|
S. NO |
ACCOUNT NAME |
ACCOUNT
CODE |
DEBIT
|
CREDIT
|
|
1
|
CASH
|
|
878,000
|
|
|
2
|
CAPITAL
|
|
|
1000,000
|
|
3
|
FURNITURE
|
|
90,000
|
|
|
4
|
PURCHASE
|
|
30,000
|
|
|
5
|
SALE
|
|
|
40,000
|
|
6
|
SELLING EXPENCE
|
|
10,000
|
|
|
7
|
ADMIN EXPENCE
|
|
17,000
|
|
|
8
|
DRAWINGS
|
|
15,000
|
|
|
|
GRAND TOTAL |
|
1,040,000 |
1,040,000
|
REQUIREMENT
NO. 2
NO. 2
CALCULATION
OF GROSS PROFIT:-
OF GROSS PROFIT:-
SALES= 40,000
PURCHASE =
10,000
10,000
GROSS
PROFIT = 30,000
PROFIT = 30,000
REQUIREMENT
NO. 3
NO. 3
TOTAL
ASSETS AS ON JAN 31, 2018:-
ASSETS AS ON JAN 31, 2018:-
CASH = 878,000
FURNITURE =
90,000
90,000
TOTAL
ASSETS = 968,000
ASSETS = 968,000
