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Accounting Blog in Excel
Accounting Blog in Excel
Partner B
Int on drawings
xxx
xxx
Int on capital
xxx
Drawings
xxx
xxx
Int on loan
xxx
Salary to partner
xxx
Profit sharing
xxx
xxx
xxx
xxx
Partner A
Partner B
xxx
xxx
xxx
xxx
xxx
xxx
Balance b/d
xxx
Discount Received
xxx
Credit Purchases
xxx
Contra entries
xxx
Bank
xxx
Balance c/d
xxx
xxx
xxx
Note:
Decreases the amount owed to
Trade Creditors
xxx
Sales Return
xxx
Credit Sales
xxx
Discount Allowed
xxx
xxx
Contra Entries
xxx
Bank
xxx
Balance c/d
xxx
xxx
xxx
Note:
Increases the amount owed by
Trade Debtors
1) Specific Provision
Kingsley
Bott
RM560
RM1,495
2) General Provision
2% x RM27,500
RM550
RM2,605
850
850
FORMAT
RM
RM
Net Profit
xxx
Add: Drawings
xxx
xxx
xxx
xxx
(xxx)
(xxx)
xxx
xxx
xxx
xxx
2,605
2,605
2,605
29,555
(2605)
26,950
xxx
(xxx)
xxx
Credit
4000
Capital
22000
20000
2000
36000
42000
42000