Class 11 and 12 Accounts Comprehensive Project (Without GST).

1. Project ON
Comprehensive

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

3. INTRODUCTION

4. 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”

5. Transactions

6. 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.

7. 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 Cash withdrawn by the owner : 2,26,000 during the year.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

8. 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

9. 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

10. JOURNAL

11. 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

12. 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

13. 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

14. 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

15. LEDGER

16. 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

17. Date Particular J.F Amount Date Particular J.F Amount
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
Date Particular J.F Amount Date Particular J.F Amount
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

18. Date Particular J.F Amount Date Particular J.F Amount
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
To Balance B/D 35,87,600
Dr Cr
Bank A/C

19. Date Particular J.F Amount Date Particular J.F Amount
3) To Cash A/C 1,15,000 By Balance C/D 1,15,000
1,15,000
To Balance B/D 1,15,000
Dr Cr
Furniture A/C
Date Particular J.F Amount Date Particular J.F Amount
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

20. Date Particular J.F Amount Date Particular J.F Amount
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
To Balance B/D 8,23,000
Dr Cr
Purchase A/C
Date Particular J.F Amount Date Particular J.F Amount
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
By Balance C/D 2,21,000
3,73,000 3,73,000
By Balance B/D 2,21,000
Dr Cr
Creditors A/C

21. Date Particular J.F Amount Date Particular J.F Amount
6) To Sales A/C 3,73,000 9) By Bad Debts A/C 37,000
14) By Cash A/C 1,15,000
By Balance C/D 2,21,000
3,73,000 3,73,000
By Balance B/D 2,21,000
Dr Cr
Debtor’s A/C
Date Particular J.F Amount Date Particular J.F Amount
7) To Cash A/C 96,000
7) To Bank A/C 3,84,000
4,80,000
Dr Cr
Salary A/C

22. Date Particular J.F Amount Date Particular J.F Amount
8) To Cash A/C 2,26,000
7) To Bank A/C 96,000
3,22,000
Dr Cr
Drawing A/C
Date Particular J.F Amount Date Particular J.F Amount
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

23. Date Particular J.F Amount Date Particular J.F Amount
8) To Cash A/C 27,000
27,000
Dr Cr
Sales Return
A/C
Date Particular J.F Amount Date Particular J.F Amount
12) To Bank A/C 72,400
72,400
Dr Cr
Electricity Charges
A/c

24. Date Particular J.F Amount Date Particular J.F Amount
12) To Bank A/C 6,00,000
6,00,000
Dr Cr
Rent
A/C
Date Particular J.F Amount Date Particular J.F Amount
12) To Bank A/C 65,000
65,000
Dr Cr
Advertisement
A/c

25. Date Particular J.F Amount Date Particular J.F Amount
12) To Bank A/C 35,000
35,000
Dr Cr
Internet charges
A/C
Date Particular J.F Amount Date Particular J.F Amount
13) By Cash A/C 5,000
5,000
Dr Cr
PURCHASE RETURN
A/c

26. Date Particular J.F Amount Date Particular J.F Amount
12) To Bank A/C 1,32,000
1,32,000
Dr Cr
Insurance premium
A/C
Date Particular J.F Amount Date Particular J.F Amount
To Cash A/C 3,000
3,000
Dr Cr
Charity
A/c

27. Date Particular J.F Amount Date Particular J.F Amount
12) To Bank A/C 1,17,000
1,17,000
Dr Cr
Investment
A/C
Date Particular J.F Amount Date Particular J.F Amount
20) To Cash A/C 15,000
15,000
Dr Cr
Bonus
A/c

28. TRIAL BALANCE

29. 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

30. 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

31. Thank you