Bank Reconciliation Statement
Particulars Amount (Rs.)
Balance as per Bank Statement (overdraft) -3,500
Add: Cheque deposited but not shown 16,500
Add: Cheque collected by the bank 1,500
Less: Cheque drawn but not presented -6,000
Less: Cheque returned dishonored -150
Less: Bank charges -15
Less: Interest on overdraft -85
Adjusted balance (as per bank statement) 8,250
Adjusted Cash Book
Particulars Amount (Rs.)
Balance as per Cash Book 5,750
Add: Cheque deposited but not shown 16,500
Less: Cheque drawn but not presented -6,000
Less: Bank charges -15
Less: Interest on overdraft -85
Less: Cheque returned dishonored -150
Adjusted balance (as per Cash Book) 16,000
Mr Ringo Binder Journal
Date Particulars Debit ($)
1 May
st
Shop Fitting and Fixtures $2,000
Bank
2nd May Purchases $650
Account Payables to Staple
4th May Account Receivables from Clip $700
Sales Revenue
9th May Purchases $300
Account Payables to Green
11th May Account Receivables from Hill $580
Sales Revenue
13th May Bank $200
Sales Revenue
16th May Bank $700
Account Receivables from Clip
17th May Purchases $800
Account Payables to Kaye
18th May Account Receivables from Nailor $360
Sales Revenue
19th May Account Payables to Staple $650
Bank
20th May Rent Expense $200
Bank
21st May Delivery Expense $50
Bank
24th May Bank $200
Account Receivables from Hill
30th May Drawings $200
Bank
30th May Wages Expense $320
Bank
31st May Account Payables to Green $300
Bank
Books of Original Entries
Purchase Journal
Date Supplier Invoice #
2-May Staple 1
9-May Green 2
17-May Kaye 3
Sales Journal
Date Customer Invoice #
4-May Clip 1
11-May Hill 2
18-May Nailor 3
Cash Book
Date Transaction Debit ($)
1-May Bank Deposit (Capital) $5,000
13-May Cash Sales $200
16-May Payment Received from Clip $700
24-May Payment Received from Hill $200
30-May Payment for Personal Expense
30-May Payment for Wages
31-May Settlement of Green’s Account
General Expences
Date Description Debit ($)
20-May Rent Expense $200
21-May Delivery Expense $50
Mr Ringo Binder Trial Balance For the year Ended 31st December 2020
Particulars Debit ($) Credit ($)
Bank $4,500
Purchases $1,750
Sales Revenue $1,840
Account Payables to Staple $650
Account Payables to Green $300
Account Payables to Kaye $800
Account Payables to Nailor $360
Account Receivables from Clip $700
Account Receivables from Hill $380
Account Receivables from Nailor $360
Rent Expense $200
Delivery Expense $50
Drawings $200
Wages Expense $320
Total $8,460 $8,460
Credit ($)
$2,000
$650
$700
$300
$580
$200
$700
$800
$360
$650
$200
$50
$200
$200
$320
$300
Amount
$650
$300
$800
Amount
$700
$580
$360
Credit ($)
$200
$320
$300
Credit ($)
Rectification of Errors
Date Particulars DR ($) CR($)
3oth June Administration Expenses Account 340
To Banks Account 340
3oth June Purchases Account 360
To Suspence Account 360
3oth June Suspence Account 690
To Discount received 690
Trail Balance For the Year Ended
30th June 2020 DR ($) CR ($) Adjustments
Administration expenses 7,250 Administration Expenses Account
Cash at bank 3,280 Banks Account
Capital 60,000
Delivery expenses 1,210
Payables 1,530
Receivables 20,200
Discounts allowed 16,840
Discounts received 1,860 Discount received
Drawings 14,600
Machinery 35,040
Vehicles 12,420
Purchases 105,040 Purchases Account
Sales 186,070
Wages 33,910
suspence 330
Total 249,790 249,790
Suspence Account
Suspence Account (Discount Received) 690 Bal b/d 330
Suspence Account (Purchases) 360
690 690
DR ($) CR ($) DR ($) CR ($)
340 7,590
340 2,940
60,000
1,210
1,530
20,200
16,840
690 2,550
14,600
35,040
12,420
360 105,400
186,070
33,910
250,150 250,150
Debtors Control Account
Date Description Debit ($) Credit ($)
30 June 2020
th
Total Debtors $20,200
30th June 2020 Return Inwards $414
30th June 2020 Adjusted Discount Allowed $690
30th June 2020 Receipts from Debtors $26,175
30th June 2020 Bad Debt Written Off $730
30th June 2020 Debit Note to Debtor $119
30th June 2020 Credit Balance transferred to Sales 180
31st June 2020 Adjusted Closing Balance
Credit Control Account
Date Description Debit ($) Credit ($)
30 June 2020
th
Total Creditors $1,530
30 June 2020
th
Purchase Returns $815
30th June 2020 Credit Purchases $36,480
30th June 2020 Payment to Creditors $36,840
30th June 2020 Credit Balance transferred to Sales $180
30th June 2020 Adjusted Closing Balance
