Fresher 2 Expert
PROJECT-3
Create A New Company Named POWER & COMPANY LTD. With The
Financial Period As Starting From 01.04.2023.
And Then Create The Following Ledgers Head Along With Their Opening
Balance.
Note:- Ledger Heads Must Be Created Under The Proper Groups & Must Be
Tagged With Proper Dr/ Cr.
BALANCE SHEET
AS ON 31.03.2023
LIABILITIES AMOUNT ASSETS AMOUNT
Capital A/c 258000.00 Plant 25000.00
Profit & Loss A/c 50000.00 Furniture 25000.00
UBI Bank Loan 40000.00 Indu InfoTech(Debtor) 15000.00
Tapas Pvt. Ltd.(Creditor) 10000.00 Union Bank Of India 25000.00
Outstanding Salary 2000.00 Cash In Hand 200000.00
Drawings (-)5000.00 Goodwill 50000.00
Factory 15000.00
355000.00 355000.00
Working:-
Create The Following Unit Of Measures:-
Piece, Dozens, Kilogram
Create The Following Stock Group:-
Raw materials, Working In Progress, Finished goods
Create The Following Stock Category:-
Garments, Electronics, Food & Drinks, Machine Ect.
Create The Following Stock Item:-
1. Silk garments, Shart, Woolen Garment, Sweater, Handkerchief.
2. Color TV, Tape, Radio Etc.
3. Tea, Coffee, Wheat, Rice Etc.
Create The Following Godowns:-
Dum Dum, Budge Budge.
CREATED BY A. JANA
Fresher 2 Expert
Current Year Adjustments:-
Credit Purchase 120 Pcs Of Shart @ Rs.125/- Per Pcs From Rocky Garments.
Credit Sales 100 Pcs Of Shart @ Rs. 175/- Per Pcs To Mondal Trader.
Purchase Return To Rocky Garments 30 Pcs Of Shart @ Rs.125/- Each.
Sales Return From Mondal Traders 20 Pcs Of Shart @ Rs.175/- Each.
Cash Paid To Rocky Garments Rs.12500/-.
Purchase In Credit 200 Pcs Of Silk Garments @ Rs.55/- Per Pcs From Anjali Traders.
Cash Purchase 115 Pcs Of Shawls @ Rs.100/- Per Pcs.
Cash Received From Mondal Traders Rs.8750/- And Discount Allowed To Him
Rs.1200/-.
Brought 150 Pcs Of Woolen Garments From Delhi Wool Centre @ Rs.55/- Per Pcs.
Purchase 200 Pcs Of Sweater @ Rs.80/-Each From Delhi Wool Centre. (Carriage Charge
& Freight Will Be Rs.250/-).
Purchase 25 Dozens Of Cotton Trousers @ 350/- Per Dozens From Rocky Garments.
Sold To Riya Stores 100 Sweaters @ Rs. 115/- Per Pcs And Trade Discount Allowed To
Him @ 10%.
Purhcase 50 Dozens Of Handkerchief @ Rs.15/- Per Dozens From Rocky Garments.
(Packing Charge Rs.200/- Extra.)
Sold 50 Pcs Of Silk Garments @ Rs. 100/- To Mondal Traders.
Cash Paid To Anjali Traders Rs.4000/- And Discount Received From Rs.1000/-.
Cash Paid To Delhi Wool Centre Rs.12000/- and Discount Received From Him Rs.
2000/-.
Cash Paid To Rocky Garments In Full Of His Settlement.
Cash Received From Mondal Traders In Full Of His Settlement.
Purchase From Das Electronics 14 Pcs Of TV @ Rs.8500/- Per Pcs.
Purchase From Roy Electronics 14 Pcs Of F.M @ Rs.300/- Each And 20 Pcs Of D.V.D
@ Rs. 1400/- Each.
Sold To Indu 6 Pcs Of TV @ Rs.10500/- Each And 5 Pcs Of F.M @ Rs. 450/- Each.
Sold To Aslam Brothers 6 Pcs Of D.V.D @ Rs. 1650/- Each.
Purchase From Tapas Pvt. Ltd. 200 Kilogram Tea @ Rs. 150/- Per Kg.
Purchase 150 Kilogram Of Coffee @ Rs. 200/- Per Kilogram From Tapas Pvt. Ltd.
CREATED BY A. JANA
Fresher 2 Expert
Sold To Indu 100 Kilogram Of Tea @ Rs.185/- Per K.G.
Sold To Indu 100 Kilogram Of Coffee @ Rs. 250/- Per K.G.
Purchase Return To Tapas Pvt. Ltd. 50 Kilogram Of Tea For Inferior Quality.
Sales Return From Indu 40 Kilogram Of Coffee For Bad Quality.
Cheque Paid To Das Electronics Rs.50000/-.
Cash Received From Indu In Full Settlement Of Her Dues.
Cash Paid To Tapas Pvt. Ltd. In Full Settlement Of His Dues.
Depreciation Charged On:-
Plant @ 10%.
Furniture @ 5%.
NOW DO THE FOLLOWINGS:-
1. See The Trial Balance.
2. See The Profit & Loss A/c.
3. See The Balance Sheet.
4. See The Day Book (Purchase, Sales, And Cash & Bank Book).
5. See The Statement Of Inventory Like Godown, Stock Category, Stock
Group.
CREATED BY A. JANA