ST.XAVIER`S SEN. SEC.

SCHOOL

ACCOUNTS PROJECT

Company Name yogesh enterprises

Accounts project work

Accounts project

Class- XI B (Commerce)

Roll no- 08

Subject-

Accounts

Project By-yogesh verma Teacher Name- Mr. Biswas sir

COMPANY ADDRESS-169,OMNAGER ROAD, SULTANPUR

Preface
This project of Accounts has been made according to the topic which was provided to me by our subject teacher. I have done details study and research of the different company profiles and made this project. The project has been written in a simple language, keeping in view of the topics provided to me. Practical examples have been given for references of the Company transactions. After doing this project my practical knowledge of Accounts have improved. I have every confidence that after doing this project my concept of Business have improved. I express our sincere thanks to the teachers, my parents and elders for their valuable suggestions and time and encouragement provided by them in making my project a quality one.

Acknowledgement
Yogesh verma of class XI (Com) solemnly declare that the report of the project work entitled Accounts project, is based on my own work carried out during the course of my study under the supervision of Mr. Biswas Sir I assert that the statements made and the details used and the conclusions drawn are an outcome of the project work. I further declare that to the best of my knowledge and belief I have done my project.

Index

Introduction To Company

My Company name is yogesh Enterprises. It is situated at 169, om nager Road, Sultanpur. In my company the box of sweets are prepared.

Company Profile

Transaction
Date Details 2011 Sept.01 Open a bank account with ICICI bank Sept.02 Sold to Hari raw material for making sweets boxes for
cash

Amount Rs. 2,00,000 50,000

Sept.05 Sold to Rakesh a paper bundle for cash Sept.07 Purchase paper from mohit ltd. For cash Sept.09 Sold to naresh sweet box for cash sept.12 Purchase raw material from mohit ltd. For cash Sept.14 Cash deposited into bank Sept.16 Purchase machinery in full settlement Sept.19 sold goods for cash to nilesh Sept.20 Sold goods to Mr. B on credit Sept.22 Paid Electricity bill of factory Sept.23 Received cash from Mr. B Sept.26 Cash withdrawl for personal use Sept.27 Paid salaries to workers in cash Sept.28 Purchase goods from rahul bros. For cash Sept.29 Sold goods to Mr. Sanjay for cash on credit Sept.30 Sold goods to Mr. Pradeep for cash

42,000 2,20,251 12,000 1,21,000 2,00,000 3,00,000 20,000 1,20,000 5,000 1,20,000 12,000 5,000 12,00,000 12,250 15,000

Voucher

On the basis of source document entries are first of all recorded on voucher and then on the basis of the voucher recording are made in the journal or books or original entries. Vouchers are printed separately by all the firms in their own names. Voucher is counter signed by an authorised person the firm.

Types Of Voucher
Voucher

Cash Voucher

Non Cash Voucher

Debit voucher for cash payment

Credit Voucher

Debit Voucher
Yogesh Enterprises 169,om nager road, Sultanpur Voucher NoDate:10/09/2011 Amount DEBIT-Paper A/c 2,20,251 ............................................................................................................................ ....................................................... (Purchase paper from mohit ltd. Vide bill no. 562 and payment made by cash dated07/09/2011 ) 2,20,251 TOTAL Signature Signature ............... ................ Manager Accountant

Credit Voucher
yogesh Enterprises 169,om nager road, Sultanpur Voucher NoDate: Amount CREDIT-Sales A/c ............................................................................................................................ 2,71,250 ....................................................... For goods sold and payment received by cash)

2,71,250
Signature ............... Manager Signature ................ Accountant

Transfer Voucher

TRANSFER VOUCHER yogesh Enterprises 169. om nager road, Sultanpur Voucher NoDate: Amount DEBITTotal Rs. CREDIT

Total Rs. Signature ............... Manager Signature .............. Accountant

Journal

Journal is a book of original entry in which the transaction are recoded first of all, as and when they take place.

The Journal as originally used , is the book of prime entry in which the transaction are copied in order of date from a memorandum or waste book. The entries as they are copied are classified into debits and credit so as to facilitate their bring correctly posted afterward in the ledger.

Date Sept.01 Sept.02

Particulars Bank A/c Dr. To Cash A/c Cash A/c Dr.

