Accounts Project File

7/30/2019 Accounts Project File

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ST.XAVIER`S SEN. SEC. SCHOOL

Class- XI B

(Commerce)

Roll no- 08 Subject- Accounts

Accounts project work

Accounts project

ACCOUN

TSPROJE

CT

Project By-yogesh verma

Teacher Name- Mr. Biswas sir

C O M P A N Y A D D R E S S - 1 6 9 , O M N A G E R R O A D , S U L T A N P U R

Company Name yogesh

enterprises


2/23

Preface

This project of Accounts has been made according to the

topic which was provided to me by our subject teacher. I

have done details study and research of the different

company profiles and made this project. The project has

been written in a simple language, keeping in view of the

topics provided to me. Practical examples have been

given for references of the Company transactions.

After doing this project my practical knowledge of

Accounts have improved. I have every confidence that

after doing this project my concept of Business have

improved.

I express our sincere thanks to the teachers, my

parents and elders for their valuable suggestions and

time and encouragement provided by them in making my

project a quality one.


3/23

Acknowledgement

Yogesh verma of class XI (Com) solemnly declare that the

report of the project work entitled Accounts project, is

based on my own work carried out during the course of

my study under the supervision of Mr. Biswas Sir

I assert that the statements made and the details

used and the conclusions drawn are an outcome of theproject work. I further declare

that to the best of my knowledge and belief I have done

my project.


4/23

Index


5/23

Introduction To Company


6/23

My Company name is yogesh Enterprises.

It is situated at 169, om nager Road, Sultanpur.

In my company the box of sweets are prepared.

Company Profile


7/23

Transaction

Date Details Amount

2011 Rs.

Sept.01Open a bank account with ICICI bank

2,00,000

Sept.02 Sold to Hari raw material for making sweets boxes forcash

50,000


8/23

Sept.05Sold to Rakesh a paper bundle for cash

42,000

Sept.07Purchase paper from mohit ltd. For cash

2,20,251

Sept.09Sold to naresh sweet box for cash

12,000

sept.12Purchase raw material from mohit ltd. For cash

1,21,000

Sept.14Cash deposited into bank

2,00,000

Sept.16Purchase machinery in full settlement

3,00,000

Sept.19sold goods for cash to nilesh

20,000

Sept.20Sold goods to Mr. B on credit

1,20,000

Sept.22 Paid Electricity bill of factory 5,000

Sept.23Received cash from Mr. B

1,20,000

Sept.26Cash withdrawl for personal use

12,000

Sept.27Paid salaries to workers in cash

5,000

Sept.28Purchase goods from rahul bros. For cash

12,00,000

Sept.29 Sold goods to Mr. Sanjay for cash on credit 12,250

Sept.30Sold goods to Mr. Pradeep for cash

15,000

Voucher


9/23

On the basis of source document entries are

first of all recorded on voucher and then on the

basis of the voucher recording are made in thejournal or books or original entries. Vouchers

are printed separately by all the firms in their

own names. Voucher is counter signed by an

authorised person the firm.

Types Of Voucher

Voucher

CashVoucher

Debit voucher

for cashpayment

CreditVoucher

Non CashVoucher


10/23

Debit Voucher

Yogesh Enterprises

169,om nager road, Sultanpur

Voucher No- Date:10/09/2011

DEBIT-Paper A/c

............................................................................................................................

.......................................................

(Purchase paper from mohit ltd. Vide bill no. 562 and payment made by cash

dated07/09/2011 )

TOTAL

Amount

2,20,251

2,20,251

Signature Signature............... ................

Manager Accountant

Credit Voucher

yogesh Enterprises

169,om nager road, Sultanpur

Voucher No- Date:

CREDIT-Sales A/c

............................................................................................................................

.......................................................

For goods sold and payment received by cash)

Amount

2,71,250

2,71,250

Signature Signature

............... ................

Manager Accountant

Transfer Voucher


11/23

TRANSFER VOUCHER

yogesh Enterprises

169. om nager road, Sultanpur

Voucher No- Date:

Amount

DEBIT-

Total Rs.

CREDIT

Total Rs.

Signature Signature............... ..............

Manager Accountant

Journal


12/23

Journal is a book of original entry in which the

transaction are recoded first of all, as and when theytake place.

The Journal as originally used , is the book of prime entry

in which the transaction are copied in order of date from

a memorandum or waste book. The entries as they arecopied are classified into debits and credit so as to

facilitate their bring correctly posted afterward in the

ledger.

Date Particulars L.F Amount(Dr.) Amount(Cr.)

Sept.01 Bank A/c Dr.To Cash A/c

2,00,0002,00,000

Sept.02 Cash A/c Dr. 50,000


13/23

To sales A/c 50,000

Sept.05 Cash A/c Dr.

To sales A/c

42,000

42,000

Sept.07 purchase A/c Dr.

