Introduction to Financial Accounting: Conga Firm Case Study

Desklib provides past papers and solved assignments. This report analyzes Conga firm's financial statements.

INTRODUCTION TO FINANCIAL ACCOUNTING
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Table of Contents
1)......................................................................................................................................................2
2)....................................................................................................................................................28
3)....................................................................................................................................................31
References......................................................................................................................................34
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1)
Conga sales day book
Date Customer Invoice no. Amount
1/12/2018 sold goods to John 2000
3/12/2018 sold goods to Tim 1000
5/12/2018 sold goods to Josh 3000
6/12/2018 sold goods to Jimmy 2000
12/12/2018 sold goods to Kim 7000
conga Purchase day
book
Date Supplier Invoice no. Amount
2/12/2018 purchased from Rimmy 1000
3/12/2018 purchased from Rosh 2000
4/12/2018 purchased from Kendell 3000
3

6/12/2018 purchased from Timmy 4000
9/12/2018 purchased from Ikra 5000
sales return book
Date particulars Credit note no. L.F. Amount
4/12/2018 sales retuned by Tim 500
6/12/2018 sales retuned by Josh 2000
Purchase return book
Date particulars debit note no. L.F. Amount
3/12/2018 retuned to Rimmy 500
5/12/2018 retuned to Kendell 1500
Cash receipts book
Date particulars Amount
4

11/12/2018 to sales 2000
13/12/2018 to sales 4000
19/12/2018 to sales 6000
10/12/2018 To John 500
11/12/2018 To Tim 500
30/12/2108 To capital 45000
total 58000
Cash payment book
Date Particulars Amount
11/12/2018 Repairs 1000
13/12/2018 Maintainence 2000
15/12/2018 rent of equipment 3000
16/12/2018 electricity 3000
5

16/12/2018 rent 5000
30/12/2018 loan repaid 20,000
total 34000
Cogna Journal december 2018
Date Particulars L.F. Amount(DR.) Amount(Cr.)
1/12/2018 John a/c Dr. 2000
To sales 2000
(Being sales made on credit)
2/12/2018 Purchases a/c Dr. 1000
To Rimmy 1000
(Being goods purchased on credit)
6

3/12/2018 Tim a/c Dr. 1000
To sales 1000
(Being sales made on credit)
3/12/2018 Purchases a/c Dr. 2000
To Rosh a/c 2000
(Being goods purchased on credit)
3/12/2018 Rimmy a/c Dr. 500
To Purchase return 500
(being purchase return recorded)
4/12/2018 purchases a/c Dr. 3000
To Kendell 3000
7

(Being goods purchased on credit)
4/12/2018 sales returns a/c Dr. 500
To Tim a/c 500
(Being sales reutned recorded)
5/12/2018 Josh a/c Dr. 5000
to sales 5000
(Being sales made on credit)
5/12/2018 Kendell a/c Dr. 500
To purchase return 500
(Being goods purchased on credit returned)
8

6/12/2018 Jimmy a/c Dr. 5000
To sales 5000
(Being sales made on credit)
6/12/2018 Purchases a/c Dr. 4000
To timmy a/c 4000
(Being goods purchased on credit)
6/12/2018 Sales return a/c Dr. 2000
To Josh 2000
(Being sales returned recorded)
9/12/2018 Purchases a/c Dr. 5000
To Ikra 5000
9

(Being goods purchased on credit)
10/12/201
8 Cash a/c 500
to John 500
(Being cash received from John)
11/12/210
8 cash a/c Dr. 2000
To sales 2000
(Being sales made in cash)
11/12/210
8 repairs a/c Dr. 1000
to cash 1000
(Being cash expense made)
10

11/12/201
8 cash a/c Dr. 500
To Tim a/c 500
(Being cash received from Tim)
12/12/201
8 Kim a/c Dr. 7000
To sales 7000
(Being sales made on credit)
13/12/201
8 Cash a/c Dr. 4000
To sales a/c 4000
(Being sales made in cash)
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13/12/201
8 Maintainence a/c Dr. 2000
To cash 2000
(Being cash expense recorded)
15/12/201
8 rent of equipment a/c Dr. 3000
To cash 3000
(Being cash expense recorded)
16/12/201
8 Rent a/c Dr. 5000
To cash 5000
(Being cash expense recorded)
12