Areeb Gul

BBA 2
05
Assignment 03
Accounting

Q:1
Books in which accounts are maintained is known as a ledger if
there are two accounts involved in journal entry it would be
posted to two accounts to a legder
Q:2
Standard form : it comes up with four kind of thing that
include a date, reference , journal reference and the amount in
which credit and debit is mentioned
Self balancing form: it is a kind of form who balances when
extracted , form a complete trial balance under this each legder
is maintained under double entry system
Q:3
The process of balancing two accounts is known as balancing
Total debit= more than total credit = debit balance
Total credit= more than total debit - credit balance
Total debit = total credit = nill balance
Q:4

Journal

DATE DETAILS L/F DR CR

2005 Jan 1 Cash a/c..dr 130000
Furniture 4000
a/c..dr
200000
Building
370000
a/c..dr

Capital
a/c..cr
Jan 2 Purchase 30000
acc..dr
30000
Asif
acc..cr
Jan 3 Cash a/c… 44000
dr
44000
Sales
 a/c..cr
Jan 5 Shahid 16000
&son a/c..dr
Sales
16000
a/c..cr
Jan 8 Office eq 16000
a/c ..dr
16000
Cash
a/c..cr
Jan 10 Office eq 8000
a/c..dr
8000
Cash
a/c..cr
Jan 12 Purchase 36000
a/c..dr
36000
Salman
a/c..cr
Jan 14 Bank 40000
a/c..dr
40000
Cash
a/c..cr
Jan 16 Cash 18000
 a/c..dr 18000

Shahid&son
a/c.cr
Jan 18 Asif 16000
a/c ..dr
16000
Bank
a/c..cr
Jan 20 Bank 18000
a/c ..dr
18000
Cash
a/c..cr
Jan 22 Bank a/c..dr 38000
Sales 38000
a/c..cr
Jan 24 Salman 36000
a/c..dr
35600
Bank
400
a/c..cr
Disc
allow acc.cr
Jan 26 Cash a/c..dr 9800
 Disc allow 200
a/c..dr
10000
Shahid .s
acc..cr
Jan 28 Drawing a/c 6000
..dr
6000
Cash
a/c..cr
Jan 31 Elect exp 2000
a/c..dr
2000
Cash
a/c..cr

Posting into legder account

Cash account
DATE J.R DR Date Reference J.R CR
REFERENC amount amount
Jan 1 Capital acc Jan 8 Officr eq 16000
130000 acc
Jan 3 Sales acc 44000 Jan Bank acc 40000
 14
Jan 16 Shahid 18000 Jan Bank acc 18000
&sons acc 18
Jan 26 Shahid 9800 Jan Drawing 6000
&sons acc 28 acc
Electricity 2000
exp acc

FURNITURE ACCOUNT
DAT J. DR Dat Referenc J. CR
E REFEREN R amoun e e R amoun
C t t
Jan 1 Capital acc 40000 Balance .
cd

40000 40000

BUILDING ACCOUNT
DAT J. DR Dat Referenc J. CR
E REFEREN R amoun e e R amoun
C t t
Jan 1 Capital acc
20000
 0
20000 Balance 20000
0 c.d

CAPITAL ACCOUNT
DAT Referenc j.r DR DAT referenc J. CR
E e amoun E e R amoun
t t
Jan 1 Cash acc 13000
0
Jan 1 Building 20000
0
Jan 1 Cash acc 40000

Purchase account
DAT Referenc j.r DR DAT referenc J. CR
E e amoun E e R amoun
t t
Asif 30000
account
Salman 36000
account
 66000 Balance 66000
c.d

Asif account
DAT Referenc j.r DR DAT referenc J. CR
E e amoun E e R amoun
t t
Jan 18 Bank 16000 Jan 2 Purchase 30000
account account

Balance 30000 30000

c.d
Sales account
DATE Reference j.r DR DATE referenc J.R CR
amount e amount
Jan 5 Cash 44000
account
Jan 3 Shahid 28000
&sons
acc
Jan 22 Bank acc 38000
 Balance 11000 11000
c.d

Shahid &sons account

DAT Referenc J. DR Dat Referenc J. CR
E e R Amoun e e R amoun
t t
Sale 2800 Cash 18000
account account
Cash 9800
account
Disc 200
alow
Balance 28000 28000
cd
OFFICE equimnent
DAT Referenc J. DR Dat Referenc J. CR
E e R Amoun e e R amoun
t t
cash 16000
account
Cash 8000
 account
24000 24000

SALMAN ACCOUNT
DAT Referenc J. DR Dat Referenc J. CR
E e R Amoun e e R amoun
t t
Bank 35600 Purchase 36000
account account
Discount 400
recev
36000 Balance 36000
c.d

Q5
Mr nadeem commenced buisness with 80000 cash
furniture 10000
Motor car 24000 and stock worth 40000

