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Accounting Ledger and Trial Balance

1. The document provides examples of basic accounting ledger entries to record business transactions involving assets, expenses, liabilities, capital, revenue and cash. 2. Transactions include purchases of assets using cash or liability, payment of expenses using cash or increasing liability, and generating revenue through sales. 3. Debits and credits are used to record increases and decreases to different accounts, following standard accounting rules where assets and expenses are debited and liabilities, capital and revenue are credited.

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Armghan ahmad
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7 views22 pages

Accounting Ledger and Trial Balance

1. The document provides examples of basic accounting ledger entries to record business transactions involving assets, expenses, liabilities, capital, revenue and cash. 2. Transactions include purchases of assets using cash or liability, payment of expenses using cash or increasing liability, and generating revenue through sales. 3. Debits and credits are used to record increases and decreases to different accounts, following standard accounting rules where assets and expenses are debited and liabilities, capital and revenue are credited.

Uploaded by

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

formula

s#no
clear
r=revenue 1
L=liability
E=expense
A=assets
C=capital 2

increase decrease
assets debit credit 3
liability credit debit
revenue credit debit
expense debit credit
capital credit debit 4

CLEAR formula of accounting 5


CLR increase cr decrease dr
A&E increase Dr decrease Cr

ledger
7

8
cash

journal. Entries.

10
11

12

13

14

15

16

17

18

19

20

21
22

23

24

25

cash reciv

26

27

28

29

30

31

32
33

34

35

36

37

38

39

40

41

42

43
44

45

46
assets cash ledger
dr cr dr cr
100 250 200000 100 47
250 500 200 220
330 250000 120
1000 2500 200
200 500 500 48
150 1200 1000
200000 4000 100
1200 150
1200 200000 49
1500 500
1500 45000
1500 1500
sum 208930 208930 200 50
subtract 208180 500
capital 500
dr cr 1200
200000 1200 expense
0 250000 1200 Dr cr
450000 450000 1200 220
100 120
100 500 cash
revenue 1500 100
dr cr 1000 420
200 1000 500
sum 200 100 4500
100 1500
1500 200
sum 458400 260790 500
subtract 197610 500
500
1200
100
100
liability 1000
Dr Cr 1000
100 150 1000
150 330 450
1200 1200 sum 14410 0
1200 100
100 1500 sales
100 1000 dr cr
5430 4000 200
sum 8280 8280 250
subtratct 5430 200
sum 650 0
a/payble dr cr
500 200
420
150 inventory dr cr
5000 500 500
5770 500 sum 500 500
sum 6270 6270 0 0
subtrat 0

paid dr cr
250
100
sum 0 350 dr cr
assets 208180
cash 197610
capital 450000

revenue 200
expense 14410
sales 650
a/p 5770
cashII 350
recivable 2900
liability 5430
223240 662260
ledger entries of accounting
decription Dr Cr dr cr

cash 2,00,000 200000


capital 2,00,000 200000
investing capital for business

purchase 100 100


cash 100 100
purchase good assets increase
purchase 200 200
cash 200 200
puchase office equipment

purchase 150 150


cash 150 150
liability increase (A/C payable)

purcahse truck(assets) 250 250


paid cash 250 250
short term liablity in one month

rent(expense) 220 220


cash 220 220

cash paid for rent

painting 120 120


cash 120 120

expense increase

machine(assets) 330 330


on liability 330 330
increase liablity

wages (expense) 500 500


cash 500 500
employees wages

purchase business asset 1000 1000


cash 1000 1000
purchase for assets

purchase business asset 200 200


payble(liability) 200 200
paid for short time liablity

liablity(cash paid) 100 100


paid(liability) 100 100
cash paid of short term liablity

electric bill(expense) 100 100


cash 100 100
assets decrease

other expense 420 420


A/C payble(liabiity) 420 420
A/C payble

purchase table office(expense) 150 150


payble(liability) 150 150
puchase table in libality accounts

paid (liablity) 150 150


cash decrease 150 150
paid liablity to goods

sales 200 200


revenue 200 200
sales good on cash

sales office equipment 250 250


cash 250 250
assets decrease

cash 2,50,000 250000


capital/owner equity 2,50,000 250000
capital invest again in business

purchase building 2,00,000 200000


cash 2,00,000 200000

cash is paid to purchaser

a/recivable 200 200


sales 200 200
cash will be recivable
return sales 200 200
a/recivable 200 100
100
cash recivied

