GENERAL JOURNAL

DATE DETAILS FOLIO DR CR

2016
July 1st Buildings GL 50,000
July 1st Office Equiptment GL 15,000
July 1st Motorvechicles GL 30,000
July 1st Stock GL 2,500
July 1st Debtors: S. Des Vignes SL 250
July 1st Debtors: R. Cabral SL 325
July 1st Bank 8,000
July 1st Cash 1,500
July 1st Creditors: P. Assing PL 600
July 1st Creditors: N. Hunt PL 875
July 1st Long term loan- G. Titus PL 20,000
July 1st Capital- Sweet Buds Café GL 86100
To record the formation of Sweet Buds Café
July 18th Office Equiptment GL 2000
Office Leaders PL 2000
To record the sale of Office Equiptment

SALES JOURNAL
DATE DETAILS INVOICE # FOLIO Amount $
2016
5-Jul L. Mayers 125 SL 200
11-Jul S. Browne 126 SL 400
27-Jul R. Cabral 127 SL 650
31-Jul Total transferred to Sales Account GL 1250
 PURCHASES JOURNAL
DATE DETAILS INVOICE # FOLIO Amount $
2016
6-Jul J. James 539 PL 700
13-Jul P. Assing 5496 PL 1000
31-Jul Total transferred to Purchases Account GL 1700

RETURNS INWARDS JOURNAL

DATE DETAILS NOTE # FOLIO Amount $
2016
23-Jul S. Browne 1234 SL 50
31-Jul Total transferred to Returns Inwards Journal 50
 RETURNS OUTWARDS JOURNAL
DATE DETAILS NOTE # FOLIO Amount $
2016
17-Jul N. Hunt 85943 PL 325
31-Jul Total transferred to Returns Outwards Account 325
 CASH BOOK
Date Details Folio Discount A Cash Bank Date Details Folio
2016 2016
1-Jul Opening Bab/d 1,500.00 8,000.00 10-Jul Drawings GL
1-Jul Sales GL 135.00 20-Jul Electricity GL
3-Jul S. Des VignSL 50.00 21-Jul N. Hunt PL
8-Jul Sales GL 300.00 24-Jul G. Titus PL
15-Jul R. Cabral SL 6.50 318.50 26-Jul Salaries GL
15-Jul L. Mayers SL 4.00 196.00 29-Jul Purchases GL
31-Jul Bank C 500.00 30-Jul P. Assing PL
31-Jul Cash C
31-Jul Balance c/d
10.50 2,485.00 8,514.50
1-Aug Balance b/d 2,235.00 1,999.50
Discount ReCash Bank

250.00
270.00
25.00 525.00
1,000.00
1,800.00
900.00
80.00 1,520.00
500.00
1,999.50
105.00 2,485.00 8,514.50
 Sweet Buds Café and Variety Store
Trial Balance as at 31 July 2016
Debit $ Credit $
Capital 86,100.00
Discount Received 105.00
Discount Allowed 10.50
Purchases 2,600.00
Sales 1,685.00
Stock (Opening) 2,500.00
Salaries 1,800.00
Electricity 270.00
Motor Vechicles 30,000.00
Office Equiptment 17,000.00
Buildings 50,000.00
Office Leaders 2,000.00
J. James 700.00
G. Titus (Loan) 19,000.00
S. Browne 350.00
R. Cabral 650.00
S. Des Vignes 200.00
Cash 2,235.00
Bank 1,999.50
Returns Outwards 325.00
Drawings 250.00
Returns Inwards 50.00
109,915.00 109,915.00
 GENERAL LEDGER

BUILDINGS
DATE DETAILS FOLIO AMOUNT$ DATE DETAILS FOLIO
2016 2016
1-Jul Opening Balance b/d 50,000 31-Jul Balance c/d
1-Aug Balance b/d 50,000

OFFICE EQUIPTMENT
DATE DETAILS FOLIO AMOUNT$ DATE DETAILS FOLIO
2016 2016
1-Jul Opening Balance b/d 15,000
18-Jul Office Leaders PL 2,000
17,000 31-Jul Balance c/d
1-Aug Balance b/d 17,000