To cash A/c

2,20,251

2,20,251


To sales A/c

12,000

12,000

sept.12 purchase A/c Dr.

To cash A/c

1,21,000

1,21,000

Sept.14 Bank A/c Dr.

To cash A/c

2,00,000

2,00,000

Sept.16 Machinery A/c Dr.To cash A/c

3,00,0003,00,000


To sales A/c

20,000

20,000

Sept.20 Mr. B Dr.

To sales A/c

1,20,000

1,20,000

Sept.22 Electricity A/c Dr.

To cash A/c

5,000

5,000

Sept.23 Cash A/c DrTo Mr. B

1,20,0001,20,000

Sept.26 Drawing A/c Dr.

To cash A/c

12,000

12,000

Sept.27 Salary A/c Dr.

To cash A/c

5,000

5,000

Sept.28 Purchase A/c Dr.

To cash A/c

12,00,000

12,00,000Sept.29 Sanjay Dr.

To sales A/c

12,250

12,250


To sales A/c

15,000

15,000

TOTAL 31,66,752 31,66,752

Ledger


14/23

Business transactions are first enter in journal

and the next step is to transfer the entries to

respective accounts in ledger. The ledger is theprinciple book of accounting system it

contains different accounts where

transactions relating to that are recorded.

Ledger is the book which contain all accounts

of business enterprise where personal, Realand Nominal A/c.

Cash Account


15/23

Date Particular l.f Amount Date Particular l.f Amount

2011 Rs. 2011 Rs.

Sept 02 To Sales A/c 50,000 Sept 01 By Bank A/c 2,00,000

Sept 05 To Sales A/c 42,000 Sept 07 By purchase A/c 2,20,251

Sept 09 To Sales A/c 12,000 Sept 12 By purchase A/c 1,21,000Sept 19 To Sales A/c 20,000 Sept 14 By Bank A/c 2,00,000

Sept 23 To Mr. B 1,20,000 Sept 16 By Machinery A/c 3,00,000

Sept 30 To Sales A/c 15,000 Sept 22 By Electricity A/c 5,000

Sept 26 By Drawings A/c 12,000

Sept 27 By salary A/c 5,000

Sept 28 By Purchase A/c 12,00,000

Purchase A/c


2011 Rs. 2011 Rs.

Sept 07 To cash A/c 2,20,251 Sept 26 By Drawings A/c 12,000Sept 12 To cash A/c 1,21,000

Sept 28 To cash A/c 12,00,000

Salary A/c



16/23

Sept

27

To Cash A/c 5,000

Sales A/c


2011 Rs. 2011 Rs.

Sept.02 By Cash A/c 50,000



Sept 20 By Mr. B 1,20,000


Sept.29 By Sanjay 12,250


Drawings A/c


Sept 26 To Cash A/c 12,000

Electricity A/c


17/23


Sept

22

To Cash A/c 5,000

Machinery A/c

Date Particular l.f Amount Date Particular l.f AmountSept

16

To Cash A/c 3,00,000

Bank A/c


Sept

01

To cash A/c 2,00,000

Sept

14

To cash A/c 2,00,000

Cash Book


18/23

Cash book is a book in which all transaction relating to cash

receipts and cash payments are recorded .It starts with the

cash or bank balances at the beginning of the period .It serves

the purpose of both journal as well as ledger account it is alsocalled the book of original entry.

Receipt are entered on the debit side of the cash book.

Payments are entered on the credit side.

Features of cash book

1. Only cash transaction are recorded.

2. Recorded chronologically as they occur.

3. Receipt recorded in debit side and payment on the credit side.

4. Only cash transaction are recorded.

5.It performs the function of both jornal and ledger at the sametime.

Cheques


19/23

Trial Balance


20/23

A trial balance is the statement showing the balances or total of

debit and credit of all these account in the ledger with a view to

verify the arithmetical accuracy of posting into the ledger

accounts. It shows the financial position of an accounting process

as its shows the final statement.

Objectives Of Trial Balance

1. To ascertain the arithmetical accuracy of the ledger accounts.

2. To help in locating errors.

3. To help in the preparation of the trial balance of financial

statement.

4. To obtain the summary of the ledger.

Features Of Trial Balance

1. It is the list of balances of all ledger accounts and the cash book.

2. It is just a statement not a account.

3. It is always prepared on a particular date and not for a

particular period.

4. It is to check arithmetical accuracy of the ledger accounts.

5. It is neither a part of double entry system, nor does it appears

in the actual books of accounts. It is working paper.

Preparation Of Trial Balance


21/23

A trial balance is prepared in the following three methods:-

1. Total Method

2. Balances Method

3. Total-Cum-Balances Method

Trial Balance As On...................

Dr. Cr.

Particulars Amount Particulars Amount

Bank Balance 4,00,000 sales 2,71,250

salaries 5,000 Creditors 1,32,250Machinery 3,00,000

Drawings 12,000


22/23

Conclusion


23/23

Bibliography

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