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Financial Project

This document contains a general journal sheet for Abdullah Nasir listing various account transactions between January and December. There are debit and credit entries for cash, accounts receivable, sales, purchases, expenses, assets, liabilities, equity, and other general ledger accounts. The journal tracks numerous business transactions over the year such as purchases, sales, expenses, payments, deposits, loans, and investments.

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abdullah0336.jutt
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
23 views

Financial Project

This document contains a general journal sheet for Abdullah Nasir listing various account transactions between January and December. There are debit and credit entries for cash, accounts receivable, sales, purchases, expenses, assets, liabilities, equity, and other general ledger accounts. The journal tracks numerous business transactions over the year such as purchases, sales, expenses, payments, deposits, loans, and investments.

Uploaded by

abdullah0336.jutt
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Cash In Hand L-1

Date Particulars Folio Amount Date Particulars Folio Amount

Stock L-3
Date Particulars Folio Amount Date Particulars Folio Amount

Withdraw L-5
Date Particulars Folio Amount Date Particulars Folio Amount
Debtor L-5
Date Particulars Folio Amount Date Particulars Folio Amount

returns L-7
Date Particulars Folio Amount Date Particulars Folio Amount
Askari Bank L-9
Date Particulars Folio Amount Date Particulars Folio Amount

Salaries Expense L-11


Date Particulars Folio Amount Date Particulars Folio Amount
Goods L-12
Date Particulars Folio Amount Date Particulars Folio Amount

Electricity Bill L-14


Date Particulars Folio Amount Date Particulars Folio Amount
Capital L-2
Date ParticularsFolio Amount Date Particulars

Supplies L-4
Date ParticularsFolio Amount Date Particulars

Machinery L-6
Date ParticularsFolio Amount Date Particulars
Creditor L-6
Date ParticularsFolio Amount Date Particulars

Cash At bank L-8


Date ParticularsFolio Amount Date Particulars
Transport Expense L-10
Date ParticularsFolio Amount Date Particulars

Sales L-12
Date ParticularsFolio Amount Date Particulars
Retained Earning L-13
Date ParticularsFolio Amount Date ParticularsFolio

Wages L-15
Date ParticularsFolio Amount Date ParticularsFolio
Folio Amount

Folio Amount

Folio Amount
Folio Amount

Folio Amount
Folio Amount

Folio Amount
Amount

Amount
CLIENT:

Month DATE

January 3

11

12

14

25

27

February
2

17

18
25

26

27

28

March
1

12

14

25

27

30

April
3

5
9

10

11

20

29

30

May
2

19

23

24

25
June
1

17

19

27

30

July
3

11

13
14

21

23

August
1

19

21

22

September
1

3
4

17

18

October
1

18

19

20

November
1

18

19

December
1

18
19

20
General Journal Sheet

Abdullah Nasir

PARTICULARS

Cash(Dr)
Owner's Equity (Cr)
(Owner invested cash in the business)
Common Stock (Dr)
Cash (Cr)
(Owner bought common stock for cash)
Cash (Dr)
Unearned Revenue (Cr)
(Received cash in advance for services)
Supplies Expense (Dr)
Accounts Payable (Cr)
(Purchased supplies on account)
Owner's Withdrawal (Dr)
Cash (Cr)
(Owner withdrew cash for personal use)
Machinery (Dr)
Cash (Cr)
(Purchased machinery in cash)
Cash (Dr)
Accounts Receivable (Cr)
(Received cash from debtor)
Cash (Dr)
Motor Vehicle (Cr)
(Sold motor vehicle, proceeds deposited in the owner's personal bank account)

Purchases (Dr)
Accounts Payable (Cr)
(Bought goods on credit)
Returns (Dr)
Accounts Payable (Cr)
(Goods returned by Jamal)
Askari Bank (Dr)
Cash (Cr)
(Issued cheque to Askari Bank)
Transport Expense (Dr)
Cash (Cr)
(Paid transport expense in cash)
Cash (Dr)
Accounts Receivable (Cr)
(Received cash in hand)
Cash (Dr)
Accounts Receivable (Cr)
(Received cash from debtors)
Salaries Expense (Dr)
Cash (Cr)
(Paid salaries in cash)
Cash (Dr)
Sales (Cr)
(Sold stock for cash)

