Practice Set- basic accounting

Date 2- Jan #- Jan - Jan

ACCOUNT TITLE Accounts receivable $urc%ases cas% )ales Discount

Ref 120 &10 110 #0

Debit 20!000"00 '0!000"00 20&!(00"00 !200"00

&- Jan *- Jan

Cas% Accounts +a,able

110 220

#0!000"00 1#0!000"00

(- Jan

Account receivable

'- Jan

Accounts +a,able

10- Jan

Cas% )ales Discounts

2#&!200"00 !(00"00

11- Jan

+urc%ases

120!000"00

11- Jan

Accounts +a,able

(0!000"00

12- Jan

+urc%ases

*0!000"00

1#- Jan

Accounts Receivable

1- Jan

Interest E$ense

10!000"00

1&- Jan

)alaries E$ense

(0!000"00

1*- Jan

+urc%ases

1'0!000"00

1(- Jan

Accounts Receivable

.0!000"00

1'- Jan

A/vances of Ocers

100!000"00

20- Jan

Treasur, )toc

1'!000"00

21- Jan

Oce )u$$lies

0!000"00

22- Jan

Trans$ortation in

20!000"00

22- Jan

Cas%

12*!00"00

#10!000"00 10!000"00

1#0!000"00

)ales Discount

2!.00"00

2#- Jan

Accounts Receivable

110!000"00

2- Jan

)ales returns an/ alloances

#0!000"00

2&- Jan

Cas%

2(0!000"00

2&- Jan

+urc%ases

#0!000"00

2.- Jan

Accounts +a,able

2*- Jan

Cas%

1*0!000"00

2(- Jan

+urc%ases

2*0!000"00

2'- Jan

Accounts Receivable

1*0!000"00

#0- Jan

+urc%ases

#.0!000"00

#0- Jan

Cas%

1!#10!000"00

#1- Jan

Cas%

1&!*&0"00

#1- Jan

Rent E$ense

1&!000"00

'0!000"00

Date 2-Jan #-Jan -Jan

ACCOUNT TITLE )ales Accounts $a,able Accounts Receivable

Ref 10 220 120

Cre/it 20!000"00 '0!000"00 210!000"00

&-Jan *-Jan

sales Cas% +urc%ase Discounts

10

#0!000"00 12.!100"00 #!'00"00

(-Jan

)ales

#10!000"00

'-Jan

+urc%ase Returns an/ Alloances

10!000"00

10-Jan

Accounts Receivable

20!000"00

11-Jan

Accounts +a,able

120!000"00

11-Jan

Cas% +urc%ase Discounts

**!.00"00 2!00"00

12-Jan

Cas%

*0!000"00

1#-Jan

sales

1#0!000"00

Cas%

10!000"00

)))3+4IC +a,able 5it%%ol/in6 Ta $a,able cas%

&!000"00 1!&00"00 *#!&00"00

Accounts +a,able

1'0!000"00

)ales

.0!000"00

Cas%

100!000"00

Cas%

1'!000"00

Cas%

0!000"00

Cas%

20!000"00

Accounts Receivable

1#0!000"00

)ales

110!000"00

Accounts Receivable

#0!000"00

Accounts Receivable

2(0!000"00

Accounts +,able

#0!000"00

Cas%

'0!000"00

Notes +a,able

1*0!000"00

Accounts +a,able

2*0!000"00

)ales

1*0!000"00

Accounts +a,able

#.0!000"00

)ales

1!#10!000"00

 Treasur, )toc )%are +re7iu7- treasur, )toc

1!2&0"00 1!&00"00

5it%%ol/in6 Ta $a,able Cas%

*&0"00 1!2&0"00

Date

OR" NO" - Jan

+articulars #00& Collection of Cielo 8onita9s cre/it

CA)4

 DE8IT) )ALE) DI)COUNT) +R 20&!(00"00 !200"00

REDIT) ACCOUNT) RECEI:A8LE ACCOUNT TITLE) 210!000"00

)UNDRIE) +R DR

CR

DATE

IN:" NO"

1232(32012  ;an 2! 201#

#1. &-Jan

#1*

+ARTICULAR)

)ol/
TER<)

2310! n3#0

DE8IT) +R

CA)4

#0!000"00

ACCOUNT) RECEI:A8LE 210!000"00 20!000"00

 CREDIT) )ALE) 20!000"00 #0!000"00

DATE

C: NO"

+ARTICULAR)

CREDIT) CA)4

+URC4 DI)C

+R

DE8IT) ACCOUNT) +A=A8LE

)ALARIE)

O>>ICE )U++LIE)

 TRAN)+ORTATION IN

AD:ANCE O> O>>ICER)

ACCOUNT TITLE)

)UNDRIE) +R

DR

CR

DATE Dece7ber 2'! 2012

RR NO" 1001

+ARTICULAR) +urc%" Of
TER<) #310!n310

CREDIT) ACCOUNT) +A=A8LE 1#0!000"00

DE8IT) +URC4A)E) 1#0!000"00

ACCOUNT TITLE)

)UNDRIE) +R

DR

CR

DATE

J: NO"

+ARTICULAR)

+R

DE8IT)

CREDIT)