purcahase raw meterial(asset) 5000 5000


account payble(liability) 5000 5000
purcahse goods for sales

paid (cash) 500 500


revenue 500 500
cash paid of sales

cash 2500 2500


account recivable 2500 2500
cash recived from A/C recivable

transfort(expert) 500 500


cash 500 500
cash is paid for transfort

salary(expense) 45000 45000


cash 45000 45000
salary to employees

supplies (expense) 1500 1500


cash 1500 1500
cash paid for supplies

commision for sales(expense) 200 200


cash 200 200
commision for more slae to employees

office advertizment(expense) 500 500


cash to advertizer 500 500
cash fot advertizment

insurance(expense) 500 500


cash 500 500
cash for office insurance

wages expense 500 500


cash payble(liablity) 500 500
cash will be payble
purchase gold(cash) 500 500
assets 500 500
cash revied

persnol use(expense) 1200 1200


cash 1200 1200
cash for persnol expense

purchase assets(cash) 1200 1200


assets 1200 1200
cash invest for more assets

loan(increase asset 1200 1200


liability 1200 1200
comanyn loan for business

liability(loan payble) 1200 1200


cash 1200 1200
loan will be payble

liablility (decrease) 1200 1200


cash paid 1200 1200
loan paid to bank

cleaning(expense) 100 100


payble(liability) 100 100
cash on laiblity accout

cleaning(expense) 100 100


cash 100 100
cash paid for cleaning office

cash paid for (liablity) 100 100


paid(cash decrease) 100 100

cash paid of laiblity

marchandise purchase(assets) 1500 1500


A/C payble(liability) 1500 1500
purchase marchandise on libality

marchandise(assets) 1500 1500


cash 1500 1500
purchase good on cash
divident(expese) 1000 1000
payable(lianlity) 1000 1000

divident(expense) 1000 1000


cash 1000 1000

interest(expense) 1000 1000


cash 1000 1000

liability (decrease) 100 100


A/Recivable 100 100
cash revied

cash 4000 4000


note payble(liability) 4000 4000
cash payble In fixed date

fuel expense 100 100


cash 100 100
cash decrease

computer (assets) 1500 1500


cash 1500 1500
for office use.
0 sum 730040 730040

#VALUE!

recivable dr cr
200
100
100
2500
sum 0 2900
2900
dr cr

208180
450000

200

difference
cash expense
dr cr dr cr
200000 100 100
250 200 1000
330 150 1000
200 250 1000
100 220 100
250000 120 100
500 500 1200
5000 1000 500
2500 100 500
1200 150 500
1500 250 200
1500 200000 1500
4000 500 4500
1500 4500 500
468580 1500 420
200 100
500 500
500 120
500 220
1200 150
1200 200
1200 14410
100
100
1500
1000
1000
100
1500
1200
221340
468580
dr 247240
liability a/ recivable sales
dr cr dr cr dr cr
150 330 200 200 200
1200 200 100 200
1200 100 200
100 420 400 200
100 150 200
5000
500 revenue
1200 dr cr
100 200
1500 500 capital
1000 dr cr
4000 200000
700 250000

2750 14500 450000


11750

trial balnce
dr cr
cash 247240
expense 14410
sales 200
liability 11750
revenue 700
capital 450000
a/reveble 100
261850 462550
200700
General entries

cash Dr Cr
2,00,000
100
200
220
1000
100
2,50,000
100
2500
200
500
500
500
1200
200
1200
100
1500
1000
150 100
4000
100
1500
sum 7250 9720
2470

liability Dr Cr
330
100
150
100
1200
1200
100
100
150

sum 1650 1780


130

capital Dr Cr
2,00,000
250000

sum 250000

office equpment Dr Cr
200

sum 200

invetment&recivable account Dr Cr
1200
500
2500
100
200

sum 1200 3300


2100
trial balanc
s#no description
1 cash
2 assets
3 revenue
4 sales
5 capital
6 purcahse building
7 investment& recivable
8 intrest & divident
9 loan
10 office equipment
11 liablity
12 inventory
13 all paids
assets Dr Cr expense Dr Cr
1500 220
1500 120
1500 120
200 500
1000 500
330 100
250 420
150 500
100 500
150 45000
sum 6680 45000
1500
1500
500
500 500
500
1200
100
100
100
sum 51360 48120

note payble,A/c payble and paid Dr Cr


4000
1000
0 1500
100
100
1200
1200
500
5000
100000
100000
150
150
200
250
100
loan Dr Cr sum 214950
1200 214450

sum 1200 inventry Dr Cr


5000
500

intrest and dividedent Dr Cr


1000 sum 5500
1000
1000

sum 3000

sales Dr Cr revenue Dr Cr
200 200
250
200
200
sum 200
sum 850
purchase building Dr Cr
200000

sum0 200000
trial balance
Dr Cr
2470
6680
200
850
250000
200000
2100
3000
1200
200
130
5500
214450

214030 472750
258720 left side is not equal to write side

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