ST.XAVIER`S SEN. SEC. SCHOOL A C C
Company Name – yogesh enterprises
O
Accounts project work
T
U N S P
Accounts project
R O J E C T
Class- XI B
Roll no- 08
Subject-
(Commerce)
Accounts
Project By-yogesh verma Teacher Name- Mr. Biswas sir
COMPANY ADDRESS-
169,OMNAGER
ROAD, SULTANPUR
Preface This project of Accounts Accounts has has been made according according to the the topic which was provided to me by our subject teacher. I have done details study and research of the different company profiles and made this project. The project has been written in a simple language, keeping in view of the topics provided to me. Practical examples have been given for references of the Company transactions. After doing this project my practical knowledge of Accounts have improved. I have every confidence that after doing this project my concept of Business have improved. I express our sincere thanks to the teachers, my parents and elders for their valuable suggestions and time and encouragement provided by them in making my project a quality one.
Acknowledgement Yogesh verma of class XI (Com) solemnly declare that the report of the project work entitled Accounts project, is based on my own work carried out during the course of my study under the supervision of Mr. Biswas Sir I assert that the statements made and the details used and the conclusions drawn are an outcome of the project work. I further declare that to the best of my knowledge and belief I have done my project.
Index
Introduction To Company
My Company name is yogesh Enterprises. It is situated at 169, om nager Road, Sultanpur. In my company the box of sweets are prepared.
Company Profile
Transaction Date Details 2011 Sept.01 Open a bank account with ICICI bank Sept.02 Sold to Hari raw material for making sweets boxes for cash
Amount Rs. 2,00,000 50,000
Sept.05 Sold to Rakesh a paper bundle for cash Sept.07 Purchase paper from mohit ltd. For cash
42,000
Sept.09 Sold to naresh sweet box for cash sept.12 Purchase raw material from mohit ltd. For cash
12,000
Sept.14 Cash deposited into bank Sept.16 Purchase machinery in full settlement
2,00,000
Sept.19 sold goods for cash to nilesh Sept.20 Sold goods to Mr. B on credit
20,000
Sept.22 Paid Electricity bill of factory Sept.23 Received cash from Mr. B
5,000
Sept.26 Cash withdrawl for personal use Sept.27 Paid salaries to workers in cash
12,000
Sept.28 Purchase goods from rahul bros. For cash Sept.29 Sold goods to Mr. Sanjay for cash on credit
12,00,000
Sept.30 Sold goods to Mr. Pradeep for cash
15,000
Voucher
2,20,251
1,21,000
3,00,000
1,20,000
1,20,000
5,000
12,250
On the basis of source document entries are first of all recorded on voucher and then on the basis of the voucher recording are made in the journal or books or original entries. Vouchers are printed separately by all the firms in their own names. Voucher is counter signed by an authorised person the firm.
Types Of Voucher Voucher
Cash Voucher
Debit voucher for cash payment
Credit Voucher
Non Cash Voucher
Debit Voucher Yogesh Enterprises 169,om nager road, Sultanpur Voucher No-
Date:10/09/2011
Amount DEBIT-Paper A/c 2,20,251 ............................................................................................................................ ....................................................... (Purchase paper from mohit ltd. Vide bill no. 562 and payment made by cash dated07/09/2011 ) 2,20,251 TOTAL Signature Signature ............... ................ Manager Accountant
Credit Voucher yogesh Enterprises 169,om nager road, Sultanpur Voucher No-
Date:
CREDIT-Sales A/c ............................................................................................................................ ....................................................... For goods sold and payment received by cash)
Amount
2,71,250
2,71,250 Signature ............... Manager
Signature ................ Accountant
Transfer Voucher
TRANSFER VOUCHER yogesh Enterprises 169. om nager road, Sultanpur Voucher No-
Date: Amount
DEBITTotal Rs. CREDIT
Total Rs. Signature ............... Manager
Signature .............. Accountant
Journal
Journal is a book of original entry in which the transaction are recoded first of all, as and when they take place.
The Journal as originally used , is the book of prime entry in which the transaction are copied in order of date from a memorandum or waste book. The entries as they are copied are classified into debits and credit so as to facilitate their bring correctly posted afterward in the ledger.
Date Sept.01
Sept.02
Particulars Bank A/c Dr. To Cash A/c Cash A/c Dr.
L.F
Amount(Dr.) 2,00,000
Amount(Cr.)
