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    Daily Practice '

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    Abn pvt Ltd is a real estate company with a chart of accounts showing cash of Rs. 10,000 as an asset. The company had Rs. 1,000 in daily rent income, Rs. 2,000 in labour costs, Rs. 5,000 in material costs, and Rs. 7,000 in sales for a net loss of Rs. 1,000. The cash book shows opening cash of Rs. 10,000, receipts of Rs. 15,000 including capital and sales, and payments of Rs. 6,500 including rent, labour and materials for closing balance of Rs. 8,500.

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    Daily Practice '

    Uploaded by

    millinoid digitals
    8 views3 pages
    Abn pvt Ltd is a real estate company with a chart of accounts showing cash of Rs. 10,000 as an asset. The company had Rs. 1,000 in daily rent income, Rs. 2,000 in labour costs, Rs. 5,000 in material costs, and Rs. 7,000 in sales for a net loss of Rs. 1,000. The cash book shows opening cash of Rs. 10,000, receipts of Rs. 15,000 including capital and sales, and payments of Rs. 6,500 including rent, labour and materials for closing balance of Rs. 8,500.

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    Abn pvt Ltd is a real estate company with a chart of accounts showing cash of Rs. 10,000 as an asset. The company had Rs. 1,000 in daily rent income, Rs. 2,000 in labour costs, Rs. 5,000 in material costs, and Rs. 7,000 in sales for a net loss of Rs. 1,000. The cash book shows opening cash of Rs. 10,000, receipts of Rs. 15,000 including capital and sales, and payments of Rs. 6,500 including rent, labour and materials for closing balance of Rs. 8,500.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    8 views3 pages

    Daily Practice '

    Uploaded by

    millinoid digitals
    Abn pvt Ltd is a real estate company with a chart of accounts showing cash of Rs. 10,000 as an asset. The company had Rs. 1,000 in daily rent income, Rs. 2,000 in labour costs, Rs. 5,000 in material costs, and Rs. 7,000 in sales for a net loss of Rs. 1,000. The cash book shows opening cash of Rs. 10,000, receipts of Rs. 15,000 including capital and sales, and payments of Rs. 6,500 including rent, labour and materials for closing balance of Rs. 8,500.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    Company name Abn pvt Ltd

    Product Real Estate

    Chart of accounts
    cash 10000 Asset
    B.S A/L
    daily rent 1000 P&L 500 L
    labour 2000 P&L 1000 L
    material 5000 P&L 1000 A
    sales 7000 P&L 2000 A

    profit -1000

    cash 9000
    profit and loss account B/s
    particulars amount particularsamount particularsliabilities particulars
    daily rent 1000 sales 7000
    labour 2000 Capital 10000
    material 4000
    rent payab 500 Cash
    7000 7000 lab pay 1000 mat
    cus x

    Total 11500 Total


    cash book
    particulkarreciepts payments
    capital 10000
    rent 500
    labour 1000
    materials 5000
    sales 5000
    15000 6500
    closing ba, 8500

    Assets

    8500
    1000
    2000

    11500

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