Accounts Comprehensive Project Class 11

Group Members
 Mohit Sharma
 Aayush Sharma
 Aman Kumar Das
 Shekhar Mahato
 Abhijeet Kumar
 Sanket Shrivastav

BUSINESS SCENERIO
We after completing BBA for Tribhuvan University, has decided to start business of
Technical Gadgets. This idea was created by ourselves only because from the
childhood we have interest on it , so we choose to open this business. The fund
required to open this business were 55,00,000. We had only 50% of amount and
the rest were given by parents. We rented a shop in Civil Mall, which is centrally
located, at the rate of 50,000/Month. The address of the shop is Kantipath RD ,
Civil Mall, Kathmandu.
We employed one manager and one employee for my shop at the salary:
Manager: RS 25,000
Employee: RS 15,000
The name of the firm was decided after consulting the on the Public Demand “ The
Gadget Corner”

Transactions
 Commenced business with cash RS 55,00,000
Opened a current bank account and deposited RS 40,00,000 into it.
Purchases Furniture for shop of RS 1,15,000
Goods Purchase during the year RS 8,23,000
• Cash : RS 2,23,000
• Bank : 4,45,000
• Creditor : RS 1,55,000
 Computer introduced by the owner of RS 65,000.

Transactions
 Sales of the goods during the year ……. RS 24,69,000
• Cash : 5,62,000
• Bank : 15,34,000
• Creditor: 3,73,000
 Salaries paid during year
 Cash : 96,000
 Bank : 3,84,000
 Cash withdrawn by the owner : 2,26,000 during the year.
Bad Debts during the years RS 37,000

Transactions
Sales return during the year RS.27,000
Paid to Creditor RS.77,000
Expanses during the year paid by cheque
I. Electricity Charge: 72,400
II. Rent : 6,00,000
III. Advertisement expanse : 65,000
IV. Internet Charge : 25,000
 Purchase return during the year : RS 5,000
 Receive from debtors during the year : RS.1,15,000

Transactions
Motorcycle bought by owner by cheque and given to friend as gift for RS.96,000
 Insurance premium paid during the year : RS 1,32,000 through cheque
Bad Debts recover during the Year RS 7,000
Cash given in charity RS.3,000
Investment during the year: RS.1,17,000 through bank.
Bonus given to the employee during the year : RS. 15,000

DATE/ s.NO Particular l.f DEBIT(DR) CREDIT(CR)
1
Cash A/C ...Dr
To Capital
(Commenced Business with cash)
55,00,000
55,00,000
2
Bank A/C …Dr
To Cash A/C
(Opened a bank account)
40,00,000
40,00,000
3
Furniture A/C …Dr
To Cash A/C
(Purchases Furniture for Shop)
1,15,000
1,15,000
4
Purchase A/C …Dr
To Cash A/C
To Bank A/C
To Creditors A/C
(Purchased Furniture for shop)
8,23,000
2,23,000
4,45,000
1,15,000
5
Computer A/C …Dr
To Capital A/C
(Computer introduced by owner)
65,000
65,000
6
Cash A/C …Dr
Bank A/C …Dr
Debtor A/C …Dr
To Sales A/C
(Sales during the year)
5,62,000
15,34,000
3,73,000
24,69,000

DATE Particular l.f DEBIT(DR) CREDIT(CR)
7
Salary A/C …Dr
To Cash A/C
To Bank A/C
(Salary paid during the year)
4,80,000
96,0000
3,84,000
8
Drawing A/C …Dr
To Cash A/C
(Cash withdrawn by the owner)
2,26,000
2,26,000
9
Bad Debts A/C …Dr
To Debtors A/C
(Bad Debts during the year)
37,000
37,000
10
Sales Return A/C …Dr
To Cash A/C
(Sales Return during the year)
27,600
27,600
11
Creditor A/C …Dr
To Cash A/C
(Paid to Creditors)
77,000
77,000

DATE/ s.NO Particular l.f DEBIT(DR) CREDIT(CR)
12
Electricity Charge A/C …Dr
Rent A/C …Dr
Advertisement A/C …Dr
Internet Charge A/C …Dr
To Bank
{Expanses during the year}
72,400
6,00,000
65,000
35,000
7,72,000
13
Cash A/C …Dr
To Purchase
{ Paid to Creditor}
5,000
5,000
14
Cash A/C …Dr
To Debtor
{Receive From Debtors during the year}
1,15,000
1,15,000
15
Drawing A/C …Dr
To Bank
{Motorcycle bought by Owner }
96,000
96,000
16
Insurance Premium A/C …Dr
To Bank
{Insurance Premium paid during the year}
1,32,000
1,32,000

DATE Particular l.f DEBIT(DR) CREDIT(CR)
17
Cash A/C …Dr
To Bad Debts
{Bad Debts recovered during the year}
7,000
7,000
18
Investment A/C …Dr
To Cash
{Cash given in Charity}
3,000
3,000
19
Investment A/C …Dr
To bank
{Investment during the Year}
1,17,000
1,17,000
20
Bonus A/C …Dr
To Cash
{Bonus given to the employee during the
year}
15,000
15,000

