Académique Documents
Professionnel Documents
Culture Documents
1-Apr
1-Apr
1-Apr
1-Apr
1-Apr
1-Apr
1-Apr
1-Apr
1-Apr
1-Apr
3-Apr
3-Apr
3-Apr
3-Apr
3-Apr
3-Apr
4-Apr
4-Apr
4-Apr
4-Apr
4-Apr
4-Apr
4-Apr
4-Apr
4-Apr
5-Apr
5-Apr
5-Apr
6-Apr
6-Apr
7-Apr
7-Apr
8-Apr
8-Apr
8-Apr
9-Apr
10-Apr
10-Apr
10-Apr
11-Apr
13-Apr
17-Apr
20-Apr
20-Apr
25-Apr
25-Apr
25-Apr
25-Apr
25-Apr
Transaction for The Month of April
Rs 10,000,000 is invested to start a business from which 60% is invested by owner and 40% is
loan collected from bank @ 15%.
purchase car (lancer 1) of Rs 800000 on account from shewani motors
purchase car (lancer 2) of Rs 800000 on account from Road Masters
purchase car (corolla 1) of Rs 800000 on account from TCM
purchase car (corolla 2) of Rs 800000 on account from TSM
purchase car (corolla 3) of Rs 800000 on account from Indus
purchase car (corolla 4) of Rs 800000 on from Shani Motors
purchase car (corolla 5) of Rs 800000 on from Agha motors
purchase car (corolla 6) of Rs 800000 on from Gulam motors
Rs 2000 is paid for Patrol refilling of Corolla 4
purchase car (Cultus 1) of Rs 600000 on from Margalla motors
purchase car (Cultus 2) of Rs 600000 on from Sana motors
purchase car (Cultus 3) of Rs 600000 on from Danish motors
purchase car (Cultus 4) of Rs 600000 on from Carachi motors
purchase refrigarator for office use of Rs 25000 from Zaheer Electronics
Rs 1200 is paid for Patrol refilling of Corolla 5
purchase furniture for office use of Rs 18000 from Zahid Furnitures.
Purchase Office Equipments of Rs 50000 from ALA Sons.
Engine oil purchased for Rs 15000
paid rent of office Rs 30000
paid salaries to employees Rs 64000
pay cash of Rs 9000 to Dandi Ad Agency.
purchase stationary for office use of Rs 1500
Rs 2000 is paid for Patrol refilling of Corolla 6
Rs 32000 is recievable from PSO for the services rendered.
Received Cash of Rs 12000 from Mr. Mohib for the services.
Received Cash of Rs 20000 from Mr. Athar Iqbal for the services.
refreshment for customer of Rs 400
Received Cash of Rs 30000 from Mr. Khalid for the services .
Rs 2000 is paid for Patrol refilling of Corolla 4
Rs 30000 is recievable from Shell Gas for the services rendered.
utility bills are paid of Rs 21600
Received Cash of Rs 36000 from Ms. Ghazala for the services.
Rs 2000 is paid for Patrol refilling of Cultus 3
Rs 30000 is recievable from GFG for the services rendered.
Received Cash of Rs 30000 from Mr. Shahid for the services.
Rs 34000 is recievable from I.U. for the services rendered.
cash received from GFG of Rs 18000
cash received from Shell Gas of Rs 18000
Rs 35000 is recievable from TCS for the services rendered.
cash received from TCS of Rs 21000
cash received from I.U. of Rs 20400
refreshment for customer of Rs 350
cash received from PSO of Rs 19200
paid Rs 80000 to Shewani motors.
