Saurav Pty Ltd: Cash Basis General Ledger for July 2019

This document presents the General Ledger for Saurav Pty Ltd, detailing the company's financial transactions on a cash basis for the month of July 2019. It includes comprehensive records of sales, purchases, and various expenses, such as bank charges, electricity, insurance, interest, lease payment...Read More

General Ledger
Saurav Pty Ltd
Cash Basis
01/07/2019 - 31/07/2019
4-2400 Sales
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 CP000003 Cust Pmt Cash Sales 2,800.00 2,800.00 280.00
08/07/2019 CP000002 Cust Pmt Cash Sales 3,000.00 5,800.00 300.00
12/07/2019 CP000004 Cust Pmt Cash Sales 2,970.00 8,770.00 297.00
15/07/2019 CP000005 Cust Pmt Cash Sales 4,270.00 13,040.00 427.00
17/07/2019 CP000009 Cust Pmt C01 15,000.00 28,040.00
18/07/2019 CP000010 Cust Pmt C02 12,000.00 40,040.00
18/07/2019 CP000006 Cust Pmt Cash Sales 2,950.00 42,990.00 295.00
19/07/2019 CP000011 Cust Pmt C03 2,000.00 44,990.00
20/07/2019 CP000012 Cust Pmt C04 7,000.00 51,990.00
21/07/2019 CP000013 Cust Pmt C06 4,000.00 55,990.00
22/07/2019 CP000014 Cust Pmt C07 3,000.00 58,990.00
22/07/2019 CP000014 Cust Pmt C07 800.00 59,790.00 80.00
22/07/2019 CP000007 Cust Pmt Cash Sales 3,550.00 63,340.00 355.00
23/07/2019 CP000015 Cust Pmt C08 2,000.00 65,340.00
24/07/2019 CP000016 Cust Pmt C09 4,000.00 69,340.00
31/07/2019 CP000008 Cust Pmt Cash Sales 4,950.00 74,290.00 495.00
Totals 0.00 74,290.00 74,290.00 2,529.00
5-2800 Purchases
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
31/07/2019 JE000014 Gen Jrnl Perpetual inventory system 38,225.00 38,225.00
Totals 38,225.00 0.00 38,225.00 0.00
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6-1400 Bank charges
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
31/07/2019 JE000007 Gen Jrnl Bank fees 110.00 110.00
Totals 110.00 0.00 110.00 0.00
6-2000 Electricity & gas
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
31/07/2019 JE000012 Gen Jrnl Electric usage accrued for July 2,100.00 2,100.00
Totals 2,100.00 0.00 2,100.00 0.00
6-2600 Insurance
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
31/07/2019 JE000009 Gen Jrnl Insurance expense for July 1,000.00 1,000.00
Totals 1,000.00 0.00 1,000.00 0.00
6-2800 Interest paid
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
31/07/2019 JE000010 Gen Jrnl Interest expense for July 1,875.00 1,875.00
Totals 1,875.00 0.00 1,875.00 0.00
6-3200 Lease of equipment
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
18/07/2019 JE000006 Gen Jrnl Lease payments 990.00 990.00
Totals 990.00 0.00 990.00 0.00
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6-3400 Motor vehicle expenses
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
27/07/2019 SP000007 Supp Pmt S07-Car Garage Co 1,500.00 1,500.00
Totals 1,500.00 0.00 1,500.00 0.00
6-3600 Office supplies
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
29/07/2019 JE000004 Gen Jrnl Cheque 1069 petty cash reimbursed 165.00 165.00
Totals 165.00 0.00 165.00 0.00
6-4000 Postage & courier
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
29/07/2019 JE000004 Gen Jrnl Cheque 1069 petty cash reimbursed 187.00 187.00
Totals 187.00 0.00 187.00 0.00
6-4200 Printing & stationery
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
