Transactions of PQR Pvt Ltd

Sr no. Transactions Paid

1 Invested cash 5 crore
2 Purcahsed land for 50,00,000 5,000,000
3 Plant construction for 1.5 crore 15,000,000
4 Purchased machinery 4 crore 40,000,000
5 Took loan from bank of 2 crore
6 Purchased office furniture 30,00,000 3000000
7 Purchased Air condition 10,00,000 1000000
8 Purchased Raw materials 60,00,000 6000000
9 Transpotation cost 20,000 20000
10 Interest paid to bank 5,00,000 500000
11 Purchased office stationary 50,000 50000
12 Finished goods sold to ABC Pvt Ltd 4 crore
13 Salary paid to employees 40,00,000 4000000
14 Invested money on bonds 2 crore 20,000,000
15 Paid 1,00,000 for advertisment in news paper 100000
16 Rented a warehouse near plant 90,000 90000
17 Purchased raw materials 30,00,000 3000000
18 Interest paid to bank 5,00,000 500000
19 Transpotation cost 15,000 15000
20 Finished goods sold to XYZ Pvt Ltd 3 crore
21 Salary paid to employees 50,00,000 5,000,000
22 Interest received on bonds and bank 20,00,000
23 Utility expenses 10,00,000 1,000,000
24 Finished goods sold to MNO Pvt Ltd 2 crore
25 Warehouse rent 90,000 90000
104,365,000
 Financial Accounting
Financial statement Assignment
(Prof. V.K. Gupta)
Submitted by - Mohit P Sharma

Cash
50,000,000

20,000,000

40,000,000

30,000,000

2,000,000

20,000,000
162,000,000
 Journal
Sr no Particulars Debit Amount (Rs)
1 Cash 50,000,000
Capital

2 Land 5,000,000
Cash

3 Construction 15,000,000
Cash

4 Machine 40,000,000
Cash

5 Cash 20,000,000
Cash payable

6 Furniture 3,000,000
Cash

7 Air condition 1,000,000

Cash

8 Raw material 6,000,000

Cash

9 Transportation 20,000
Cash

10 Interest paid 500,000

Cash

11 Stationery 50,000
Cash

12 Cash 40,000,000
 Sales revenue

13 Salary 4,000,000
Cash

14 Investment on Bonds 20,000,000

Cash

15 Adertisment 100,000
Cash

16 Rent expenses 90,000

Cash

17 Raw materials 3,000,000

Cash

18 Interest Paid 500,000

Cash

19 Transportation 15,000
Cash

20 Cash 30,000,000
Sales

21 Salary 5,000,000
Cash

22 Cash 2,000,000
Returns on bonds

23 Utility 1,000,000
Cash

24 Cash 20,000,000
 Sales

25 Rent 90,000
Cash
Credit Amount (Rs)

50,000,000

5,000,000

15,000,000

40,000,000

20,000,000

3,000,000

1,000,000

6,000,000

20,000

500,000

50,000
40,000,000

4,000,000

20,000,000

100,000

90,000

3,000,000

500,000

15,000

30,000,000

5,000,000

2,000,000

1,000,000
20,000,000

90,000
 Ledger

Cash Land

50,000,000 5,000,000 50,00,000

20,000,000 15,000,000
90,000,000 40,000,000
2,000,000 3,000,000
1,000,000 Construction
9,000,000
35,000 15,000,000
1,000,000
50,000
9,000,000 Machinery
20,000,000
100,000 4,00,00,000
180,000
1,000,000
Furniture
162,000,000 104,365,000
30,00,000

Balance 57,635,000
 Land Air Condition Transport

10,00,000 35,000

Raw materials Investment

Construction
60,00,000 2,00,00,000
30,00,000

90,00,000 Balance
Machinery
Loan
Advertisment
10,00,000 2,00,00,000
1,00,000
Furniture
Balance 1,90,00,000
 Advertisment

1,00,000

Sales Revenue

4,00,00,000
3,00,00,000
2,00,00,000

Balance 9,00,00,000

Investment revenue

20,00,000
 Trail Balance
Debit Credit
Cash 57,635,000
Capital 50,000,000
Land 5,000,000
Construction 15,000,000
Machine 40,000,000
Furniture 3,000,000
Air condition 1,000,000
Raw materials 9,000,000
Transportation 35,000
Loan 19,000,000
Stationery 50,000
Salary 9,000,000
Investment on bonds 20,000,000
Advertisment 100,000
Utility 1,000,000
Rent 180,000
Revenue 90,000,000
Interest received 2,000,000

161,000,000 161,000,000
 Income statement
Income Expenses

9,000,000
35,000

9,000,000

100,000
1,000,000
180,000
90,000,000
2,000,000

92,000,000 19,315,000
Net profit 72,685,000
 Blanace Sheet
Assets Liabilities & Owner's Equity
57635000
50000000
5000000
15000000
40000000
3000000
1000000

19000000
50000

20000000

Net profit 72,685,000

141685000 141685000