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  • Name: Rabita Qayoom Class: Bs A & F - 06 ENROLLMENT: 02-112172-031 Subject: Financial Reporting 2

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    Rabita Qayoom
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    This document shows transactions recorded in various accounts between 2001 and 2002. It records money being transferred from a savings account into a Construction Work in Progress (CWIP) account on multiple dates to finance construction projects. It also records interest expenses being paid to a bank and earned on the CWIP account. At the end of 2002, the total amount spent on construction is recorded as the balance transferred out of the CWIP account.

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    FR-2-29042020-122152am

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    This document shows transactions recorded in various accounts between 2001 and 2002. It records money being transferred from a savings account into a Construction Work in Progress (CWIP) account on multiple dates to finance construction projects. It also records interest expenses being paid to a bank and earned on the CWIP account. At the end of 2002, the total amount spent on construction is recorded as the balance transferred out of the CWIP account.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    9 views1 page

    Name: Rabita Qayoom Class: Bs A & F - 06 ENROLLMENT: 02-112172-031 Subject: Financial Reporting 2

    Uploaded by

    Rabita Qayoom
    This document shows transactions recorded in various accounts between 2001 and 2002. It records money being transferred from a savings account into a Construction Work in Progress (CWIP) account on multiple dates to finance construction projects. It also records interest expenses being paid to a bank and earned on the CWIP account. At the end of 2002, the total amount spent on construction is recorded as the balance transferred out of the CWIP account.

    Copyright:

    © All Rights Reserved
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    of 1

    DATE PARTICULARS DEBIT CREDIT

    ST
    31 DEC 2001 SAVING ACCOUNT 1500000 1500000
    BANK LOAN
    1ST JAN 2002 CWIP 420000
    SAVING ACCOUNT 420000
    ST
    1 MARCH 2002 CWIP 600000
    SAVING ACCOUNT 600000
    ST
    1 MAY 2002 CWIP 480000
    SAVING ACCOUNT 480000
    ST
    1 MAY 2002 CWIP 600000
    RUNNING FINANCE 600000
    ACCOUNT
    31ST DEC 2002 CWIP 900000
    RUNNING FINANCE 900000
    ACCOUNT
    31ST DEC 2002 INTEREST EXPENSE 225000
    BANK 225000
    CWIP 225000
    INTEREST EXPENSE 225000
    ST
    31 DEC 2002 BANK 13000
    INTEREST INCOME 13000
    INTEREST INCOME 13000
    CWIP 13000
    31ST DEC 2002 INTEREST EXPENSE 254000
    BANK 254000
    CWIP 44160
    INTEREST EXPENSE 44160
    31ST DEC 2002 FATORY 3256160
    CWIP 3256160

    NAME: RABITA QAYOOM


    CLASS: BS A & F -06
    ENROLLMENT: 02-112172-031
    SUBJECT: FINANCIAL REPORTING 2

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