27/07/2019 SP000006 Supp Pmt S06-Stationery 1,500.00 1,500.00
Totals 1,500.00 0.00 1,500.00 0.00
6-4400 Sales commission
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
31/07/2019 JE000008 Gen Jrnl Sales commission payable for July 5,000.00 5,000.00
Totals 5,000.00 0.00 5,000.00 0.00
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6-5400 Superannuation expense
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
23/07/2019 SM000003 Spend Mny Paid superannuation Cheque 1063 3,000.00 3,000.00
Totals 3,000.00 0.00 3,000.00 0.00
6-5600 Telephone
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
27/07/2019 SP000005 Supp Pmt S05-Telephone Co 1,000.00 1,000.00
Totals 1,000.00 0.00 1,000.00 0.00
6-5800 Travel & accommodation
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
02/07/2019 JE000001 Gen Jrnl Reimbursed employee travel expense
(Cheque 1056)
110.00 110.00
29/07/2019 JE000004 Gen Jrnl Cheque 1069 petty cash reimbursed 220.00 330.00
Totals 330.00 0.00 330.00 0.00
6-6200 Wages & salaries
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
28/07/2019 JE000003 Gen Jrnl Paid wage Cheque 1068 and withheld tax
of 9,000
37,000.00 37,000.00
Totals 37,000.00 0.00 37,000.00 0.00
9-1000 Other expenses
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
31/07/2019 JE000013 Gen Jrnl Shop fixtures sold 500.00 500.00
Totals 500.00 0.00 500.00 0.00
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9-1001 Bad debt
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
31/07/2019 JE000011 Gen Jrnl Provision for doubtful debts @5% 3,630.40 3,630.40
Totals 3,630.40 0.00 3,630.40 0.00
1-1000 Cash at Bank
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-1-1000 Op Bal 48,000.00 48,000.00
01/07/2019 TR000001 Transfer To: Petty cash | From: Cash at Bank 1,000.00 47,000.00
01/07/2019 CP000003 Cust Pmt Cash Sales 3,080.00 50,080.00
02/07/2019 JE000001 Gen Jrnl Reimbursed employee travel expense
(Cheque 1056)
110.00 49,970.00
04/07/2019 JE000002 Gen Jrnl Paid June sales commission owing to retail
assistants (Cheque 1057)
10,000.00 39,970.00
08/07/2019 CP000002 Cust Pmt Cash Sales 3,300.00 43,270.00
12/07/2019 CP000004 Cust Pmt Cash Sales 3,267.00 46,537.00
15/07/2019 CP000005 Cust Pmt Cash Sales 4,697.00 51,234.00
15/07/2019 SM000001 Spend Mny June PAYG paid (Cheque 1058) 10,000.00 41,234.00
16/07/2019 SM000002 Spend Mny Paid GST obligation for June (Cheque
1059)
5,000.00 36,234.00
17/07/2019 SP000001 Supp Pmt S01-Trading Goods 6,000.00 30,234.00
17/07/2019 CP000009 Cust Pmt C01 15,000.00 45,234.00
18/07/2019 CP000010 Cust Pmt C02 12,000.00 57,234.00
18/07/2019 CP000006 Cust Pmt Cash Sales 3,245.00 60,479.00
18/07/2019 JE000006 Gen Jrnl Lease payments 990.00 59,489.00
19/07/2019 SP000002 Supp Pmt S02-Trading Goods 2,000.00 57,489.00
19/07/2019 CP000011 Cust Pmt C03 2,000.00 59,489.00
20/07/2019 CP000012 Cust Pmt C04 7,000.00 66,489.00
20/07/2019 SP000003 Supp Pmt S03-Trading Goods 12,000.00 54,489.00
21/07/2019 CP000013 Cust Pmt C06 4,000.00 58,489.00
22/07/2019 CP000014 Cust Pmt C07 3,880.00 62,369.00
22/07/2019 CP000007 Cust Pmt Cash Sales 3,905.00 66,274.00
23/07/2019 CP000015 Cust Pmt C08 2,000.00 68,274.00
23/07/2019 SM000003 Spend Mny Paid superannuation Cheque 1063 3,000.00 65,274.00
