Zain Traders
Financial Year (January to December)
Opening Balances as at january 01,2016
[Link]
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Particulars
Debit
Debtors (Recievable)
Creditors (Vendors)
Stock (Inventory)
Land & Buildings
Acc. Dep of land and Building
Motor Vehicle
Acc. Dep of Motor Vehicle
Machinery
Acc. Dep of Machinery
Cash
Standard Charted Bank
United Bank Ltd
Capital Invested (Owners Equity)
Accrued expenses
Credit
150,000
350,000
900,000
850,000
130,000
450,000
72,000
290,000
58,000
694,730
1,867,410
276,399
4,800,000
68,539
Total
5,478,539
5,478,539
Customer Details
[Link]
1
2
3
Names
Balances
Bashir
Abu Bakar
Mubarik
50,000
60,000
40,000
150,000
Total
Vendor Details
[Link]
Names
1
2
Danial
Shahid
Balances
100,000
250,000
350,000
Total
Inventory Details
[Link]
Particulars
Quantity
Rate
1
2
3
4
Corolla Wind Screen
Civic head Lights
Suzuki Wheel Cups
Suzuki Rear Lights
40
10
40
100
12000
35000
250
600
Date
Transactions During the Month
Jan 03,2016 Purchased Furniture by giving cash
Advance Rent Paid For 6 Months by Cash @5000 per
Jan 04,2016 Month
Jan 04,2016 Security Deposit paid by Cash for shop taken on rent
Jan 06,2016 Paint and Renovation Expenses of Shop taken on rent
Jan 07,2016 Mr. Mubarik paid all previous balance by Cash
Amount
480,000
350,000
10,000
60,000
Total
Amount
900,000
Source
Document
200,000 Jounal Entry
30,000 Jounal Entry
30,000 Jounal Entry
5,000 Jounal Entry
40,000 Reciept Voucher
Jan 08,2016
Jan 09,2016
Jan 11,2016
Jan 12,2016
Jan 12,2016
Jan 14,2016
Jan 17,2016
Jan 17,2016
Purchased Following items from [Link]
Items
Quantity
Rate
Corolla Wind Screen
20
12000
Civic Head Lights
20
35000
Suzuki Wheel Cups
50
250
Suzuki Filters (New Item)
70
250
Purchased Following Item from [Link] (New Vendor)
Items
Quantity
Rate
Corolla Wind Screen
50
12000
Civic Head Lights
30
35000
Suzuki Filters
100
250
Cash Sales, Corolla Screen
1
15000
Received cash in Advance from Abu Bakar
Received Sale Order from Abu Bakar (order No.55)
Items
Quantity
Rate
Corolla Wind Screen
12
15000
Civic Head Lights
10
47000
Suzuki Filters
5
400
Sales made of Following item to Mr. Bashir
Items
Quantity
Rate
Corolla Wind Screen
5
16000
Civic Head Lights
10
46000
Suzuki Filters
4
450
Raised Purchase Order to [Link] (Order No. 49)
Items
Quantity
Rate
Corolla Wind Screen
25
12000
Civic Head Lights
30
54000
Suzuki Wheel Cups
20
504
[Link] Bakar Didn't paid the due amount, thus treated bad
Debts
Amount
240,000
700,000
12,500
17,500
Purchase Invoice
Purchase Invoice
Purchase Invoice
Purchase Invoice
Purchase Invoice
Amount
600,000
1,050,000
25,000
15,000
378,000
Purchase Invoice
Purchase Invoice
Purchase Invoice
Purchase Invoice
Sale Invoices
Reciept Voucher
Amount
180,000
470,000
2,000
Sale Order
Sale Order
Sale Order
Sale Order
Amount
80,000
460,000
1,800
Sale Invoice
Sale Invoice
Sale Invoice
Sale Invoice
Amount
300,000
1,620,000
10,080
Purchase Order
Purchase Order
Purchase Order
Purchase Order
60,000 Reciept Voucher
Jan 18,2016 Packing Charges Invoice received from [Link] (New Vendor)
45,000 Purchase Invoice
Jan 18,2016 Paid [Link] by Cheque of Standard Charted Bank
30,000 Payment Voucher
Jan 19,2016 Send all Items to [Link] Bakar against previous sale order (S.O No. 55)
Returned 10 Corolla Wind Screens to [Link] (Purchase Returns) @Rs
Jan 22,2016 12000 per Unit
Returned 5 Civic Headlights by [Link] Bakar (Sale Returns) @Rs 47000 per
Jan 24,2016 Unit
Sale Invoice
Jan 25,2016 [Link] Cleared all his previous balance by giving us cash
[Link] Sent all items against previously issued purchase order (P.O No.
Jan 26,2016 49)
Reciept Voucher
Debit Note
Credit Note
Purchase Invoice
Inventory
Adjustment
Jan 27,2016 One Corolla wind screen Damaged during Loading/Unloading @ 12000
Rent Expense for Jan adjusted from Advance rent Account for an amount of
Jan 31,2016 Rs.5000
Journal Entry
Prepared by SAAD NADEEM 0331-9811118
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