2,00,000 50,000
To sales A/c Sept.05 Sept.07 Sept.09 sept.12 Sept.14 Sept.16 Sept.19 Sept.20 Sept.22 Sept.23 Sept.26 Sept.27 Sept.28 Sept.29 Sept.30
50,000
Cash A/c Dr. To sales A/c purchase A/c Dr. To cash A/c Cash A/c Dr. To sales A/c purchase A/c Dr. To cash A/c Bank A/c Dr. To cash A/c Machinery A/c Dr. To cash A/c Cash A/c Dr. To sales A/c Mr. B Dr. To sales A/c Electricity A/c Dr. To cash A/c Cash A/c Dr To Mr. B Drawing A/c Dr. To cash A/c Salary A/c Dr. To cash A/c Purchase A/c Dr. To cash A/c Sanjay Dr. To sales A/c Cash A/c Dr. To sales A/c TOTAL
Ledger
42,000 42,000 2,20,251 2,20,251 12,000 12,000 1,21,000 1,21,000 2,00,000 2,00,000 3,00,000 3,00,000 20,000 20,000 1,20,000 1,20,000 5,000 5,000 1,20,000 1,20,000 12,000 12,000 5,000 5,000 12,00,000 12,00,000 12,250 12,250 15,000 31,66,752
15,000 31,66,752
Business transactions are first enter in journal and the next step is to transfer the entries to respective accounts in ledger. The ledger is the principle book of accounting system it contains different accounts where transactions relating to that are recorded. Ledger is the book which contain all accounts of business enterprise where personal, Real and Nominal A/c.
Cash Account
Date 2011 Sept 02 Sept 05 Sept 09 Sept 19 Sept 23 Sept 30
Particular
To Sales A/c To Sales A/c To Sales A/c To Sales A/c To Mr. B To Sales A/c
l.f Amount Rs. 50,000 42,000 12,000 20,000 1,20,000 15,000
Date 2011 Sept 01 Sept 07 Sept 12 Sept 14 Sept 16 Sept 22 Sept 26 Sept 27 Sept 28
Particular
By Bank A/c By purchase A/c By purchase A/c By Bank A/c By Machinery A/c By Electricity A/c By Drawings A/c By salary A/c By Purchase A/c
l.f
Amount Rs. 2,00,000 2,20,251 1,21,000 2,00,000 3,00,000 5,000 12,000 5,000 12,00,000
Purchase A/c Date Particular l.f Amount Date Particular l.f Amount 2011 Rs. 2011 Rs. Sept 07 To cash A/c 2,20,251 Sept 26 By Drawings A/c 12,000 Sept 12 To cash A/c 1,21,000 Sept 28 To cash A/c 12,00,000
Salary A/c Date
Particular
l.f Amount Date
Particular
l.f Amount
Sept 27
To Cash A/c
5,000
Sales A/c Date 2011
Particular
l.f Amount Rs.
Date 2011
Sept.02 Sept.05 Sept.09 Sept 20 Sept.19 Sept.29 Sept.30
Particular
l.f
By Cash A/c By Cash A/c By Cash A/c By Mr. B By Cash A/c By Sanjay By Cash A/c
Amount Rs.
50,000 42,000 12,000 1,20,000 20,000 12,250 15,000
Drawings A/c Date
Sept 26
Particular
To Cash A/c
l.f
Amount
Date
Particular
12,000
Electricity A/c
l.f
Amount
Date
Sept 22
Particular
l.f Amount Date
To Cash A/c
Particular
l.f Amount
5,000
Machinery A/c Date
Sept 16
Particular
l.f
To Cash A/c
Amount
Date
Particular
l.f Amount
Particular
l.f Amount
3,00,000
Bank A/c Date
Sept 01 Sept 14
Particular
l.f
Amount
To cash A/c
2,00,000
To cash A/c
2,00,000
Date
Cash Book
Cash book is a book in which all transaction relating to cash receipts and cash payments are recorded .It starts with the cash or bank balances at the beginning of the period .It serves the purpose of both journal as well as ledger account it is also called the book of original entry. Receipt are entered on the debit side of the cash book. Payments are entered on the credit side.
Features of cash book 1. Only cash transaction are recorded. 2. Recorded chronologically as they occur. 3. Receipt recorded in debit side and payment on the credit side. 4. Only cash transaction are recorded. 5.It performs the function of both jornal and ledger at the same time.
Cheques
Trial Balance
A trial balance is the statement showing the balances or total of debit and credit of all these account in the ledger with a view to verify the arithmetical accuracy of posting into the ledger accounts. It shows the financial position of an accounting process as its shows the final statement.
Objectives Of Trial Balance 1. To ascertain the arithmetical accuracy of the ledger accounts. 2. To help in locating errors. 3. To help in the preparation of the trial balance of financial statement. 4. To obtain the summary of the ledger.
Features Of Trial Balance 1. It is the list of balances of all ledger accounts and the cash book. 2. It is just a statement not a account. 3. It is always prepared on a particular date and not for a particular period. 4. It is to check arithmetical accuracy of the ledger accounts. 5. It is neither a part of double entry system, nor does it appears in the actual books of accounts. It is working paper.
Preparation Of Trial Balance
A trial balance is prepared in the following three methods:1. Total Method 2. Balances Method 3. Total-Cum-Balances Method
Trial Balance As On................... Dr.
Cr. Particulars
Bank Balance salaries Machinery Drawings
Amount
4,00,000 5,000 3,00,000 12,000
Particulars
sales Creditors
Amount
2,71,250 1,32,250
Conclusion
Bibliography
