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Assignment on Financial Accounting Task

   

Added on  2020-04-07

12 Pages1451 Words48 Views
FINANCIAL ACCOUNTING

TASK 1VIOLET CHANS CONSULTANCY PTY LTDJOURNALDateAccount Dr Cr 01-JunCash15,000Capital15,000(Being Capital bought in by Violet)04-JunComputer12,000Creditors for Computer12,000(Being computer bought on credit)05-JunCash 500 Consulting Fees 500 (Being Fee Received)06-JunRent 400 Cash 400 (Being Rent paid)08-JunCash2,000 Capital2,000 (Being capital introduced)09-JunCash 500 Consulting Fees 500 (Being Fee Received)10-JunFurniture3,400 Creditor for Furniture3,400 (Being new reception desk made)11-JunSalary1,500 Cash1,500 (Being salary paid)15-JunTelephone 65 Cash 65 (Being telephone expenses paid)16-JunOffice Cleaning 231 Cash 231

(Being office cleaning expenses paid)20-JunRent 400 Cash 400 (Being rent paid)23-JunCash 250 Consulting Fees 250 (Being fee received)24-JunAccounts Receivable4,800 Consulting Fees4,800 (Being Invoice raised)26-JunSalary1,500 Cash1,500 (Being Salary paid)28-JunCreditor for Furniture3,400 Cash3,400 (Being paid for furniture)30-JunAdvertising 200 Cash 200 (Being paid for advertising)30-JunDepreciation 170 Computer - Accum Dep 170 (Being Depreciation charged)30-JunDepreciation 130 Furniture Accum Dep 130 (Being Depreciation charged)

TASK 2:VIOLET CHANS CONSULTANCY PTY LTDGENERAL LEDGERDrCash Cr DateAccountAmountDateAccount Amount01-JunBal b/d24,000 06-JunRent 400 01-JunCapital15,000 11-JunSalary1,500 05-JunConsulting Fees 500 15-JunTelephone 65 08-JunCapital2,000 16-JunOffice Cleaning 231 09-JunConsulting Fees 500 20-JunRent 400 23-JunConsulting Fees 250 26-JunSalary1,500 28-JunCreditor for Furniture3,400 30-JunAdvertising 200 30-JunBal c/d34,554 42,250 42,250 DrCapital Cr DateAccountAmountDateAccount Amount30-JunBal c/d47,000 01-JunBal b/d30,000 01-JunCapital15,000 08-JunCapital2,000 47,000 47,000 DrComputer Cr DateAccountAmountDateAccount Amount01-JunBal b/d8,000 30-JunBal c/d20,000 04-JunCreditors for Computer12,000 20,000 20,000 DrCreditor for Computer Cr DateAccountAmountDateAccount Amount

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