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Accounting Assignment

The document contains accounting records for Mr. Faisal including: 1) A general journal recording payments to suppliers and receipt of payment from a customer. 2) General ledgers showing transactions and balances for cash, bank, accounts receivable, accounts payable, bills payable, and drawings accounts. 3) A trial balance on January 31st showing debit balances for cash, accounts receivable, and merchandise, and credit balances for accounts payable and Mr. Faisal's capital.

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John Raza
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59 views3 pages

Accounting Assignment

The document contains accounting records for Mr. Faisal including: 1) A general journal recording payments to suppliers and receipt of payment from a customer. 2) General ledgers showing transactions and balances for cash, bank, accounts receivable, accounts payable, bills payable, and drawings accounts. 3) A trial balance on January 31st showing debit balances for cash, accounts receivable, and merchandise, and credit balances for accounts payable and Mr. Faisal's capital.

Uploaded by

John Raza
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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FATIMIYAH COLLEGE

Required :
1.

Mr.Faisal
General Journal
Date Particulars P/R Debit Credit

2011 Rs Rs
January 5 Account Payable 10,000
Bank 10,000
(To record paid cheque to supplies)
January 6 Cash 9,500
Account Receivable 9,500
(To record received cheque)
January 7 Bills Payable 15,300
Cash 10,300
Bank 5,000
(To record paid bills payable with cash and
cheque)
January 27 Drawings 3,000
Cash 3,000
(To record withdrew cash for personal use)

2.
Mr.Faisal
General Ledger
Cash
2011 Rs 2011 Rs
Jan 1, Balance B/F 25,000 Jan 7, 10,300
Jan 6, 9,500 Jan 27, 3,000

March 31, Balance C/F 21,200

34,500 34,500
Feb 1, Balance B/F 21,200
Bank
2011 Rs 2011 Rs
Jan 1, Balance B/F 15,000 Jan 5, 10,000
Jan 7, 5,000

15,000 15,000

Accounts Receivable
2011 Rs 2011 Rs
Jan 1, Balance B/F 12,000 Jan 6, 9,500

March 31, Balance C/F 2,500

12,000 12,000
April 1, Balance B/F 2,500

Account Payable
2011 Rs 2011 Rs
Jan 5, 10,000 Jan 1, Balance B/F 25,000

Jan 31, Balance C/F 15,000

25,000 25,000
Feb 1, Balance B/F 15,000

Bills Payable
2004 Rs 2004 Rs
Jan 7, 15,300 Jan 1, Balance B/F 15,300

15,300 15,300

Drawings
2011 Rs 2011 Rs
Jan 27, 3,000

Jan 31, Balance C/F 3,000

3,000 3,000
Feb 1, Balance B/F 3,000
3. Mr.Faisal
Trial Balance
January 31st, 2011
S.No. Particulars Debit Credit
Rs. Rs.
1. Cash 21,200
2. Bank -
3. Account Receivable 2,500
4. Merchandise 135,300
5. Account Payable 15,000
6. Bills Payable -
7. Mr.Faisal’s Capital 120,000
8. Sales 27,000
9. Drawings 3,000
Total 162,000 162,000

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