Scribd Logo
Upload

Welcome to Scribd!

  • 16 views

    Project Work (Accountany)

    Uploaded by

    surinnikita2
    Mr. Anil Sharma operated an unregistered sole proprietorship business in 2023. The case study provides extensive transaction information for the business throughout 2023 relating to purchases, sales, expenses, payments, and adjustments. The assistant is tasked with preparing opening entries, relevant accounts including purchase, sales, cash, and inventory ledgers, a trial balance, and final financial statements for the year including a trading account, profit and loss statement, and balance sheet based on the given information.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Project Work (Accountany)

    Uploaded by

    surinnikita2
    16 views2 pages
    Mr. Anil Sharma operated an unregistered sole proprietorship business in 2023. The case study provides extensive transaction information for the business throughout 2023 relating to purchases, sales, expenses, payments, and adjustments. The assistant is tasked with preparing opening entries, relevant accounts including purchase, sales, cash, and inventory ledgers, a trial balance, and final financial statements for the year including a trading account, profit and loss statement, and balance sheet based on the given information.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Mr. Anil Sharma operated an unregistered sole proprietorship business in 2023. The case study provides extensive transaction information for the business throughout 2023 relating to purchases, sales, expenses, payments, and adjustments. The assistant is tasked with preparing opening entries, relevant accounts including purchase, sales, cash, and inventory ledgers, a trial balance, and final financial statements for the year including a trading account, profit and loss statement, and balance sheet based on the given information.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    16 views2 pages

    Project Work (Accountany)

    Uploaded by

    surinnikita2
    Mr. Anil Sharma operated an unregistered sole proprietorship business in 2023. The case study provides extensive transaction information for the business throughout 2023 relating to purchases, sales, expenses, payments, and adjustments. The assistant is tasked with preparing opening entries, relevant accounts including purchase, sales, cash, and inventory ledgers, a trial balance, and final financial statements for the year including a trading account, profit and loss statement, and balance sheet based on the given information.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 2

    CASE STUDY

    Mr. Anil Sharma started a sole trading business in 2021. He is an unregister dealer as per GST Act.
    The following information were provided for the year 2023 relating to his business.

    January 1 Cash in hand ₹ 1,20,000, Cash at Bank ₹ 1,00,000, machinery 1,70,000, Provision
    for bad debt ₹ 10,000, bank loan ₹ 80,000
    January 10 Bought goods for cash ₹ 60,000
    January 20 Purchased goods from M/s Arun & company for ₹ 60,000, trade discount 10%,
    GST 10%
    January 30 Sold goods to M/s Tarun & company for ₹ 1,00,000, trade discount 10%, GST 10%
    February 1 Withdrew ₹ 10,000 from bank for personal use
    February 10 Sold goods to M/s Barun & company for ₹ 70,000
    February 18 ₹ 59,000 paid to Arun & company in full settlement of their account
    February 28 Goods valued ₹ 6,000 return by M/s Barun & company
    March 7 Received ₹ 40,000 from M/s Barun & company
    March 31 Purchased goods from M/s Shankar & company for ₹ 90,000
    April 15 ₹ 60,000 paid to M/s Shankar & company by cheque, discount allowed by them
    ₹ 2,000
    June 20 Purchased furniture for ₹ 40,000 from M/s Furniture House on credit
    July 7 Paid into bank ₹ 30,000
    August 9 Goods valued ₹ 6,000 return to M/s Shankar & company
    September 11 Paid ₹ 8,000 for advertisement by cheque
    October 13 Paid into bank ₹ 40,000
    November 17 Cash sales ₹ 2,00,000
    December 3 Received ₹ 65,000 from M/s Tarun & Company, discount allowed ₹ 5,000
    December 31 Paid salary to Staff ₹ 50,000
    December 31 Paid rent ₹ 20,000

    Adjustments
    1. Outstanding salary ₹ 5,000
    2. Rent paid in advance ₹ 5,000
    3. Depreciate machinery ₹ 5,000
    4. Make a provision on debtors ₹ 10,000
    You are required to pass opening entry, prepare Purchase Book, Sales Book, Purchase Return Book,
    Sales Return Book, Triple Column Cash Book, all relevant ledgers, trial balance, trading account,
    profit and loss account and balance sheet on the basis of above information for the year 2023.

    ****
    INSTRUCTIONS
    1. Use A4 paper
    2. Cover page as per given earlier
    3. After cover page, write the case study as it is
    4. Then solve the problem
    5. All are hand written form except cover page
    6. Date of submission 11th March, 2024
    7. Any query contact 7002837177

    You might also like