CT
IO
N
B
Sales Account
Trading Account
$7685.00
$7685.00
1/4 Cash
2/4 Cash
3/4 Cash
4/4 Cash
5/4 Cash
5/4 Thomas
8/4 Cash
9/4 Cash
10/4 Cash
11/4 Cash
12/4 Cash
12/4 Smith
15/4 Cash
16/4 Cash
17/4 Cash
18/4 Cash
19/4 Cash
19/4 Timothy
22/4 Cash
23/4 Cash
24/4 Cash
25/4 Cash
26/4 Charles
26/4 Cash
29/4 Cash
30/4 Cash
$334.00
$302.00
$323.00
$343.00
$345.00
$25.00
$390.00
$300.00
$375.00
$379.00
$350.00
$15.00
$310.00
$305.00
$383.00
$450.00
$290.00
$18.00
$392.00
$381.00
$375.00
$370.00
$20.00
$290.00
$295.00
$325.00
$7685.00
Journals
Sales Journal
Date
April
5
12
19
26
Details
Folio
Invoice number
Amount ($)
Thomas
Smith
Timothy
Charles
SL01
SL02
SL03
SL04
16551
16552
16553
16554
25.00
15.00
18.00
20.00
Transferred to sales
a/c
GL1
78.00
Details
Folio
Amount ($)
SL02
Credit Note
Number
1771
April
15
22
Smith
Timothy
SL03
1772
8.00
6.00
Transferred to Sales
Return A/c
GL02
14.00
Sales Ledger
Thomas
Sales
$25.00
$25.00
$25.00
Bal /d
Bal c/d
$25.00
$25.00
Smith
Sales
$15.00
Sales Returns
Bal c/d
$6.00
$9.00
$15.00
$15.00
Bal b/d
$9.00
Timothy
Sales
$18.00
Sales Returns
Bal c/d
$18.00
Bal b/d
$8.00
$10.00
$18.00
$10.00
Charles
Sales
Bal b/d
$20.00
$20.00
$20.00
Bal c/d
$20.00
$20.00
Purchases Journals
Week 1
Date
April
01
02
03
04
05
Details
Folio
Invoice number
Amount ($)
W&L Brewery
Green
Savemart
SMJ
KC Mart
PL1
17661
199.30
PL11
PL14
PL20
PL19
17662
17663
17664
17665
204.20
215.66
307
111.30
Transferred to
Purchases A/c
GL2
Details
Folio
Invoice Number
Amount ($)
Savemart
Hol Snacks
SMJ
W&L Brewery
SMJ
PL12
PL20
PL19
PL16
1331
1332
1333
1334
185
285.40
163
142.10
PL26
1335
313.40
1037.46
Week 2
Date
April
08
09
10
11
12
Transferred to
Purchases A/c
GL31
1088.90
Week 3
Date
April
15
16
17
18
19
Details
Folio
Invoice Number
Amount ($)
Greens
Savemart
Hol.Snacks
KC Mart
SMJ
PL11
PL14
PL1
PL19
PL20
1881
1882
1883
1884
1885
336.60
325
166.80
143.40
191.40
Transferred to
Purchases A/c
GL6
Details
Folio
Invoice Number
Amount ($)
W&L Brewery
Greens
Hol.Snacks
Savemart
SMJ
PL20
1771
PL61
PL17
PL10
PL21
1772
1773
1774
1775
106.60
141
45
105.60
150.40
1163.20
Week 4
Date
April
22
23
24
25
26
Transferred to
Purchases A/c
548.60
GL66
Details
Folio
Invoice Number
Amount ($)
W&L Brewery
Greens
PL20
1991
106.60
141
PL6
1992
Week 5
Date
April
29
30
Transferred To
Purchases A/c
247.60
GL10
Details
Folio
Invoice Number
Amount ($)
Savemart
W&L Brewery
SMJ
PL10
PL16
1551
1552
33
16
PL9
1553
25
24
Transferred to
Purchases Return A/c
GL12
74
General Ledger
1. Sales
30/40 bal c/d 17685
5/4 cash
12/4 cash
19/4 cash
26/4 cash
30/4 cash
Bal b/d
$1672
$1809
$1756
$1828
$620
$7685
$7685
Bal c/d
$4085.76
$7685
2. Purchases
5/4 cash
12/4 cash
19/4 cash
26/4 cash
30/4 cash
Bal b/d
$1037.46
$1088.90
$1163.20
$548.60
$247.60
$4085.76
$4085.76
$4085.76
3. Purchases Returns
Bal c/d
$74
9/4 Savemart
12/4 W&L Brewery
24/4 SMJ
$74
Bal b/d
$33
$16
$25
$74
$74
Purchase Ledger
W&L Brewery A/c
12/4 Purchase Rtn
$16
1/4 Purchase
$199.30
30/4 Cash
$538.60
