Financial and Management Accounting Unit I of Introduction of Financial Accounting - Part C (Ledger Sums)

1. 19MST15 – FINANCIALAND
MANAGEMENT ACCOUNTING
M. NANDHAKUMAR
ASSISTANT PROFESSOR
ERODE SENGUNTHAR ENGINEERING COLLEGE (AUTONOMOUS)
PERUNDURAI, ERODE

2. LEDGER FORMAT
Dr Cr

3. LEDGER FORMAT
Date Particulars J.F Amount Date Particulars J.F Amount
31 Sep To Balance c/d 8,200
8,200
1 Sep
1 Oct
By Salary A/c
By Office rent A/c
By Telephone Expenses
A/c
By balance b/d
4,500
500
3,200
8,200
8,200
Dr Cr
CASH ACCOUNT

4. JOURNALIZE THE FOLLOWING TRANSACTIONS
Date PARTICULARS
1 Aug 2017 Deposited Rs.40,000 in the company’s bank account in exchange for 4000 shares
2 Aug 2017 Paid two months’ office rent in advance Rs. 2,200
16 Aug 2017 Paid assistants’ salaries for first fortnight Rs. 2,300
28 Aug 2017 Paid telephone bill for the month Rs. 390

5. Date Particulars L.F Dr Cr
1 Aug 2017 Bank A/C Dr
To Share capital A/C
(Being deposited 40,000in the company bank account in exchange
for 4,000 shares)
40,000
40,000
2 Aug 2017 Prepaid Office rent A/C Dr
To Cash A/C
(Being Paid office rent)
2,200
2,200
16 Aug 2017 Salaries A/C Dr
To Cash A/C
(Being salary to paid)
2,300
2,300
28 Aug 2017 Telephone expenses A/C Dr
To Cash A/C
(Being paid telephone bill)
390
390

6. LEDGER ACCOUNT
 Bank A/C
 Share capital A/C
 Office rent A/C
 Cash A/C
 Salaries A/C
 Telephone expenses A/C

7. LEDGER
Date Particulars J.F Amount Date Particulars J.F Amount
1 Aug
1 Sep
To Share capital A/c
To Balance b/d
40,000
40,000
40,000
31
Aug
By Balance c/d 40,000
40,000
Dr Cr
BANK ACCOUNT

8. LEDGER
Date Particulars J.F Amount Date Particulars J.F Amount
31
Aug
To Balance c/d 40,000
40,000
1 Aug
1 Sep
By Bank A/c
By balance b/d
40,000
40,000
40,000
Dr Cr
SHARE CAPITALACCOUNT

9. LEDGER
Date Particulars J.F Amount Date Particulars J.F Amount
2 Aug
1 Sep
To Cash A/c
To Balance b/d
2,200
2,200
2,200
31
Aug
By balance c/d 2,200
2,200
Dr Cr
ADVANCE OFFICE RENTACCOUNT

10. LEDGER FORMAT
Date Particulars J.F Amount Date Particulars J.F Amount
31 Sep To Balance c/d 4,890
4,890
2 Aug
16 Aug
28 Aug
By Advance Office rent
A/c
By Salaries A/c
By Telephone Expenses
A/c
By balance b/d
2,200
2,300
390
4,890
4,890
Dr Cr
CASH ACCOUNT

11. Q & A