accounting

Numerical

ACCOUNTING

TABLE OF CONTENTS
PROJECT 2......................................................................................................................................1
Requirements :.............................................................................................................................1
a) Journal Entries.........................................................................................................................1
b) Ledger Postings.......................................................................................................................1
c) Trial Balance............................................................................................................................3

PROJECT 2
Requirements ;
a) Journal Entries
JOURNALS
Date Particulars Debit Credit
01/04/19 Bank 22000
To Capital 22000
06/04/19 Equipment 5000
To Bank 5000
11/04/19 Purchases 960
To Cash 170
To Creditors 790
19/04/19 Cash 6150
To Services 6150
30/04/19 Rent 1000
Salaries & Wages 900
To Bank 1900
30/04/19 Creditors 190
To Bank 190
36200 36200
Interpretations :
April 1 – Depositing the capital amount in bank will increase the capital account and bank
balance.
April 6 – Payment for equipment will decrease the bank balance and increase the equipment
account.
April 11 – Purchases will increase the stock and cash payment will decrease the cash balance and
credit purchase will increase the suppliers account.
April 19 – Sale of services will increase the cash balance.
April 30 – Rent and salaries payment will decrease the bank balance.
April 30 – Payment of suppliers will decrease the cash balance and creditors.
b) Ledger Postings
LEDGER ACCOUNTS
1

Bank
Date Particulars Amount Date Particulars Amount
01/04/19 To Capital 22000 06/04/19 Equipment 5000
Rent 1000
Salaries &
Wages 900
Creditors 190
Bal c/d 14910
22000 22000
Capital A/c
Date Particulars Amount Date Particulars Amount
01/04/19 Bank 22000
30/04/19 Bal c/d 22000
22000 22000
Equipment
Date Particulars Amount Date Particulars Amount
06/04/19 To Bank 5000
30/04/19 Bal c/d 5000
5000 5000
Purchases
Date Particulars Amount Date Particulars Amount
11/04/19 To Cash 170
To Creditors 790
30/04/19 Bal c/d 960
960 960
Creditors
Date Particulars Amount Date Particulars Amount
30/04/19 To Bank 190 11/04/19 Purchases 790
30/04/19 Bal c/d 600
790 790
2

Services
Date Particulars Amount Date Particulars Amount
19/04/19 Cash 6150
30/04/19 Bal c/d 6150
6150 6150
Rent
Date Particulars Amount Date Particulars Amount
30/04/19 To Bank 1000
30/04/19 Bal c/d 1000
1000 1000
Salaries & Wages
Date Particulars Amount Date Particulars Amount
30/04/19 To Bank 900
30/04/19 Bal c/d 900
900 900
Cash
Date Particulars Amount Date Particulars Amount
19/04/19 To Services 6150 11/04/19 Purchases 170
30/04/19 Bal c/d 5980
6150 6150
c) Trial Balance
TRIAL BALANCE
Sr.No Particulars Debit Credit
1 Bank 14910
2 Cash 5980
3 Services 6150
4 Purchases 960
5 Creditors 600
6 Equipment 5000
7 Rent 1000
8
Salaries &
Wages 900
3

9 Capital A/c 22000
Total 28750 28750
4

5