11/4 Purchase
22/4 Purchase
29/4 Purchase
$142.10
$106.60
$106.60
$554.60
$554.60
Green A/c
30/4 Cash
$822.30
2/4 Purchases
15/4 Purchases
23/4 Purchases
30/4 Purchases
$822.80
$204.20
$336.60
$141
$141
$822.80
Savemart A/c
9/4 Purchases Rtn
30/4 Cash
$33
$798.26
3/4 Purchases
8/4 Purchases
$215.66
$185
16/4 Purchases
25/4 Purchases
$831.26
$325
$105.60
$831.26
SMJ A/C
24/4 Purchases Rtn $25
30/4 Cash
$1100.20
04/4 Purchases
16/4 Purchases
12/4 Purchases
19/4 Purchases
26/4 Purchases
$1125.20
$307
$163
$313.40
$191.40
$150.40
$1125.20
KC.Mart A/C
30/4 balc/d
$254.70
05/4 Purchases
18/4 Purchases
$254.70
$111.30
$143.40
$254.70
$497. 20
$497.20
9/4 Purchases
17/4 Purchases
24/4 Purchases
$285.40
$166.80
$45.00
$497.20
General Ledger
Electricity
30/4 Cash
$60.00
$60.00
$60.00
1/5 bal b/d
$60.00
60.00
Gas A/C
30/4 Cash
$40
$40
$40
1/5 Bal b/d
$40
$40
Water A/C
30/4 Cash
$30
$30
30/4 Cash
$500
$30
$30
$30
Wages A/C
30/4 bal c/d
$500
1/5 bal b/d
$500
General Expenses
$500
$500
30/4 Cash
$220
$220
$220
1/5 Bal b/d
$220
$220
Equipment A/c
30/4 Cash
$10000
$10000
$10000
1/5 Bal b/d
$10000
$10000
Discount Allowed
Cash
$20.00
$20.00
$20:00
$20.00
$20.00
Discount Received
30/4 bal c/d
$20.00
Cash
$20.00
$20.00
$25.00
$20.00
Details
1/4
2/4
3/4
4/4
Sales
Sales
Sales
Sales
5/4
8/4
9/4
Sales
Sales
Sales
10/4
Sales
11/4
12/4
15/4
Dis
All
Date
Details
$334
$302
$323
$343
30/4
30/4
30/4
30/4
W&L
Savemart
SMJ
Hol.
Snacks
$538.60
20.00 $798.26
$1100.20
$497.20
$245
$390
$350
30/4
30/4
$822.80
$60.00
$375
30/4
Greens
Electricit
y
Water
Sales
Sales
Sales
$379
$350
$310
30/4
30/4
30/4
$40.00
$500.00
$220.00
16/4
Sales
$305
Gas
Wages
General
Expenses
Bal
17/4
Sales
$383
20.0
0
Cash
Bank
Dis
Rec.
Cash
$30.00
$2999.9
4
Bank
18/4
19/4
23/4
24/4
24/4
25/4
26/4
29/4
30/4
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
20.0
0
$450
$290
$381
$392
$375
$370
$290
$295.
$325
$760
7
20.00
$7607
Trial Balance
Details
Sales
Purchases
Purchases Returns
Sales Returns
KC Mart
Thomas
Smith
Timothy
Charles
Discount Allowed
Discount Received
Electricity
Gas
Debit($)
Credit ($)
7685.00
4085.76
74.00
14.00
254.70
25.00
9.00
10.00
20.00
20.00
20.00
60.00
40.00
Water
General Expenses
Wages
Equipment
Stock
Cash
Capital
30.00
220.00
500.00
10000.00
373.34
2999.94
18407.04
10373.34
18407.04
Final Accounts
Trading Account
For school canteen for the month of April 2016
$
Sales
Sales Returns
-Cost of Goods Sold
Opening Stock
+Purchases
-Purchases Returns
373.34
4085.76
74.00
$
7685.00
14.00
7671.00
4385.10
210.40
-Closing Stock
Gross Profit
4174.70
3496.30
60
$
3496.30
20.00
3516.30
Wages
Water
Gas
General Expenses
Discount Allowed
Net Profit
500
30
40
220
20
870
2646.30
Balance Sheet
For the school canteen for the month of April 2016
$
Assets
Fixed
Equipment
Current
Stock
Debtors
Cash in hand
Current Liabilities
Creditors
Working Capital
Financed By
Capital
+ Net Profit
10000.00
10000.00
210.40
64.00
2999.94
3274.34
254.70
3019.64
10373.34
2646.30
13019.64
13019.64