Date Particular J.F Amount Date Particular J.F Amount
1) To Capital A/C 55,00,000 2) By Bank A/C 40,00,000
6) To Sales A/C 5,62,000 3) By Furniture A/C 1,15,000
14) To P/R A/C 5,000 4) By Purchase A/C 2,23,000
17) To Bad Debts A/C 7,000 7) By Salary A/C 96,000
8) By S/R A/C 27,000
11) By Creditor A/C 77,000
18) By Charity A/C 3,000
20) By Bonus A/C 15,000
By Balance C/D 14,06,400
61,89,000 61,89,000
To Balance B/D 14,06,400
Dr Cr
Cash A/C

To Balance C/D 55,65,000 1) By Cash A/C 55,00,000
2) By Computer A/C 65,00,000
55,65,000 55,65,000
By Balance B/D 55,65,000
Dr Cr
CAPITAL A/C
6) By Cash A/C 5,62,000
6) By Bank A/C 15,34,000
6) By Debtors A/C 3,73,000
24,64,000
Dr Cr
Sales
A/C

2) To Cash A/C 40,00,000 4) By Purchase A/C 4,45,000
6) To Sales A/C 15,34,000 7) By Salary A/C 3,84,000
12) By Electricity A/C 72,400
12) By Rent A/C 6,00,000
12) By Advertisement A/C
65,000
15) By Internet A/C 35,000
16) By Insurance A/C 1,32,000
19) By Investment A/C 1,17,000
55,34,000 55,34,000
Dr Cr
Bank A/C

3) To Cash A/C 1,15,000 By Balance C/D 1,15,000
1,15,000
Dr Cr
Furniture A/C
5) To Capital A/C 65,000 By Balance C/D 65,000
65,000
To Balance B/D 65,000
Dr Cr
Computer A/C

4) To Cash A/C 2,23,000 By Balance C/D 8,23,000
4) To Bank A/C 4,45,000
4) To Creditor A/C 1,55,000
8,23,000 8,23,000
Dr Cr
Purchase A/C
11) To Cash A/C 77,000 4) By Purchase A/C 37,000
By Balance C/D 14) By Cash A/C 1,15,000
3,73,000 3,73,000
Dr Cr
Creditors A/C

6) To Sales A/C 3,73,000 9) By Bad Debts A/C 37,000
14) By Cash A/C 1,15,000
3,73,000 3,73,000
Dr Cr
Debtor’s A/C
7) To Cash A/C 96,000
7) To Bank A/C 3,84,000
4,80,000
Dr Cr
Salary A/C

8) To Cash A/C 2,26,000
7) To Bank A/C 96,000
3,22,000
Dr Cr
Drawing A/C
9) To Debtor’s A/C 37,000 17) By Cash A/C 7,000
37,000 7,000
Dr Cr
Bad Debts A/C

8) To Cash A/C 27,000
27,000
Dr Cr
Sales Return
A/C
12) To Bank A/C 72,400
72,400
Dr Cr
Electricity Charges
A/c

12) To Bank A/C 6,00,000
6,00,000
Dr Cr
Rent
A/C
12) To Bank A/C 65,000
65,000
Dr Cr
Advertisement
A/c

12) To Bank A/C 35,000
35,000
Dr Cr
Internet charges
A/C
13) By Cash A/C 5,000
5,000
Dr Cr
PURCHASE RETURN
A/c

12) To Bank A/C 1,32,000
1,32,000
Dr Cr
Insurance premium
A/C
To Cash A/C 3,000
3,000
Dr Cr
Charity
A/c

12) To Bank A/C 1,17,000
1,17,000
Dr Cr
Investment
A/C
20) To Cash A/C 15,000
15,000
Dr Cr
Bonus
A/c

S.no Name of Accounts L.F DEBIT(Dr.) CREDIT(Cr.)
1) Cash A/C 14,06,400
2) Sales A/C 24,69,000
3) Capital A/C 55,65,000
4) Bank A/C 35,87,600
5) Furniture A/C 1,15,000
6) Computer A/C 65,000
7) Purchase A/C 8,23,000
8) Creditors A/C 78,000
9) Debtors A/C 2,21,000
10) Salary A/C 4,80,000
11) Drawing A/C 3,22,000
12) Bad Debts A/C 37,000 7,000
13) Sales Return A/c 27,600
14) Electricity Charge A/C 72,400
15) Rent A/C 6,00,000

S.no Name of Accounts L.F DEBIT(Dr.) CREDIT(Cr.)
16) Advertisement A/C 65,000
17) Internet Charge A/C 35,000
18) Purchase Return A/C 5,000
19) Insurance Premium A/C 1,32,000
20) Charity A/C 3,000
21) Investment A/C 1,17,000
22) Bonus A/C 15,000
Totals 81,24,000 81,24,000

Accounts Comprehensive Project Class 11

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Accounts Comprehensive Project Class 11