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    FA RSL Case

    Uploaded by

    harendra choudhary
    The document contains accounting records for various accounts of a business for the month of March 2020 and April 1, 2020 opening balances. It records transactions in cash, capital, loans, purchases, sales, expenses and other accounts. At the end, it provides a trial balance on March 31, 2020, an income statement for the month and a classified balance sheet as on that date.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    FA RSL Case

    Uploaded by

    harendra choudhary
    57 views10 pages
    The document contains accounting records for various accounts of a business for the month of March 2020 and April 1, 2020 opening balances. It records transactions in cash, capital, loans, purchases, sales, expenses and other accounts. At the end, it provides a trial balance on March 31, 2020, an income statement for the month and a classified balance sheet as on that date.

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    The document contains accounting records for various accounts of a business for the month of March 2020 and April 1, 2020 opening balances. It records transactions in cash, capital, loans, purchases, sales, expenses and other accounts. At the end, it provides a trial balance on March 31, 2020, an income statement for the month and a classified balance sheet as on that date.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    57 views10 pages

    FA RSL Case

    Uploaded by

    harendra choudhary
    The document contains accounting records for various accounts of a business for the month of March 2020 and April 1, 2020 opening balances. It records transactions in cash, capital, loans, purchases, sales, expenses and other accounts. At the end, it provides a trial balance on March 31, 2020, an income statement for the month and a classified balance sheet as on that date.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 10

    CASH A/C

    DEBIT
    DATE PARTICULARS AMOUNT
    MARCH 1,2020 CAPITAL A/C 50,000
    MARCH 2,2020 SHORT TERM LOAN 20,000
    MARCH 19,2020 SALES A/C 12,000

    82000
    APRIL 1,2020 OPENING BALANCE A/C 13300

    CAPITAL A/C
    DEBIT
    DATE PARTICULARS AMOUNT
    MARCH 31,2020 CASH A/C 3500
    MARCH 31,2020 CLOSING BALANCE 46500
    50000

    SHORT TERM LOAN A/C


    DEBIT
    DATE PARTICULARS AMOUNT
    MARCH 31,2020 CLOSING BALANCE 20000

    20000

    COMPUTER A/C
    DEBIT
    DATE PARTICULARS AMOUNT
    MARCH 3,2020 CASH A/C 58,000

    58,000
    APRIL 1,2020 OPENING BALANCE 52000

    SUPPLIES A/C
    DEBIT
    DATE PARTICULARS AMOUNT
    MARCH 4,2020 CREDITORS A/C 6000

    6000
    APRIL 1,2020 OPENING BALANCE 2000
    CREDITORS A/C
    DEBIT
    DATE PARTICULARS AMOUNT
    MARCH 21,2020 CREDIT 2000
    MARCH 31,2020 CLOSING BALANCE 4000

    SALES A/C
    DEBIT
    DATE PARTICULARS AMOUNT
    MARCH 31,2020 CLOSING BALANCE 20000

    SUPPLIES CONSUMED A/C


    DEBIT
    DATE PARTICULARS AMOUNT
    MARCH 19,2020 INVENTORY A/C 2000
    MARCH 31,2020 INVENTORY A/C 2000
    4000

    SALARIES A/C
    DEBIT
    DATE PARTICULARS AMOUNT
    CASH A/C 4000

    RENT A/C
    DEBIT
    DATE PARTICULARS AMOUNT
    CASH A/C 1200

    DEBITORS A/C
    DEBIT
    DATE PARTICULARS AMOUNT
    SALES A/C 8000

    8000
    OPENING BALANCE 8000

    DEPRICIATION
    DEBIT
    DATE PARTICULARS AMOUNT
    COMPUTERS A/C 6000
    ASSET A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    MARCH 3,2020 COMPUTERS A/C 58,000
    MARCH 21,2020 CREDIT A/C 2,000
    MARCH 29,2020 SALARIES & RENT A/C 5,200
    MARCH 31,2020 OWNERS CAPITAL A/C 3,500
    MARCH 31,2020 CLOSING BALANCE A/C 13,300

    82,000

    LIABILITY A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    MARCH 1,2020 CASH A/C 50000

    50000
    APRIL 1,2020 OPENING BALANCE 46500

    LIABILITY A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    MARCH 2,2020 CASH A/C 20000

    20000
    APRIL 1,2020 OPENING BALANCE 20000

    ASSET A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    MARCH 31,2020 DEPRICIATION A/C 6,000
    MARCH 31,2020 CLOSING BALANCE 52,000
    58000

    ASSET A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    MARCH 19,2020 INVENTORY A/C 2000
    MARCH 31,2020 INVENTORY A/C 2000
    MARCH 31,2020 CLOSING BALANCE 2000
    6000
    LIABILITY A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    MARCH 4,2020 CREDIT 6000

    6000
    APRIL 1,2020 OPENING BALANCE 4000

    REVENUE A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    MARCH 19,2020 CASH A/C 12000
    MARCH 30,2020 CREDIT A/C 8000
    20000

    EXPENSE A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    CLOSING BALANCE 4000

    4000

    EXPENSE A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    CLOSING BALANCE 4000

    EXPENSE A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    CLOSING BALANCE 1200

    ASSET A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    CLOSING BALANCE 8000

    8000

    EXPENSE A/C
    CREDIT
    DATE PARTICULARS AMOUNT
    CLOSING BALANCE 6000
    DR. 82000
    CR. 68700
    DR. > CR.

    CASH BALANCE AS ON MARCH 31,2020 13300

    DR>CR - DEBIT BALANCE


    DR<CR - CREDIT BALANCE
    TRIAL BALANCE
    PARTICULARS DEBIT BALANCE CREDIT BALANCE
    AMOUNT(S) AMOUNT(S)
    CASH A/C 13300
    CASPITAL A/C 46500
    SHORT TERM LOAN 20000
    COMPUTERS A/C 52000
    SUPPLIES A/C 2000
    CREDITORS 4000
    SALES A/C 20000
    SUPPLIES CONSUMED A/C 4000
    SALARIES A/C 4000
    OFFICE RENT 1200
    DEBITORS A/C 8000
    DEPRICIATION A/C 6000

    TOTAL 90500 90500

    INCOME STATEMENT

    SALES 20000

    EXPENSES
    SUPPLIES CONSUMED 4000
    SALARIES A/C 4000
    OFFICE RENT 1200
    DEPRICIATION A/C 6000
    15200 15200
    NET PROFIT 4800

    BALANCE SHEET

    ASSETS
    CASH 13300
    COMPUTERS 52000
    DEBITORS 8000
    SUPPLIES 4000

    TOTAL 77300

    LIABILITIES
    OWNERS CAPITAL 46500
    PROFIT 4800
    SHORT TERM LOAN 20000
    CREDITORS 4000

    TOTAL LIABILITIES 75300


    CLASSIFYING THE BALANCES INTO THE A/C TYPES
    A
    L
    L
    A
    A
    L
    R
    E
    E
    E
    A
    E

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