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    Project Report in Accountancy: - Submitted by - Nishan Pant - Grade - 11 - Section D

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    nishan pant
    - Rohit started a sandwich business called Yummy Bites with an initial investment of Rs. 50,000. - He purchased various assets costing Rs. 24,000 and incurred other expenses like rent, salary, taxes etc. amounting to Rs. 31,000. - The business earned revenue of Rs. 25,000 from sales during the first month of operations.

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    Project Report in Accountancy: - Submitted by - Nishan Pant - Grade - 11 - Section D

    Uploaded by

    nishan pant
    120 views13 pages
    - Rohit started a sandwich business called Yummy Bites with an initial investment of Rs. 50,000. - He purchased various assets costing Rs. 24,000 and incurred other expenses like rent, salary, taxes etc. amounting to Rs. 31,000. - The business earned revenue of Rs. 25,000 from sales during the first month of operations.

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    Project report in commerce

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    - Rohit started a sandwich business called Yummy Bites with an initial investment of Rs. 50,000. - He purchased various assets costing Rs. 24,000 and incurred other expenses like rent, salary, taxes etc. amounting to Rs. 31,000. - The business earned revenue of Rs. 25,000 from sales during the first month of operations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    120 views13 pages

    Project Report in Accountancy: - Submitted by - Nishan Pant - Grade - 11 - Section D

    Uploaded by

    nishan pant
    - Rohit started a sandwich business called Yummy Bites with an initial investment of Rs. 50,000. - He purchased various assets costing Rs. 24,000 and incurred other expenses like rent, salary, taxes etc. amounting to Rs. 31,000. - The business earned revenue of Rs. 25,000 from sales during the first month of operations.

    Copyright:

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    Project report in Accountancy

    • Submitted by – Nishan Pant


    • Grade - 11
    • Section D
    Acknowledgment

    • I would like to express my special thanks of gratitude to my teacher (Mr. Manoj


    Tiwari) as well as our principal (C. A. McFarland)who gave me the golden
    opportunity to do this wonderful project on Accountancy, which also helped me in
    doing a lot of Research and i came to know about so many new things I am really
    thankful to them.
    Secondly i would also like to thank my parents and friends who helped me a lot in
    finalizing this project within the limited time frame.
    Project : 1
    Case Study
    • After graduation a person name Rohit started a business. He started a
    business of selling sandwich. He took a space on rent and opened a
    sandwich store named Yummy Bites. From his past saving he invested Rs.
    50000/- on his business entity. He buys stove, grill and chimney for Rs.
    3000/- , Computer form kishor for Rs. 5000/- , Furniture For 5000/- , He
    purchased an oven for Rs. 5000/-, He bought goods like bread, vegetable
    etc for 7000/-. His business got started and customers has visited his store.
    He hire an employee and paid him Rs. 5000/- as a first month salary. He
    paid Rent of Rs. 5000/-. He paid electricity bill of 3000/- , Telephone bill
    of 2000/-, Paid internet bill for Rs. 1000/- and paid tax to the government
    of Rs. 4000/-. He sold the sandwich for the total of Rs. 60000/-. He
    purchased a filing cabinet for Rs. 500/-. He purchased government
    securities for Rs. 1500/-.
    Preparation of Journal

    Date Particulars LF Debit Rs. Credit Rs.


    March
    1 Cash a/c …………………………… Dr. 50,000
    To Capital a/c 50,000
    (Being business started with cash)

    2 Purchase a/c ………………………. Dr. 3,000


    To cash a/c 3,000
    (Being stove, grill , oven , chimney purchased)

    3 Ram’s a/c ……………………….. Dr. 5,000


    To sales a/c 5,000
    (Being goods sold to Ram on credit)

    4 Cash a/c …………………………….Dr. 5,000


    To ram a/c
    (Being received cash from ram) 5,000
    Date Particulars LF Debit Rs. Credit Rs.
    March ‘
    5 Purchase a/c …………………………. Dr. 5,000
    To cash a/c 5,000
    (Being Furniture purchased)

    6 Purchase a/c …………………………. Dr. 7,000


    To cash a/c 7,000
    (Being purchased of goods)

    7 Salary a/c …………………………….. Dr. 5,000


    To cash a/c 5,000
    (Being the payment of salary)

    8 Rent a/c ………………………………. Dr. 5,000


    To cash a/c 5,000
    (Being the payment of Rent)

    9 charge a/c ………………… Dr.


