Banking Diploma Tips & Tricks: Accounting for Financial Services Question Solve [(4(c), November-2011]Banking Diploma JAIBB and DAIBB

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Accounting for Financial Services Question Solve [(4(c), November-2011]

Posted by Ripon Abu Hasnat on Thursday, November 12, 2015 | 0 comments

NANDAN PARK
JOURNAL ENTRIES
Date	Account title	L.F	Dr TK	Cr TK
APRIL
1	CASH ACCOUNT		200000
	MR.KAMAL`S CAPITAL			200000
	(Being kamal give the cash as capital)
4	LAND		50000
	CASH ACCOUNT			50000
	(Being land purchased)
8	Advertising expenses		2000
	A/C Payable			2000
	(As advertising expenses incrurred )
11	Salaries expenses		15000
	Cash a/c			15000
	( As salaries paid on cash)
13	Prepaid insurance		36000
	Cash a/c			36000
	( As insurance paid on cash)
17	Mr. kamal`s withdrawal		10000
	Cash a/c			10000
	( As Mr. kamal withdraw cash)
20	Cash a/c		6000
	Adimission revenue			6000
	( As admission fees received on cash)
25	Cash a/c		25000
	Unearned Adimission revenue			25000
	( As admission fees received on cash)
30	Cash a/c		8900
	Adimission revenue			8900
	( As admission fees received on cash)
30	A/C Payable		900
	Cash a/c			900
	( As a/c payable paid for adv. Expenses)

CASH ACCOUNT

Date	Account title			J.F	Dr TK		Cr TK	Balance
	MR.KAMAL`S CAPITAL				200000			200000
	LAND						50000	150000
	Salaries expenses						15000	135000
	Prepaid insurance						36000	99000
	Mr. kamal`s withdrawal						10000	89000
	Adimission revenue				6000			95000
	Unearned Adimission revenue				25000			120000
	Adimission revenue				8900			128900
	A/C Payable						900	128000

Land
Date	Account title	J.F	Dr TK			Cr TK		Balance
	Cash		50000					50000

KAMAL`S CAPITAL
Date	Account title	J.F	Dr TK			Cr TK		Balance
	Cash account					200000		200000

Advertising Expenses
Date	Account title	J.F	Dr TK			Cr TK		Balance
	Account Payable		2000					2000

Accounts payable
Date	Account title	J.F	Dr TK			Cr TK		Balance
	Cash		900					900
	Adv. Expenses					2000		1100

Salaries
Date	Account title	J.F	Dr TK			Cr TK		Balance
	Cash		15000					15000

Prepaid insurance
Date	Account title	J.F	Dr TK			Cr TK		Balance
	Cash		36000					36000

Mr. kamal`s drawings
Date	Account title	J.F	Dr TK			Cr TK		Balance
	Cash		10000					10000

Admission Revenue
Date	Account title	J.F	Dr TK			Cr TK		Balance
	Cash					6000		6000
	Cash					8900		14900

Unearned Admission Revenue
Date	Account title	J.F	Dr TK			Cr TK		Balance
	Cash					25000		25000

	NANDAN PARK
	Trial Balance
	for the period ended............
	Account title		Dr TK			Cr TK
	Cash		128000
	Mr. Kamai`sCapital					200000
	Land		50000
	Advertising Expenses		2000
	Accounts payable					1100
	Salaries Expenses		15000
	Prepaid insurance		36000
	Mr. Kamai`s Drawings		10000
	Admission revenue					14900
	Unurned Revenue					25000
			241000			241000

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