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24/07/2019 CP000016 Cust Pmt C09 4,000.00 69,274.00
27/07/2019 SP000004 Supp Pmt S04-Trading Goods 8,000.00 61,274.00
27/07/2019 SP000005 Supp Pmt S05-Telephone Co 1,000.00 60,274.00
27/07/2019 SP000006 Supp Pmt S06-Stationery 1,500.00 58,774.00
27/07/2019 SP000007 Supp Pmt S07-Car Garage Co 1,500.00 57,274.00
28/07/2019 JE000003 Gen Jrnl Paid wage Cheque 1068 and withheld tax
of 9,000
28,000.00 29,274.00
31/07/2019 JE000005 Gen Jrnl Paid dividends Cheque 1070 50,000.00 -20,726.00
31/07/2019 CP000008 Cust Pmt Cash Sales 5,445.00 -15,281.00
31/07/2019 JE000007 Gen Jrnl Bank fees 110.00 -15,391.00
31/07/2019 JE000013 Gen Jrnl Shop fixtures sold 3,000.00 -12,391.00
Totals 127,819.00 140,210.00 -12,391.00 0.00
1-1200 Petty cash
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 TR000001 Transfer From: Cash at Bank | To: Petty cash 1,000.00 1,000.00
29/07/2019 JE000004 Gen Jrnl Cheque 1069 petty cash reimbursed 572.00 428.00
Totals 1,000.00 572.00 428.00 0.00
1-1800 Accounts receivable
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-1-1800 Op Bal 52,000.00 52,000.00
Totals 52,000.00 0.00 52,000.00 0.00
1-1801 Provision for doubtful debts
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
31/07/2019 JE000011 Gen Jrnl Provision for doubtful debts @5% 3,630.40 -3,630.40
Totals 0.00 3,630.40 -3,630.40 0.00
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1-1850 Inventory Control
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-1-1850 Op Bal 130,000.00 130,000.00
17/07/2019 SP000001 Supp Pmt S01-Trading Goods 6,000.00 136,000.00
19/07/2019 SP000002 Supp Pmt S02-Trading Goods 2,000.00 138,000.00
20/07/2019 SP000003 Supp Pmt S03-Trading Goods 12,000.00 150,000.00
27/07/2019 SP000004 Supp Pmt S04-Trading Goods 8,000.00 158,000.00
31/07/2019 JE000014 Gen Jrnl Perpetual inventory system 38,225.00 119,775.00
Totals 158,000.00 38,225.00 119,775.00 0.00
1-1851 Prepayments
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-1-1851 Op Bal 10,000.00 10,000.00
31/07/2019 JE000009 Gen Jrnl Insurance expense for July 1,000.00 9,000.00
Totals 10,000.00 1,000.00 9,000.00 0.00
1-2000 Shop Fixtures and Equipment
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-1-2000 Op Bal 350,000.00 350,000.00
31/07/2019 JE000013 Gen Jrnl Shop fixtures sold 12,000.00 338,000.00
Totals 350,000.00 12,000.00 338,000.00 0.00
1-2001 Accum Depn-Shop Fixt & Equip
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-1-2001 Op Bal 120,000.00 -120,000.00
31/07/2019 JE000013 Gen Jrnl Shop fixtures sold 8,200.00 -111,800.00
Totals 8,200.00 120,000.00 -111,800.00 0.00
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1-2700 Goodwill
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-1-2700 Op Bal 50,000.00 50,000.00
Totals 50,000.00 0.00 50,000.00 0.00
2-1800 Accounts payable
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-2-1800 Op Bal 40,000.00 40,000.00
31/07/2019 JE000008 Gen Jrnl Sales commission payable for July 5,000.00 45,000.00
31/07/2019 JE000010 Gen Jrnl Interest expense for July 1,875.00 46,875.00
Totals 0.00 46,875.00 46,875.00 0.00
2-2200 GST collected
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-2-2200 Op Bal 20,000.00 20,000.00