paid Rs 80000 to road masters
paid Rs 80000 to TCM
paid Rs 80000 to TSM
paid Rs 80000 to Indus Motors
Adjustments:
intrest expense of 15% p.a. for this month is not paid yet of Rs 50000
dep. Expense is charged on lancer 1 @ 10%
dep. Expense is charged on lancer 2 @ 10%
dep. Expense is charged on Corolla 1 @ 10%
dep. Expense is charged on Corolla 2 @ 10%
dep. Expense is charged on Corolla 3 @ 10%
dep. Expense is charged on Corolla 4 @ 10%
dep. Expense is charged on Corolla 5 @ 10%
dep. Expense is charged on Corolla 6 @ 10%
dep. Expense is charged on Cultus 1 @ 10%
dep. Expense is charged on Cultus 2 @ 10%
dep. Expense is charged on Cultus 3 @ 10%
dep. Expense is charged on Cultus 4 @ 10%
dep. Expense is charged on refrigerator @ 6%
dep. Expense is charged on Furniture @ 6%
dep. Expense is charged on Office Equipment @ 6%
Date Description Debit
6,000,000
4,000,000
800,000
800,000
800,000
800,000
800,000
2,402,000
2,426,200
189,500
32,000
Credit
400
32,000
2,000
30,000
30,000
21,600
66,000
2,000
30,000
18,000
18,000
34,000
35,000
21,000
20,400
350
19,200
Credit
400,000
50,000
73,798
Cash
Debit Credit
1-Apr 10,000,000 1-Apr 2,402,000
5-Apr 12,000 3-Apr 2,426,200
5-Apr 20,000 4-Apr 189,500
6-Apr 30,000 5-Apr 400
8-Apr 36,000 6-Apr 2,000
9-Apr 30,000 7-Apr 21,600
10-Apr 18,000 8-Apr 2,000
10-Apr 18,000 20-Apr 350
13-Apr 21,000 25-Apr 400,000
17-Apr 20,400
20-Apr 19,200 30-Apr c/d 4,780,550
10,224,600 10,224,600
1-May b/d 4,780,550
Capital- Owner
Debit Credit
30-Apr c/d 6,000,000 1-Apr 6,000,000
6,000,000 6,000,000
1-May b/d 6,000,000
Purchases
Debit Credit
1-Apr 6,400,000 30-Apr c/d 8,893,000
3-Apr 2,425,000
4-Apr 68,000
8,893,000 8,893,000
1-May b/d 8,893,000
Loan Payable
Debit Credit
30-Apr c/d 4,000,000 1-Apr 4,000,000
4,000,000 4,000,000
1-May b/d 4,000,000
A/P - Shiwani Motors
Debit Credit
25-Apr 80,000 1-Apr 800,000
A/P - TCM
Debit Credit
25-Apr 80,000 1-Apr 800,000
A/P - TSM
Debit Credit
25-Apr 80,000 1-Apr 800,000
30,000 30,000
1-May b/d 30,000
Fuel Expense
Debit Credit
1-Apr 2,000 30-Apr c/d 9,200
3-Apr 1,200
4-Apr 2,000
6-Apr 2,000
8-Apr 2,000
9,200 9,200
1-May b/d 9,200
Salaries Expense
Debit Credit
4-Apr 64,000 30-Apr c/d 64,000
64,000 64,000
1-May b/d 64,000
Advertisment Expense
Debit Credit
4-Apr 9,000 30-Apr c/d 9,000
9,000 9,000
1-May b/d 9,000
Stationary Expense
Debit Credit
4-Apr 1,500 30-Apr c/d 1,500
1,500 1,500
1-May b/d 1,500
Miscillinious Expense
Debit Credit
5-Apr 400 30-Apr c/d 750
20-Apr 350
750 750
1-May b/d 750
Utility Expense
Debit Credit
7-Apr 21,600 30-Apr c/d 21,600
21,600 21,600
1-May b/d 21,600
Maintenance Expense
Debit Credit
4-Apr 15,000 30-Apr c/d 15,000
15,000 15,000
1-May b/d 15,000
Interest Expense
Debit Credit
30-Apr 50,000 30-Apr c/d 50,000
50,000 50,000
1-May b/d 50,000
73,333 73,333
1-May b/d 73,333
465 465
1-May b/d 465
Interest Payable
Debit Credit
30-Apr c/d 50,000 30-Apr 50,000
50,000 50,000
1-May b/d 50,000
A/R - PSO
Debit Credit
4-Apr 32,000 20-Apr 19,200
A/R - GFG
Debit Credit
8-Apr 30,000 10-Apr 18,000
A/R - I.U.
Debit Credit
10-Apr 34,000 17-Apr 20,400
A/R - TCS
Debit Credit
11-Apr 35,000 13-Apr 21,000
Service Revenue
Debit Credit
30-Apr c/d 289,000 4-Apr 32,000
5-Apr 32,000
6-Apr 30,000
7-Apr 30,000
8-Apr 66,000
9-Apr 30,000
10-Apr 34,000
11-Apr 35,000
289,000 289,000
1-May b/d 289,000
73,798 73,798
1-May b/d 73,798
Trial Balance
For The Month ended April 30
14,012,798
e
d April 30
Credit
6,000,000
4,000,000
720,000
720,000
720,000
720,000
720,000
50,000
289,000
73,798
14,012,798
INCOME STATEMENT
For the month ended April 30, 2008
Rs
Revenue:
Service Revenue 289,000
Expenses:
Rent Expense 30,000
Fuel Expense 9,200
Salaries Expense 64,000
Advertisment Expense 9,000
Stationary Expense 1,500
Miscillinious Expense 750
Utility Expense 21,600
Maintenance Expense 15,000
Interest Expense 50,000
Depriciation Expense - Vehicles 73,333
Depriciation Expense - Other 465
274,848
Profit 14,152
Balance Sheet
As at April 30, 2008
Assets Equities
Current Assets: Current Liabilities:
cash 4,780,550 A/P - Shiwani Motors 720,000
A/R - PSO 12,800 A/P - TCM 720,000
A/R - Shell Gas 12,000 A/P - Road Masters 720,000
A/R - GFG 12,000 A/P - TSM 720,000
A/R - I.U. 13,600 A/P - INDUS Motors 720,000
A/R - TCS 14,000 Loan Payable 4,000,000
Interest Payable 50,000
Total 4,844,950 Total liabilities 7,650,000