Cash (Dr)
Sales (Cr)
(Sold stock for cash)
Carriage Expenses (Dr)
Cash (Cr)
(Paid carriage expenses in cash)
Cash(dr)
Accounts Receivable (Cr)
(Received payment for goods sold on credit)
Office Supplies Expense (Dr)
Cash (Cr)
(Purchased office supplies in cash)
Cash (Dr)
Current Assets (Cr)
(Indicating the cash on hand)
Accrued Expenses (Dr)
Liabilities (Cr)
(Indicating accrued expenses)
Long-term Debt (Dr)
Liabilities (Cr)
(Indicating long-term debt)
Retained Earnings (Dr)
Shareholder's Equity (Cr)
(Indicating retained earnings)

Preferred Stock (Dr)


Cash (Cr)
(Purchased 15,000 shares of preferred stock for cash)
Delivery Bike (Dr)
Accounts Payable (Cr)
(Acquired a delivery bike on account)
Warehouse (Dr)
Cash (Cr)
(Owner acquired a warehouse)
Professional Development Expenses (Dr)
Cash (Cr)
(Paid cash for professional development expenses)
Cash (Dr)
Loan Payable (Cr)
(Obtained a loan from National Bank)
Telephone Expense (Dr)
Cash (Cr)
(Paid telephone bill in cash)
Transportation Expenses (Dr)
Cash (Cr)
(Paid cash for transportation expenses)
Carriage Expenses (Dr)
Cash (Cr)
(Paid carriage expenses in cash)

Raw Materials (Dr)


Accounts Payable (Cr)
(Purchased raw materials on credit)
Sales Returns and Allowances (Dr)
Accounts Receivable (Cr)
(Accepted the return of goods from Ahmed)
Cash (Dr)
Sales (Cr)
(Sold goods against a cheque)
Wages Expense (Dr)
Cash (Cr)
(Issued a cheque for wages payment)
Personal Expenses (Dr)
Cash (Cr)
(Issued a cheque for personal expenses)
Purchases (Dr)
Cash (Cr)
(Bought new stock in cash)
Carriage Expenses (Dr)
Cash (Cr)
(Paid carriage expenses in cash)
Cash (Dr)
Sales (Cr)
(Received cash from sales)

Cash (Dr)
Sales (Cr)
(Sold stock for cash)
Revenue (Dr)
Cash (Cr)
(Generated revenue from a special promotion campaign)
Raw Materials (Dr)
Accounts Payable (Cr)
(Purchased raw materials on credit)
Equipment (Dr)
Cash (Cr)
(Bought equipment in cash)
Inventory (Dr)
Current Assets (Cr)
(Indicating the value of inventory)
Property & Equipment (Dr)
Current Liabilities (Cr)
Shareholder's Equity (Cr)
(Indicating the property & equipment and creditor)
Long-term Debt (Dr)
Liabilities (Cr)
(Indicating long-term debt)
Retained Earnings (Dr)
Shareholder's Equity (Cr)
(Indicating retained earnings)

Office Supplies (Dr)


Accounts Payable (Cr)
(Purchased office supplies on credit)
Rent Expense (Dr)
Cash (Cr)
(Paid rent in cash)
Raw Materials (Dr)
Bank (Cr)
(Purchased raw materials by cheque)
Accounts Payable (Dr)
Office Supplies (Cr)
(Returned defective printer cartridges to ABC Stationery and received a credit note)
Bank (Dr)
Cash (Cr)
(Deposited cash into the business bank account)
Internet and Phone Expense (Dr)
Cash (Cr)
(Paid for internet and phone bills in cash)
Inventory (Dr)
Bank (Cr)
(Placed an order for inventory with ABC Distributors, to be paid on delivery)
Marketing Expenses (Dr)
Cash (Cr)
(Paid for marketing expenses in cash)

Cash (Dr)
Unearned Revenue (Cr)
(Received advance payment from a client)
Bank (Dr)
Cash (Cr)
(Deposited cash into the business bank account)
Office Supplies (Dr)
Cash (Cr)
(Purchased office supplies on cash)
Rent Expense (Dr)
Cash (Cr)
(Paid rent in cash)
Cash (Dr)
Sales (Cr)
(Sold goods to Sarah Khan for cash)
Marketing Expenses (Dr)
Cash (Cr)
(Paid marketing expenses in cash)
Petty Cash (Dr)
Bank (Cr)
(Withdrew cash from the business bank account for petty expenses)
Inventory (Dr)
Bank (Cr)
(Placed an order for inventory with DEF Distributors, to be paid on delivery)

