Assignment 5
Q.1 Create a new company with the name Swastik – student’s Name-A5
Financial Year: 2021-222
Q.2 Pass opening Entry from the last year’s (2021-22) Balance sheet
which is given below:
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNT |
|
Capital Account |
|
Fixed Assets |
|
|
Capital |
9500000
|
Goodwill |
1500000
|
|
Profit & Loss A/c |
1000000
|
Plant & Machinery |
2500000
|
|
Drawing |
(400000)
|
Land & Building |
2000000
|
|
Reserve & Surplus |
|
Furniture & Fixture |
1000000
|
|
Capital Reserve |
200000
|
Investment |
|
|
General Reserve |
100000
|
Investment in securities |
500000
|
|
Loan (Liability) |
|
Investment in Gold Bond |
500000
|
|
Loan From ICICI Bank |
|
Current Assets |
|
|
Loan From Muthoot Finance |
1500000
|
Prepaid Rent |
50000
|
|
Current Liabilities |
|
Security deposit to BSNL |
50000
|
|
Outstanding Salary |
100000
|
Sundry Debtors |
1200000
|
|
Sundry Creditors |
550000
|
Union Bank- Current A/c |
2000000
|
|
O/D from Union Bank |
150000
|
Axis Bank- Current A/c |
1750000
|
|
O/D from Axis Bank |
200000
|
Closing Stock |
1900000
|
|
Provision for Bad Debts |
25000
|
Cash
|
550000
|
|
Provision for insurance |
75000
|
|
|
|
|
|
|
|
|
Total |
15500000
|
Total |
15500000
|
|
Customer’s details |
||
|
Durgesh
Singh |
Sale/012S/21-22 |
200000 |
|
|
Sale/0220/21-22 |
150000 |
|
Surya
Pratap Singh |
Sale/0144/21-22 |
250000 |
|
|
Sale/0235/21-22 |
300000 |
|
Anurag |
Sale/0240/21-22 |
300000 |
|
Supplier’s Details |
||
|
Arpit
Trading Company |
Bill/0519/21-22 |
250000 |
|
Mathur&
sons |
Bill/0460/21-22 |
300000 |
Report:
Gotà Balance Sheet
Gotà Displayà Statement of accountsà outstandingà Receivable/Payable
Q3. Company
introduce Rs 200000/- as further capital in to business on 1.4.2022 in cash.
Q4. Paid rent Rs 5000 /- in cash
on 1.4.2022.
Q5. Cash Rs 180000 /- receive
from Anurag on 2.4.2022.
Q6. Rs 100000, /-
cash deposited in to axis bank on 2.4.2022. (2000x30,500x80).
Q7 Withdraw from union bank R
50000/- for office expense on 1.5.2022.
Q.8 Paid to Arpit trading
company Rs 150000/- by cheque of axis bank (250001) on 1.5.2022.
Q9 Cheque of ICICI Receipt
R200000e- from Durgesh Singh against the bill no 125 Cheque no 656598 on 2.5.2022.
Q.10 Paid outstanding salary by
cheque of axis bank (250002) on 1 6.2022.
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