Final Accounts: Accounting For Mangers
Final Accounts: Accounting For Mangers
Final Accounts: Accounting For Mangers
Final Accounts
Profit and Loss a/c of Mr. Prasad for the year ending
2 31-12-2006
Dr
Cr.
Particulars
Amt
Particulars
Amt
34,0
To salaries
00 By GP
79,500
1,80 By
To discount allowed
0 commission
1,800
3,65
To ads
0 By Discount
2,850
1,45
To General Exp.
0
4,50
To rent
0
38,7
To net profit
50
84,1
50
84,150
3
Abhinandan Golchha
Roll no. PGDM-07-013
Page 1
25,000
475
638
210
243
S. DEBTORS
S. CREDITORS
CASH IN HAND
CASH AT BANK
CAPITAL
3,50
0
2,850
185
17,5
12
35,000
DRAWINGS
BAD DEBT
TRAVELLING EXP.
2,14
5
500
842
TOTAL
64,4
16
64,416
TRADING & PROFIT AND LOSS A/C OF AJITH FOR THE YEAR ENDING 3112-2005
Dr
.
Cr.
PARTICULARS
AMT
PARTICULARS
AMT
T
B
24,27
O STOCK op
2,150 Y NET SALES
0
T
B
O NET PURCHASES
8,290 Y STOCK cl
1,745
T
O DIRECT WAGES
1,340
T
O CARRIAGE INWARDS
132
T
14,10
O GROSS PROFIT
3
26,01
26,01
5
5
T
O
T
O
T
O
T
O
T
O
T
O
T
O
T
O
SALARIES
735
REPAIRS
427
DISCOUNT ALLOWED
175
371
TRADING EXP.
322
BAD DEBT
500
TRAVELLING EXP.
NET PROFIT
Abhinandan Golchha
Roll no. PGDM-07-013
B
Y
B
Y
B
Y
B
Y
GROSS PROFIT
14,10
3
COMM. RCVD.
638
INTEREST RCVD.
475
DISCOUNT RCVD
243
842
12,08
7
Page 2
15,45
9
15,45
9
6
Dr
.
PARTICULARS
T
O
T
O
T
O
T
O
T
O
T
O
T
O
T
O
T
O
T
O
STOCK op
NET PURCHASES
DIRECT WAGES
GROSS PROFIT
SALARIES
INT. on CAPITAL
DISCOUNT
ALLOWED
AMT
5,00
0
12,0
00
1,50
0
6,10
0
24,6
00
670
1,00
0
24,6
00
B
Y
GROSS
PROFIT
300
GENERAL EXP.
300
3,63
0
6,10
0
6,10
0
6,10
0
200
NET PROFIT
PARTICULARS
B
Y NET SALES
B
Y STOCK cl
Cr.
AMT
20,0
00
4,60
0
AMT
4,600
4,100
7,500
1,600
Page 3
FURNITURE
CASH at BANK
DEBTORS
21,4
30
Abhinandan Golchha
Roll no. PGDM-07-013
500
430
2,700
21,4
30
Page 4
DEPREATION
MACHINE ACCOUNT (straight-line)
Dr.
DATE PARTICULARS
1-Jan- T
00 O BANK
1-Jul- T
00 O
BALACE
B/F
AMT
DATE
PARTICULARS
100,0 30-Jun- B DEPREATI
00
00 Y ON
B BALANCE
"
Y C/D
100,
000
95,00
0
30-Jun- B
01 Y
B
"
Y
BALACE
B/F
1-Jul- T
02 O
BALANCE
B/F
BANK
10,00
0
85,00
0
95,0
00
B
Y
B
Y
DEPREATI
ON
BALANCE
C/D
15,00
0
120,0
00
135,
000
30-Jun- B
03 Y
B
"
Y
DEPREATI
ON
BALANCE
C/D
15,00
0
105,0
00
120,
000
85,00 30-Jun0
02
50,00
0 "
135,
000
120,0
00
5000
95,00
0
100,
000
DEPREATI
ON
BALANCE
C/D
95,0
00
1-Jul- T
01 O
T
O
Cr.
AMT
120,
000
1-Jul- T
00 O
BALACE
B/F
AMT
DATE
PARTICULARS
100,0 30-Jun- B DEPREATIO
00
00 Y N
B BALANCE
"
Y C/D
100,0
00
95,00
0
30-Jun- B
01 Y
B
"
Y
95,00
Abhinandan Golchha
Roll no. PGDM-07-013
Page 5
DEPREATIO
N
BALANCE
C/D
Cr.