DATE DETAILS P/F DR CR

2005 Jan 1 Cash 80000
 acc..dr 10000
Furniture 24000
acc..dr
40000
Motor car
154000
acc ..dr
Stock
acc..dr

Capital..cr
Jan 3 Bank acc… 76000
dr
76000
Cash
acc..cr
Jan 5 Purchase 18000
a/c..dr
18000
Imran
a/c ..cr
Jan6 Babar 12000
a/c..dr
12000
Sales
a/c..cr
Jan 8 Office sup 400
 a/c..dr 400
Cash
a/c ..cr
Jan 10 Cash 4000
a/c..dr
4000
Sales
a/c..cr
Jan 11 Travel 1200
a/c..dr
1200
Cash
a/c..cr
Jan 12 Drawing 2000
a/c..dr
2000
Bank
a/c..cr
Jan 16 Cash 6000
a/c..dr
6000
Bank
a/c..cr
Jan 19 Imran 18000
a/c..dr
17600
Bank
 a/c..cr 400

Discount
a/c..cr
Jan 22 Carriage 1200
a/c..dr
1200
Cash
a/c..cr
jan 25 Cash 12000 12000
a/c ..dr
Babar
a/c..cr
Jan 31 Rent a/c..dr 600
Bank 600
a/c..cr
Jan 31 Cash 400
a/c..dr
400

Comision
a/c..cr
Jan 31 Bank 50
charges..dr
50
 Bank
a/c..cr

Posting into ledger account

Cash account
DAT J. DR Dat Referenc J. CR
E REFEREN R amoun e e R amoun
C t t
Jan 1 capital a/c 80000 Jan Bank a/c 76000
3
Sales a/c Jan Office 400
4000 8 sup a/c
Jan Bank a/c 2000 Jan Travel 1200
10 11 exp a/c
Jan Babar a/c 12000 Jan Carriage 1200
25 22 a/c
Jan Commision 400
31 a/c
Jan Bank a/c 6000 Balance 25000
16 c.d
10440 14400
0
 Furniture account

DAT J. DR Dat Referenc J. CR

E REFEREN R amoun e e R amoun
C t t
Jan 1 Capital a/c 1000
Balance 1000
1000 c.d

Motor car
DAT J. DR Dat Referenc J. CR
E REFEREN R amoun e e R amoun
C t t
Jan 1 capital a/c 24000 Jan Balance
3 c.d
24000
24000

Capital account
DAT J. DR Dat Referenc J. CR
E REFEREN R amoun amoun
 C t e e R t
Jan 1 Jan cash a/c 80000
3
Jan furniture 10000
8 a/c
Jan Motor 24000
11 car a/c
Jan Furniture 40000
22 a/c
Stock a/c 40000
15400 Balance 15400
0 c.d 0

Bank account
DAT J. DR Dat Referenc J. CR
E REFEREN R amoun e e R amoun
C t t
Jan 1 cash a/c 76000 Jan drawing 8000
3 a/c
Jan Cash a/c 2000
 16
Jan Imran 7600
19 a/c
Jan Rent a/c 600
31
Jan Bank 50
31 charges
a/c
Jan Bank a/c 76000 Balance 76000
16 cd

Purchase account
DAT J. DR Dat Referenc J. CR
E REFEREN R amoun e e R amoun
C t t
Imran a/c 1800
Balance
c.d
1800 1800

Imran account
DAT J. DR Dat Referenc J. CR
E REFEREN R amoun e e R amoun
C t t
Bank a/c 17600 Purchase 18000
a/c
Discount 400
allowd a/c
18000 18000

Babar account
DAT J. DR Dat Referenc J. CR
E REFEREN R amoun e e R amoun
C t t
sales a/c 12000 Cash 12000
a/c

12000 12000

Office equiment
DAT J. DR Dat Referenc J. CR
E REFERENC R amoun e e R amoun
E t t
Jan 1 cash a/c 400
Balance
c.d
400 400

Travel /expense account

DAT J. DR Dat Referenc J. CR
E REFERENC R amoun e e R amoun
E t t
Jan 1 cash a/c 1200

1200 Balance 1200

c.d

Drawing account
DAT J. DR Dat Referenc J. CR
E REFERENC R amoun e e R amoun
E t t
Jan 1 Bank a/c 2000
Balance
c.d
 2000 2000

Carriage account
DAT J. DR Dat Referenc J. CR
E REFERENC R amoun e e R amoun
E t t
Jan 1 cash a/c 1200
Balance
c.d
1200 1200

Rent account
DAT J. DR Dat Referenc J. CR
E REFERENC R amoun e e R amoun
E t t
Jan 1 bank a/c 600
Balance
c.d
600 600

Commision account
DAT J. DR Dat Referenc J. CR
E REFERENC R amoun e e R amoun
E t t
Jan 1 1800 Cash a/c 400
Balance c.d
400 400

Bank account
DAT J. DR Dat Referenc J. CR
E REFERENC R amoun e e R amoun
E t t
Jan 1 Bank a/c 50
Balance
c.d
50 50