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Program 4 Journal Entry

The document outlines the financial details of Podar Co. Ltd for the fiscal year from April 1, 2025, to March 31, 2026, including ledgers, groups, and opening balances. It details sales, purchases, returns, and various journal entries related to income, expenses, and assets. Additionally, it includes information on consulting revenue, discounts received, depreciation, and various expenses incurred during the year.

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0% found this document useful (0 votes)
5 views4 pages

Program 4 Journal Entry

The document outlines the financial details of Podar Co. Ltd for the fiscal year from April 1, 2025, to March 31, 2026, including ledgers, groups, and opening balances. It details sales, purchases, returns, and various journal entries related to income, expenses, and assets. Additionally, it includes information on consulting revenue, discounts received, depreciation, and various expenses incurred during the year.

Uploaded by

subashsdn
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Business name : Podar Co.

Ltd
Financial year : 1 Apr 2025 to 31 Mar 2026

LEDGERS GROUPS [Link]


Capital Reserve Reserve & Surplus 19000
General Reserve Reserve & Surplus 28000
Podar Capital A/c Capital Accounts 1,75,000
Outstanding Salary Provisions 5500
Wages Payable Current Liabilities 1300
Tax Deducted at Source Duties & Taxes 540
Balakrishna Sundry Creditor 13000
Ranjan Lal Mishra Sundry Creditor 9000
Ratan Shetty Sundry Creditor 18000
Computers Fixed Assets 25200
Building Fixed Assets 37500
Telephone Deposit Deposit (Assets) 1500
KEB Deposit Deposit (Assets) 3000
Advance to staff Loan & Advances (Assets) 15000
Commission Receivable Current Assets 5600
Bills Receivable Current Assets 13800
Bank of Baroda Banak Accounts 55700
Cash in Hand Cash-in-Hand 13500
Investment in Shares Investments 85000
Stock Stock-in-Hand 13540
Gautam Ltd Sundry Debitor 7800
Ankoosh Pvt Sundry Debitor 5000
Sujeet A/c Sundry Debitor 8440
Purchase return Purchase Accounts 1500
Sales Return Sales Accounts 21240
Sales During the Year
Group = SUNDRY DEBTOR
PARTY DEBIT Bill No
Gautam Ltd 7800 S101
Ankoosh Pvt 5000 S102
Sujeet A/c 8440 S103
Bal Krishna 4000 P103

Journal Entry DEBIT CREDIT


Gautam Ltd Dr 7800
Ankoosh Pvt Dr 5000
Sujeet A/c Dr 8440
Bal Krishna Dr 4000
Sales A/c. Cr 25240

Purchase During the Year


Party Amount Bill no
Ranjan lal mishra 3000 P101
Ratan Sheety 5800 P102
Bal Krishna 4000 P103

Journal Entry DEBIT CREDIT


Purchase A/c. Dr 12800
Ranjan lal mishra Cr 3000
Ratan Sheety Cr 5800
Bal Krishna Cr 4000
Purchase Return During the Year
Voucher Type: DEBIT NOTE
Party Amount
Ranjanlal 500
Ratan Sheety 200
Bal Krishna 800

Journal Entry DEBIT CREDIT


Ranjanlal Dr 500
Ratan Sheety Dr 200
Bal Krishna Dr 800
Purchase Return A/c. Cr 1500

Sales Return During the Year


Voucher Type = CREDIT NOTE
PARTY DEBIT Bill No

Gautam Ltd 7800 S101


Ankoosh Pvt 5000 S102
Sujeet A/c 8440 S103

Journal Entry DEBIT CREDIT


Sales Return A/c. Dr 21240
Gautam Ltd Cr 7800
Ankoosh Pvt Cr 5000
Sujeet A/c Cr 8440
Other Information
1. Received Consulting Revenue Rs.1400 GROUP
Cash A/c. Dr 1400 Cash in hand
Consulting Revenue Cr 1400 Indirect Income

2. Discount Received Rs.13000


Cash A/c. Dr 13000 Cash-in-Hand
Discount Recd Cr 13000 Indirect Income

3. Deprecation on Computer @33% and on Building @15%


Depriciation A/c. Dr 13941 Indirect Expense
Computer A/c Cr 8316 Fixed Assets
Building A/c. Cr 5625 Fixed Assets

4. Printing & Stationary paid by Cheque Rs.1900


Printing & Stationary A/c Dr 1900 Indirect Expenses
Bank A/c. Cr 1900 Bank Accounts

5. Cash Withdrawn from bank for personal use Rs.5000


Drawings A/c. Dr 5000 Capital A/c
Bank A/c. Cr 5000 Bank A/c.

7. Conveyance Expenses of Rs.1900


Convenance Exp Dr 1900 Indirect Expense
Cash A/c. Cr 1900 Cash in hand

8. Advertisement Paid Rs.3000


Advertisement Exp Dr 3000 Indirect Exp

Cash A/c Cr 3000 Cash in hand

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