case tapaswini book store

8/13/2019 Case Tapaswini Book Store

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Case tapaswini book stoGroup 4 team

Ajay NMP 7

Harleen NMP 24

Jones NMP 27

Kuldeep NMP 29

Saket NMP 42

Shekharjyoti nmp 50

Subhradip NMP 54


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re


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Sl no Date A/c Dr Amt Cr Amt

1 1.1.98 Cash 330000

Capital 330000

Capital infused by owner

2 1.1.98 Sec. Deposit 100000

Cash 100000Security deposit paid from cash account

3 1.1.98 Equipment 50000

Cash 50000

Book shelves etc. procured from cash account

4 1.1.98 Inventory 189000

A/C payable 189000

5 3.1.98 A/C payable 170000

Cash 170000

Payment released to Padmalaya Agencies

6 3.1.98 A/C payable 1000

Revenue 1000

7 31.1.98 cash 58800

misc expense 1500

Revenue 60300

8 31.1.98 cash 7500

salary & wages 7500

9 31.1.98 rent 6000

cash 6000

10 31.1.98 a/c receivable 180000

revenue 180000

11 5.2.98 a/c payable 18000cash 18000

12 12.2.98 Inventory 135000

a/c payable granthalaya 135000

13 28.2.98 cash 50000

misc expense 1480

Revenue 51480

14 28.2.98 a/c payable granthalaya 75000

Cash 75000

15 28.2.98 salary & wages 7500

Cash 7500

16 28.2.98 rent 6000

cash 6000

17 12.3.98 cash 135600

a/c receivable 135600

14.3.98 Inventory 150000

a/c payable 150000

19 15.3.98 a/c receivable xavier 78200

Revenue 78200

Journal Entries


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20 30.3.98 cash 60000

misc expense 1260

Revenue 61260

21 31.3.98 salary & wages 7500

Cash 5000

Salary payable 2500

22 31.3.98 rent 6000cash 6000

23 31.3.98 A/c payable 80000

cash 80000

24 3.4.98 Cash 50000

a/c receivable xavier 50000

25 5.4.98 a/c payable granthalaya 60000

cash 60000

26 10.4.98 Inventory 25000


27 15.4.98 Cash 1000000

loan a/c 1000000


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To Capital A/c 330000 By Security Deposit 100000

to revenue a/c 58800 By equipt account 50000

to revenue a/c 50000 By A/C payable 170000

to a/c receivable 135600 by salary a/c 7500to revenue a/c 60000 by rent 6000

to a/c receivable xavier 50000 by a/c receivable 18000

to loan a/c 1000000 by a/c payable granthal 75000

by salary a/c 7500

by rent 6000

by salary a/c 5000

by rent 6000

by a/c payable 80000

by a/c payable granthal 60000

Debit balance 1093400

1684400 591000

Cash A/c

Dr Cr


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Credit balance 330000 By Cash A/c 330000

Capital A/c

CrDr


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To Cash A/c 100000 Debit balance 100000

Security Deposit A/c

Dr Cr


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To Cash A/c 50000 Depreciation 1458

debit balance 48542

Equipment asset A/c

Dr Cr


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Dr Cr

To Account payable 189000 by COGS 344992

to a/c payable granthalaya 135000

to a/c payable 150000

to a/c payable granthalaya 25000499000 debit balance 154008

Inventory A/c


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to cash 170000 by Inventory A/C 189000

to revenue 1000 by Inventory A/C 150000

to cash 18000

to cash 80000Credit balance 70000

A/C payable

Dr Cr


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Cr

Credit balance 432240 by a/c payable 1000

by cash 58800

by misc exp 1500

by acc receivable 180000by cash 50000

by misc exp 1480

by a/c receivable xa 78200

by cash 60000

by misc exp 1260

Revenue A/C

Dr


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Dr Cr

To cash 7500 debit balan 22500

To cash 7500

To cash 5000

to salary payable 2500

salary wages


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Dr Cr

to revenue a/c 1500

to revenue a/c 1480

to revenue a/c 1260

4240

misc expense


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Dr Cr

to cash a/c 6000

to cash a/c 6000

to cash a/c 6000

rent expense


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Dr Cr

to revenue 180000 by cash 135600

debit balance 44400

a/c receivable


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Dr Cr

to cash 75000 by inventory 135000

to cash 60000 by inventory 25000

Debit balance 25000

a/c payable granthalaya


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Dr Cr

by salary and wages 2500

a/c receivable xavier


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Dr Cr

by cash 1000000

loan a/c


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Dr Cr

to inventory 344992

COGS


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Dr Cr

to equipment 1458

Depreciation


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Assets Dr Cr

Cash 1093400

equipment 48542

a/c receivable 44400a/c receivable xavier 28200

inventory 154008

security deposit 100000

a/c payable 70000


salary payable 2500

Capital 330000

revenue 432240

salary wages 22500

misc expense 4240

rent expense 18000

loan a/c 1000000

COGS 344992

depreciation 1458

Total 1859740 1859740

Trial balance


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COGS 344992 revenue 432240

depreciation 1458

salary wages 22500

misc expense 4240

rent expense 18000Profit 41050

PL a/c


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Assets Dr Cr

Cash 1093400

equipment 48542

a/c receivable 44400

a/c receivable xavier 28200inventory 154008

security deposit 100000

a/c payable 70000


salary payable 2500

Capital 330000

loan a/c 1000000

Retained earning 41050

1468550 1468550

Opening entry sheet

case tapaswini book store

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