AMT
5000
95,00
0
100,0
00
9,500
85,50
0
95,00
0
1-Jul- T
01 O
T
O
BALACE
B/F
1-Jul- T
02 O
BALANCE
B/F
85,50 30-Jun0
02
50,00
0 "
135,5
00
BANK
121,9
50
B
Y
B
Y
DEPREATIO
N
BALANCE
C/D
13,55
0
121,9
50
135,5
00
30-Jun- B
03 Y
B
"
Y
DEPREATIO
N
BALANCE
C/D
12,19
5
109,7
55
121,9
50
121,9
50
2,
3
MACHINE ACCOUNT
Dr.
Cr.
PARTICULAR
DATE S
1-Jan- T
00 O BANK 1
1-Jan01
1-Jul01
T
O
T
O
BALACE
B/F
BANK 2
AMT DATE
PARTICULARS
40,0
31- B DEPREATIO
00
Dec-00 Y N
B BALANCE
"
Y C/D
40,0
00
36,0
00
26,0
00
31- B
Dec-01 Y
B
"
Y
B
"
Y
DEPREATIO
N1
DEPREATIO
N2
BALANCE
C/D
4,00
0
1,30
0
56,7
00
62,0
00
B
1-Jul-02 Y
B
"
Y
31- B
Dec-02 Y
B
"
Y
"
B
DEPREATIO
N1
2,40
0
30,0
00
3,70
5
1,87
5
44,1
62,0
00
1-Jan- T
02 O
T
"
O
T
O
BALACE
B/F
BANK 3
56,7
00
25,0
00
P&L
400
Abhinandan Golchha
Roll no. PGDM-07-013
AMT
4,00
0
36,0
00
40,0
00
Page 6
BANK
DEPREATIO
N2
DEPREATIO
N3
BALANCE
C/D
20
82,1
00
DEPREATIO
N2
1,57
5
23,0
00
3,46
9
19,6
56
47,7
00
82,1
00
1-Jan03
1-Jul03
T
O
T
O
BALANCE
B/F
P&L
44,1
20
3,58
0
B
1-Jul-03 Y
B
"
Y
31- B
Dec-03 Y
B
Y
BANK
DEPREATIO
N3
BALANCE
C/D
47,7
00
1-Jan- T
04 O
BALANCE
B/F
19,6
56
40,00
26,00
0 DEP.
M2
0 DEP
36,00
24,70
14st yr
0 4,000 MACHINE
1st yr ACCOUNT
0 1,300
32,00
20,99
Dr.
2nd yr
0 4,000
2nd yr
5 3,705
DATE 29,60
PARTICULARS AMT
DATE
19,42 PARTICULARS
rd
1
60,00
31DEPREATIO
3rd yr 1- T 0 BANK
2,400
3
yr
0 B
1,575
Jan- 30,00
O
0 Dec-00
23,00 Y N 1
SOLD 00
0
SOLD
0
1-JulT
BANK 2
20,00
"
B DEPREATIO
PROFI
PROFI
00
O
0
T
400
T
3,580 Y N 2
"
B BALANCE
Y C/D
80,0
00
M1
1Jan- T
01 O
BALACE
B/F
76,50
0
31- B
Dec-01 Y
B
"
Y
B
"
Y
DEPREATIO
N1
DEPREATIO
N2
BALANCE
C/D
1-Jul- B
02 Y
"
B
DEPREATIO
N1
BANK
76,5
00
1Jan- T
02 O
1-Jul- T
BALACE
B/F
BANK 3
Abhinandan Golchha
Roll no. PGDM-07-013
72,50
0
40,00
Page 7
Cr.
AMT
3,000
500
76,50
0
80,0
00
3,000
1,000
72,50
0
76,5
00
1,500
28,60
02 O
Y
B
"
Y
31- B
Dec-02 Y
B
"
Y
B
"
Y
P&L
DEPREATIO
N2
DEPREATIO
N3
BALANCE
C/D
31- B
Dec-03 Y
B
"
Y
B
Y
DEPREATIO
N2
DEPREATIO
N3
BALANCE
C/D
112,
500
1Jan- T
03 O
BALANCE
B/F
56,50
0
56,5
00
1Jan- T
04 O
M1
1St yr
2nd yr
3rd yr
SOLD
LOSS
BALANCE
B/F
53,5
00
60,00
0 DEP.
57,00
0 3,000
54,00
0 3,000
52,50
0 1,500
28600
23,90
0
Abhinandan Golchha
Roll no. PGDM-07-013
Page 8
0
23,90
0
1,000
1,000
56,50
0
112,
500
1,000
2,000
53,50
0
56,5
00