MOTORVECHICLES
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
 2016 2016
1-Jul Opening Balance b/d 30,000 31-Jul Balance c/d
1-Aug Balance b/d 30,000

ELECTRICITY
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
20-Jul Bank CB 270 31-Jul Profit and Loss Account

SALARIES
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
26-Jul Bank CB 1800 31-Jul Profit and Loss Account
 STOCK
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
1-Jul Opening Balance GJ 2,500 31-Jul Trading Account
31-Jul Balance c/d
6,300
1-Aug Balance b/d 3,800

RETURNS OUTWARDS
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
31-Jul Trading Account 325 31-Jul Total Returns Outwards fo ROJ
 RETURNS INWARDS
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
31-Jul Total Returns Inwards fo ROJ 50 31-Jul Trading Account

SALES
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
1-Jul Cash CB
8-Jul Cash CB
31-Jul Credit Sales SJ
31-Jul Trading Account 1,685
 PURCHASES
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
29-Jul Bank CB 900
31-Jul Credit Purchases PL 1,700
2,600 31-Jul Trading Account

DISCOUNT ALLOWED
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
31-Jul Total discounts allowed CB 10.50 31-Jul Profit and Loss Account
 DISCOUNT RECEIVED
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
31-Jul Profit and Loss Account CB 105 31-Jul Total discounts received t CB

CAPITAL
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
31-Jul Balance c/d 86,100 31-Jul Opening Balance
1-Aug Balance b/d

DRAWINGS
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
 2016 2016
10-Jul Cash CB 250 31-Jul Capital GL

SALES LEDGER
S. DES VIGNES
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
1-Jul Opening Balance b/d 250 3-Jul Cash CB
31-Jul Balance c/d
250
1-Aug Balance b/d 200

R. CABRAL
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
1-Jul Opening Balance b/d 325.00 15-Jul Discount CB
27-Jul Sales SJ 650.00 15-Jul Bank CB
31-Jul Balance c/d
975.00
 1-Aug Balance b/d 650.00

L. MAYERS
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
5-Jul Sales SJ 200 15-Jul ]Discount Allowed CB
15-Jul Bank CB
200

S. BROWNE
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
11-Jul Sales SJ 400 23-Jul Returns Inwards RIJ
31-Jul Balance c/d
400
1-Aug Balance b/d 350
 PURCHASES LEDGER
P. ASSING
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
30-Jul Discount Received CB 80 1-Jul Opening Balance b/d
30-Jul Bank CB 1,520 13-Jul Purchases PJ
1,600

N. HUNT
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
17-Jul Returns Outwards ROJ 325 1-Jul Opening Balance b/d
21-Jul Bank CB 525 13-Jul Purchases PJ
21-Jul Discount Received CB 25
875
 G. TITUS (LOAN)
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
24-Jul Bank CB 1,000 1-Jul Opening Entry (Loan) b/d
31-Jul Balance c/d 19,000
20,000
1-Aug Balance b/d

J. JAMES
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
31-Jul Balance c/d 700 6-Jul Purchases PJ
1-Aug Balance b/d

OFFICE LEADERS
DATE DETAILS FOLIO AMOUNT $ DATE DETAILS FOLIO
2016 2016
31-Jul Balance c/d 2,000 18-Jul Office Equiptment GJ
1-Aug Balance b/d
AMOUNT $