L.F

Amount(Dr.) 2,00,000 50,000

Amount(Cr.) 2,00,000

To sales A/c Sept.05 Sept.07 Sept.09 sept.12 Sept.14 Sept.16 Sept.19 Sept.20 Sept.22 Sept.23 Sept.26 Sept.27 Sept.28 Sept.29 Sept.30 Cash A/c Dr. To sales A/c purchase A/c Dr. To cash A/c Cash A/c Dr. To sales A/c purchase A/c Dr. To cash A/c Bank A/c Dr. To cash A/c Machinery A/c Dr. To cash A/c Cash A/c Dr. To sales A/c Mr. B Dr. To sales A/c Electricity A/c Dr. To cash A/c Cash A/c Dr To Mr. B Drawing A/c Dr. To cash A/c Salary A/c Dr. To cash A/c Purchase A/c Dr. To cash A/c Sanjay Dr. To sales A/c Cash A/c Dr. To sales A/c TOTAL 42,000

50,000 42,000 2,20,251 2,20,251 12,000 12,000 1,21,000 1,21,000 2,00,000 2,00,000 3,00,000 3,00,000 20,000 20,000 1,20,000 1,20,000 5,000 5,000 1,20,000 1,20,000 12,000 12,000 5,000 5,000 12,00,000 12,00,000 12,250 12,250 15,000 31,66,752 15,000 31,66,752

Ledger

Business transactions are first enter in journal and the next step is to transfer the entries to respective accounts in ledger. The ledger is the principle book of accounting system it contains different accounts where transactions relating to that are recorded. Ledger is the book which contain all accounts of business enterprise where personal, Real and Nominal A/c.

Cash Account

Date 2011 Sept 02 Sept 05 Sept 09 Sept 19 Sept 23 Sept 30

Particular To Sales A/c To Sales A/c To Sales A/c To Sales A/c To Mr. B To Sales A/c

l.f Amount Rs. 50,000 42,000 12,000 20,000 1,20,000 15,000

Date 2011 Sept 01 Sept 07 Sept 12 Sept 14 Sept 16 Sept 22 Sept 26 Sept 27 Sept 28

Particular By Bank A/c By purchase A/c By purchase A/c By Bank A/c By Machinery A/c By Electricity A/c By Drawings A/c By salary A/c By Purchase A/c

l.f

Amount Rs. 2,00,000 2,20,251 1,21,000 2,00,000 3,00,000 5,000 12,000 5,000 12,00,000

Purchase A/c
Date Particular l.f Amount Date Particular l.f Amount 2011 Rs. 2011 Rs. Sept 07 To cash A/c 2,20,251 Sept 26 By Drawings A/c 12,000 Sept 12 To cash A/c 1,21,000 Sept 28 To cash A/c 12,00,000

Salary A/c
Date Particular l.f Amount Date Particular l.f Amount

Sept 27

To Cash A/c

5,000

Sales A/c
Date 2011 Particular l.f Amount Rs. Date 2011 Particular l.f Amount Rs.

Sept.02 Sept.05 Sept.09 Sept 20 Sept.19 Sept.29 Sept.30

By Cash A/c By Cash A/c By Cash A/c By Mr. B By Cash A/c By Sanjay By Cash A/c

50,000 42,000 12,000 1,20,000 20,000 12,250 15,000

Drawings A/c
Date Particular l.f Amount Date Particular l.f Amount

Sept 26

To Cash A/c

12,000

Electricity A/c

Date

Particular

l.f Amount Date

Particular

l.f Amount

Sept 22

To Cash A/c

5,000

Machinery A/c
Date Particular l.f Amount Date Particular l.f Amount

Sept 16

To Cash A/c

3,00,000

Bank A/c
Date Particular l.f Amount Date Particular l.f Amount

Sept 01 Sept 14

To cash A/c To cash A/c

2,00,000 2,00,000

Cash Book

Cash book is a book in which all transaction relating to cash receipts and cash payments are recorded .It starts with the cash or bank balances at the beginning of the period .It serves the purpose of both journal as well as ledger account it is also called the book of original entry. Receipt are entered on the debit side of the cash book. Payments are entered on the credit side.

Features of cash book

1. Only cash transaction are recorded. 2. Recorded chronologically as they occur. 3. Receipt recorded in debit side and payment on the credit side. 4. Only cash transaction are recorded. 5.It performs the function of both jornal and ledger at the same time.

Cheques

Trial Balance

A trial balance is the statement showing the balances or total of debit and credit of all these account in the ledger with a view to verify the arithmetical accuracy of posting into the ledger accounts. It shows the financial position of an accounting process as its shows the final statement.

Objectives Of Trial Balance

1. To ascertain the arithmetical accuracy of the ledger accounts. 2. To help in locating errors. 3. To help in the preparation of the trial balance of financial statement. 4. To obtain the summary of the ledger.

Features Of Trial Balance

1. It is the list of balances of all ledger accounts and the cash book. 2. It is just a statement not a account. 3. It is always prepared on a particular date and not for a particular period. 4. It is to check arithmetical accuracy of the ledger accounts. 5. It is neither a part of double entry system, nor does it appears in the actual books of accounts. It is working paper.

Preparation Of Trial Balance

A trial balance is prepared in the following three methods:1. Total Method 2. Balances Method 3. Total-Cum-Balances Method

Trial Balance As On...................

Dr. Particulars Amount Particulars Cr. Amount

Bank Balance salaries Machinery Drawings

4,00,000 5,000 3,00,000 12,000

sales Creditors

2,71,250 1,32,250

Conclusion

Bibliography