Bank (Dr)
Unearned Revenue (Cr)
(Received advance payment by cheque for future services)
Rent Expense (Dr)
Cash (Cr)
(Paid rent for the office space in cash)
Accounts Receivable (Dr)
Sales (Cr)
(Sold goods to Sarah Khan on credit)
Car Maintenance and Repairs Expense (Dr)
Cash (Cr)
(Paid for car maintenance and repairs in cash)
Marketing Expenses (Dr)
Cash (Cr)
(Paid marketing expenses in cash)
Petty Cash (Dr)
Bank (Cr)
(Withdrew cash from the business bank account for petty expenses)

Cash (Dr)
Unearned Revenue (Cr)
(Received advance payment in cash for future services)
Rent Expense (Dr)
Cash (Cr)
(Paid rent for the office space in cash)
Accounts Receivable (Dr)
Sales (Cr)
(Sold goods to Sarah Khan on credit)
Cash (Dr)
Sales (Cr)
(Received cash payment from customer walk-ins)
Salaries Expense (Dr)
Cash (Cr)
(Paid salaries in cash)
Electricity Expense (Dr)
Bank (Cr)
(Issued a cheque for electricity bill)
Cash (Dr)
Sales (Cr)
(Received cash payment from a new customer, Amina Khan)
Petty Cash (Dr)
Bank (Cr)
(Withdrew cash from the business bank account for petty expenses)
Cash (Dr)
Bank Loan (Cr)
(Secured a new line of credit from the bank for working capital)
Cash (Dr)
Sales (Cr)
(Received cash payment from a new customer, Maryam Bibi)
Cash (Dr)
Owner's Equity (Cr)
(Received cash from the owner for business operations)
Common Stock (Dr)
Cash (Cr)
(Invested in common stock for long-term growth)
Cash (Dr)
Unearned Revenue (Cr)
(Received cash in advance from a client for future services)
Computer (Dr)
Cash (Cr)
Accounts Payable (Cr)
(Purchased a new computer, part paid in cash, and the rest on credit)
Salaries Expense (Dr)
Cash (Cr)
(Paid salaries to employees in cash)
Petty Cash (Dr)
Bank (Cr)
(Withdrew cash from the business bank account for petty expenses)
Cash (Dr)
Bank Loan (Cr)
(Secured a new loan from the bank for expansion purposes)

Bank (Dr)
Cash (Cr)
(Deposited cash into the business bank account)
Utilities Expense (Dr)
Cash (Cr)
(Paid for utility bills in cash)
Office Supplies (Dr)
Accounts Payable (Cr)
(Purchased office supplies on credit from ABC Stationery)
Cash (Dr)
Sales (Cr)
(Sold goods to Ali Rehman & Co. for cash)
Cash (Dr)
Unearned Revenue (Cr)
(Received advance payment from a client for future services)
Car Insurance Expense (Dr)
Bank (Cr)
(Issued a cheque for car insurance)
Petty Cash (Dr)
Bank (Cr)
(Withdrew cash from the business bank account for petty expenses)
Cash (Dr)
Bank Loan (Cr)
(Secured a new loan from the bank for business expansion)
Legal Fees Expense (Dr)
Cash (Cr)
(Paid for legal fees related to a new contract in cash)
Business Safia's Cupcake

Folio DEBIT Credit

5000000
5000000

20000
20000

40000
40000

5000
5000

20000
20000

4000
4000

45000
45000

75000
75000

13500
13500

16100
16100

45000
45000

900
900
50000
50000

60000
60000

5000
5000

46100
46100

50000
50000

20000
20000

15000
15000

5000
5000

50000
50000

8000
8000

50000
50000

40000
40000

15000
15000

40000
40000

500000
500000

5200
5200

300000
300000

1500
1500

12000
12000

5500
5500

25000
25000

20000
20000

9000
9000

5200
5200

8000
8000

80000
80000

8000
8000

70000
70000

60000
60000

50000
50000

30000
30000

12000
12000

40000
40000

120000
90000
30000

60000
60000

50000
50000

3000
3000

2500
2500

20000
20000

500
500

25000
25000
1200
1200

35000
35000

4000
4000

8000
8000

20000
20000

2000
2000

3000
3000

18000
18000

3000
3000

6000
6000

40000
40000

10000
10000

3500
3500

20000
20000

2000
2000

4000
4000

7000
7000

12000
12000

4000
4000

22000
22000

45000
45000

14000
14000

8000
8000

50000
50000

8000
8000

150000
150000

35000
35000
50000
50000

20000
20000

40000
40000

12000
8000
4000

8000
8000

5000
5000

80000
80000

50000
50000

3000
3000

2500
2500

25000
25000

15000
15000

6000
6000

9000
9000
120000
120000

5000
5000

8246200 8246200

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