50,000

AMOUNT $

17,000

AMOUNT $
 30,000

AMOUNT $

270

AMOUNT $

1800
AMOUNT $

2,500
3,800
6,300

AMOUNT $

325
AMOUNT $

50

AMOUNT $

135
300
1,250
1,685
AMOUNT $

2,600

AMOUNT $

10.50
AMOUNT $

105

AMOUNT $

86,100
86,100

AMOUNT $
 250

AMOUNT $

50
200
250

AMOUNT $

6.50
218.50
650.00
975.00
AMOUNT $

4
196
200

AMOUNT $

50
350
400
AMOUNT $

600
1,000
1,600

AMOUNT $

875

875
AMOUNT $

20,000

20,000
19,000

AMOUNT $

700
700

AMOUNT $
2,000
2,000
 Sweet Buds Café and Variety Store
Trading And Profit And Loss Account For The Year Ended 31 July 2016
$ $ $
Sales 1,685.00
Returns Inwards (50.00)
Net Sales 1,635.00
Opening Stock 2,500.00
Purchases 2,600.00
Returns Outwards (325.00) 2,275.00
Cost of Goods Available for Sale 4,775.00
Less Closing Stock (3,800.00)
Cost of Goods Sold (975.00)
Gross Profit 660.00
Add Revenue: Discount Received 105.00
765.00
Less Expenses: Salaries 1,800.00
Electricity 270.00
Discount Allowed 10.50 (2,080.50)
Net Loss (1,315.50)
 Sweet Buds Café and Variety Store
Balance Sheet as at 31 July 2016
$ $ $
Fixed Assets
Buildings 50,000.00
Office Equiptment 17,000.00
Motor Vechicles 30,000.00
97,000.00
Current Assets
Stock 3,800.00
Debtors 1,200.00
Bank 1,999.50
Cash 2,235.00
9,234.50
Current Liabilities
Creditors (2,700.00)
Working Capital 6,534.50
103,534.50
Long Term Liabilities
G. Titus Loan (19,000.00)
84,534.50
Financed By:
Capital 86,100.00
Less Net Loss (1,315.50)
84,784.50
Less Drawings (250.00)
84,534.50
Sweet Buds Café and Variety Store
Aims and Objectives:
1. To increase efficiency of the business by the implementation of a Financial Management Information System
2. To increase sales revenue by 10% each year by the implementation of sales promotion strageties.
3. To promote and maintain healthy customer relationships and therefore, customer loyalty.
4. To develop good communication between employees and manager to ensure employee retention.

Introduction:
Sweet Buds Café and Variety Store is a sole trader entity with a single branch, operationing in the Port of Spain Area.
This business provides for catering purposes, various edible commodities as well as other necessary related items.
The accounting period recorded began on the 1st of August 2015 and ended on the 31st of July 2016. The accounting
policies implemented and upheld in the acoounts of the business include: separate entity concept, matching concept,
going concern concept and consistancy concept.
 Sales Invoice

Sweet Buds Café and Variety Store

#101 Pembroke Street
Port of Spain
5th July 2016

Invoice No. 129843

To: L. Mayers
# 28 Oxford Street
Port of Spain

Per Unit Total

$ $
2 Dozen Frosted Cupcakes 25 50
30 Styrofoam 8-inch Plates 1 30
3 Packs of Napkins 10 30
4 Boxes of Party Mix 15 90
200

Debit Note

Sweet Buds Café and Variety Store

#101 Pembroke Street
Port of Spain
1st July 2016
Note No. 34567
To: N. Hunt
# 45 Peter Street
Arima

Per Unit Total

$ $
5 Sponge 8-inch Cakes 65 325
325

Cash Receipt
Receipt Number: 24830583
Date: 1st July 2016
$135
Received From J. Joseph
The amount of $ One Hundred and Thirty Five Dollars
For The Purchase of Cupcakes
 Cash - $135
Cheque - $0

Received by: Sweet Buds Café and Varitey Store

Withdrawal Slip

ACCOUNT NUMBER TRAN CODE

126839 3456

Name: SWEET BUDS CAFÉ AND VARIETY STORE

NOTES
Debit the above mentioned accont with the sum of: 2 x 100
Five Hundred Dollars 2 x 50
5 x 20
Recepit of which I/ we hereby acknowledge: 5 x 10
JoshSmith 8x5
10 x 1
CASH -
TOTAL CASH $
TOTAL DEBIT $
Date: 31st July 2016
Branch: Port of Spain

CASH
200
100
100
50
40
10
-
500
500