01/07/2019 CP000003 Cust Pmt Cash Sales 280.00 20,280.00
08/07/2019 CP000002 Cust Pmt Cash Sales 300.00 20,580.00
12/07/2019 CP000004 Cust Pmt Cash Sales 297.00 20,877.00
15/07/2019 CP000005 Cust Pmt Cash Sales 427.00 21,304.00
16/07/2019 SM000002 Spend Mny Paid GST obligation for June (Cheque
1059)
5,000.00 16,304.00
18/07/2019 CP000006 Cust Pmt Cash Sales 295.00 16,599.00
22/07/2019 CP000007 Cust Pmt Cash Sales 355.00 16,954.00
22/07/2019 CP000014 Cust Pmt C07 80.00 17,034.00
31/07/2019 CP000008 Cust Pmt Cash Sales 495.00 17,529.00
Totals 5,000.00 22,529.00 17,529.00 0.00
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2-2400 GST paid
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-2-2400 Op Bal 15,000.00 -15,000.00
31/07/2019 JE000013 Gen Jrnl Shop fixtures sold 300.00 -15,300.00
Totals 15,300.00 0.00 -15,300.00 0.00
2-2500 Accrued expenses
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-2-2500 Op Bal 10,000.00 10,000.00
04/07/2019 JE000002 Gen Jrnl Paid June sales commission owing to retail
assistants (Cheque 1057)
10,000.00
31/07/2019 JE000012 Gen Jrnl Electric usage accrued for July 2,100.00 2,100.00
Totals 10,000.00 12,100.00 2,100.00 0.00
2-2550 Provision for dividend
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-2-2550 Op Bal 50,000.00 50,000.00
31/07/2019 JE000005 Gen Jrnl Paid dividends Cheque 1070 50,000.00
Totals 50,000.00 50,000.00 0.00 0.00
2-2600 PAYG withholdings payable
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-2-2600 Op Bal 10,000.00 10,000.00
15/07/2019 SM000001 Spend Mny June PAYG paid (Cheque 1058) 10,000.00
28/07/2019 JE000003 Gen Jrnl Paid wage Cheque 1068 and withheld tax
of 9,000
9,000.00 9,000.00
Totals 10,000.00 19,000.00 9,000.00 0.00
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2-3400 Bank loan
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-2-3400 Op Bal 250,000.00 250,000.00
Totals 0.00 250,000.00 250,000.00 0.00
3-1000 Issued and Paid up Capital
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-3-1000 Op Bal 120,000.00 120,000.00
Totals 0.00 120,000.00 120,000.00 0.00
3-9999 Historical balancing
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-1-1000 Op Bal 48,000.00 48,000.00
01/07/2019 OPEN-1-1800 Op Bal 52,000.00 100,000.00
01/07/2019 OPEN-1-1850 Op Bal 130,000.00 230,000.00
01/07/2019 OPEN-1-1851 Op Bal 10,000.00 240,000.00
01/07/2019 OPEN-1-2000 Op Bal 350,000.00 590,000.00
01/07/2019 OPEN-1-2001 Op Bal 120,000.00 470,000.00
01/07/2019 OPEN-1-2700 Op Bal 50,000.00 520,000.00
01/07/2019 OPEN-2-1800 Op Bal 40,000.00 480,000.00
01/07/2019 OPEN-2-2200 Op Bal 20,000.00 460,000.00
01/07/2019 OPEN-2-2400 Op Bal 15,000.00 475,000.00
01/07/2019 OPEN-2-2500 Op Bal 10,000.00 465,000.00
01/07/2019 OPEN-2-2550 Op Bal 50,000.00 415,000.00
01/07/2019 OPEN-2-2600 Op Bal 10,000.00 405,000.00
01/07/2019 OPEN-2-3400 Op Bal 250,000.00 155,000.00
01/07/2019 OPEN-3-1000 Op Bal 120,000.00 35,000.00
01/07/2019 OPEN-3-1600 Op Bal 35,000.00
Totals 655,000.00 655,000.00 0.00 0.00
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3-1600 Retained earnings
Date Ref No Type Description Debit Credit Balance GST Amt Qty Avg Net
01/07/2019 OPEN-3-1600 Op Bal 35,000.00 35,000.00
Totals 0.00 35,000.00 35,000.00 0.00
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