Close the books on 30 September.
You have cash $10,000. Think of startin
Consider accounting period to be 1st January to 31st December
Journalize the following transactions in the books of Gaurav, post them into ledger and prepare
trial balance for June 2016 :
June 1: Gaurav started business with Rs. 10,00,000 of which 25% amount was borrowed from wife.
June 4: Purchased goods from An
Susannes accountant has finalised the accounts of Year ended on 31 st March, 2014 and
presented the trial balance as below:
Cash in Hand
Mr. You starts the business of developing software. Information is as follows:
Started business with Cash Rs. 10,000,000 and Building worth Rs. 5,000,000.
Hired 2 Executives at a monthly salary of Rs. 25,000 each per month. The salary
Financial Statement Analysis
The 6ludy oi lhjs chapier should enab )u lo unde6rand:
Mdaning ol Finanoia SlalemeniAnaltis
T6 s or Tochniqu6 ol Fiiandra slalomnlAmyis
B Types ol F nancial Sltemeft Ana ys s
Prccess ol Fimnoial $atemenr Analysis
Andllsis ot Fimncrn
mss ma4in on rradtnq and is carcu ated as under:
4 i.dr. rne rario".
i ,hl [email protected]*. d ,oapu ns oqpm.turs ;d pFm
se i i,oiran' r;l',qu"oftus;E
botbL. Entry B6L KPI'ne-XI
Illustration 1r. A 6m puchasos r otd rruck for a sun ofll. 2,O0,OOO on 1s! Jdnnay.
200,.Ir'1.,c"20"6 DeprcriJt 01 pera' nLmoi oro're'urocwrr,rr nDqn vst;e
ivl. l,od rh- lrr. \5r ootd oD ti Jut,. 2003 tur s s-um o. R. hn,ooo. y!,
.* , t. -(A) A, new nron lst Januarv, 1e72
and purchased goods costing
Rs. 90,000 during trre
Rs, 6;000 was spent.on freight inwards. At ti'e
irr. vear the
cost of th9 ggods stiil unsord was Rs. r2,000. sui.,
Table Shoq'ing Summar:-.y of Accounting Ratios
1. Cu(enl Falio^Vorking
This ralio shows shontemi inanclal
iom ol cash or
be Fnvened inro
EEnpbe-Cash, Bank ba am6,
Slock, Blls recelvab