$$$

)l noUtility Equipment

Dr Cr

1 Cash 0$$$$$ Depreciation 5$$$$

Balance 20$$$$

1 Cash ,/$$$$

Balance ,/$$$$

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Ledger

Page 8

)l no)alary Paid

Dr Cr

1 Cash 1$$$$$

Balance 1$$$$$

)l noDr Cr

1 Cash 1$$$$

Balance 1$$$$

)l noInterest 'ecie*ed

Dr Depreciation

1 Cash ,/$$$

Balance ,/$$$

8/16/2019 FRA Practice Assignment

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Ledger

Page 1$

)l no:oods In*entory

Dr Cr

1 Cash /$$$$

Balance /$$$$

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Ledger

Page 11

)l noactory )hed

)l noDr Cr

1 Cash 1/$$$$$ Depreciatio 1/$$$$ 1

Balance 12/$$$$ Balance

)l no&ffice urniture

)l noDr Cr

1 Cash 1/$$$$ Depreciatio 1/$$$ 1

Balance 12/$$$ Balance

1 Cash 1/$$$$

Balance 1/$$$$

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Ledger

Page 1,

)l noElectricity Bill

)l noDr Cr

1 Cash ,/$$$ 1

Balance ,/$$$ Balance

)l no)tationary + Clerical charges

)l noDr Cr

1 Cash /$$$ 1

Balance /$$$ Balance

)l noinished :ood )ale

)l noDr Cr

1 Cash 0$$$$$ 1

,

2

0

Balance 0$$$$$ /

Balance

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Ledger

Page 12

Maintenance

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Ledger

Page 10

Machinery Purchase

Dr Cr

Cash 7$$$$$ Depreciation 1,$$$$

57$$$$

Computer Purchase

Dr Cr

Cash 1$$$$$ Depreciation 1/$$$

7/$$$

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Ledger

Page 1/

!ransport Bill

Dr Cr

Cash ,/$$$

,/$$$

Interest Paid

Dr Cr

Cash 7$$$$

7$$$$

Depreciation

Dr Cr

actory )hed 1/$$$$

Machinery Purchas 1,$$$$

Utility Equipment 5$$$$

&ffice urniture 1/$$$

Computer Purchas 1/$$$

25$$$$

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Ledger

Page 15

8/16/2019 FRA Practice Assignment

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!rial Balance

Page 16

)l no 3ame of account Dr Cr

1 CAPI!AL /7$$$$$

, Cash 7$$$$

2 Land ,/$$$$$

0 actory )hed 12/$$$$

/ Machinery Purchase 57$$$$

5 Utility Equipment 20$$$$

6 &ffice urniture 12/$$$7 Computer Purchase 7/$$$

8 Deposit in Ban" ,/$$$$

1$ 'a( Material Purchase 1/$$$$

11 )alary Paid 1$$$$$

1, Electricity Bill ,/$$$

12 !ransport Bill ,/$$$

10 Maintenance 1$$$$

1/ )tationary + Clerical charges /$$$

15 Interest Paid 7$$$$

16 Interest 'ecie*ed ,/$$$

17 inished :ood )ale 0$$$$$

18 Depreciation 25$$$$

,$ :oods In*entory /$$$$

!otal 5,,/$$$ 5,,/$$$

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Profit and Loss

Page 17

)l no E;penses Income

1 )alary Paid 1$$$$$ Interest 'ecie*ed

, Electricity Bill ,/$$$ inished :ood )ale

2 !ransport Bill ,/$$$

0 Maintenance 1$$$$

/ )tationary + Clerical charges /$$$

5 Interest Paid 7$$$$

6 !otal ,0/$$$7 Profit

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Profit and Loss

Page 18

,/$$$

0$$$$$

0,/$$$17$$$$

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Balance )heet

Page ,$

)l no Asset Lia9ility

1 Cash 7$$$$ CAPI!AL

, Land ,/$$$$$ Profit

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Balance )heet

Page ,1

/7$$$$$

17$$$$

/87$$$$