    Electricity 3,000
    To cash a/c 3,000
    (Being electricity charge paid)

    Telephone 2,000
    To cash a/c 2,000
    (Being Telephone charge paid)
    Date Particulars LF Debit Rs. Credit Rs.
    March
    Internet 1,000
    To cash a/c 1,000
    (Being Internet bill paid)
    6,000 6,000
    12 Government tax a/c…………………Dr. 4,000
    To cash a/c 4,000
    (Being government tax paid)

    13 Cash a/c…………………………….Dr. 20,000


    To sales a/c 20,000
    (Being goods sold for cash in a month)

    14 Purchase a/c…………………Dr. 1,000


    To cash a/c 1,000
    (Being filing cabinet purchased)

    15 Purchase a/c……………Dr 4,000


    To cash a/c 4,000
    (Being government securities purchased)
    Posting into Ledger
    Cash Account
    Dr. Cr.
    Date/ Particulars JF Amount Date/ Particular JF Amount
    March March
    1 To Capital a/c 50,000 2 By Purchase a/c 7,000
    13 To sales a/c 20,000 5 By Purchase a/c 5,000
    4 To Ram a/c 5,000 6 By Purchase a/c 7,000
    31,000 14 By Purchase a/c 1,000
    15 By Purchase a/c 4,000
    7 By salary a/c 5,000
    8 By rent a/c 5,000
    9 By charge a/c 6,000
    12 By Government tax a/c 4,000

    31 By balance c/d
    31,000

    75,000 75,000
    April 1 To balance b/d
    Purchase account

    Dr. Cr.
    Date/ Particulars JF Amount Date/ Particular JF Amount
    March March
    2 To cash a/c 7,000
    5 To cash a/c 5,000
    6 To cash a/c 7,000
    14 To cash a/c 1,000
    15 To cash a/c 4,000
    31 By balance c/d 24,000

    24,000 24,000

    April 1 To balance b/d


    24,000

    Ram’s Account
    Dr. Cr.
    Date/ Particulars JF Amount Date/ Particular JF Amount
    March March
    3 To sales a/c 5,000 4 By cash a/c 5,000
    5,000 5,000
    April 1 By balance b/d 5,000
    Sales account
    Dr. Cr.
    Date/ Particulars JF Amount Date/ Particular JF Amount
    March March
    31 To balance c/d 25,000 4 By Ram a/c 5,000
    13 By cash a/c 20,000

    25,000 25,000
    April 1 By balance b/d 25,000

    Capital Account

    Dr. Cr.
    Date/ Particulars JF Amount Date/ Particular JF Amount
    March March
    31 To balance c/d 50,000 1 By cash 50,000

    50,000 50,000
    April 1 By balance b/d 50,000
    Salary account

    Dr. Cr.
    Date/ Particulars JF Amount Date/ Particular JF Amount
    March March
    7 To cash a/c 5,000
    31 By balance c/d 5,000

    5,000 5,000
    April 1 To balance b/d 5,000

    Tax account
    Dr. Cr.
    Date/ Particulars JF Amount Date/ Particular JF Amount
    March March
    12 To cash a/c 4,000
    31 By balance c/d 4,000

    4,000 4,000
    April 1 To balance b/d 4,000
    Rent Account

    Dr. Cr.
    Date/ Particulars JF Amount Date/ Particular JF Amount
    March March
    8 To cash a/c 5,000
    31 By Balance c/d 5,000

    5,000 5,000

    April 1 To balance b/d 5,000

    Charge Account
    Dr. Cr.
    Date/ Particulars JF Amount Date/ Particular JF Amount
    March March
    9 To cash a/c 6,000 31 By balance c/d 6,000
    6,000 6,000
    April 1 To balance b/d 6,000
    Trial Balance

    S.N Account Heads LF Debit rs. Credit rs.


    1 Cash……………………………… 31,000
    2 Purchase………………………… 24,000
    3 Ram……………………………… 5,000 5,000
    4 Sales……………………………… 25,000
    5 Capital…………………………… 50,000
    6 Salary……………………………. 5,000
    7 Tax……………………………….. 4,000
    8 Rent……………………………… 5,000
    9 Charge…………………………… 6,000

    Total……………………………. 80,000 80,000

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