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Class Note

reagarding research

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bhmpramod
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2 views

Class Note

reagarding research

Uploaded by

bhmpramod
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Based on the given trial balance and additional information from the image, here's

how a worksheet can be prepared:

Step 1: Prepare the Trial Balance in a Worksheet


Format

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Copy code
Trial Balance as of 31st Chaitra

Particulars | Debit (Rs.) | Credit (Rs.)


--------------------------------------------------------------
Office Equipment | 180,000 |
Cost of Goods Sold | 121,000 |
Cash | 25,000 |
Debtors | 25,000 |
Administrative Expenses | 24,000 |
Salaries | 24,000 |
Marketing Expenses | 18,000 |
Capital | | 152,000
Creditors | | 25,000
Sales | | 230,000
Unearned Income | | 5,000
--------------------------------------------------------------
Total | 432,000 | 432,000

Step 2: Adjustments
 Salary Payable: Rs. 6,000 needs to be adjusted as an outstanding salary.
 Unearned Income: Rs. 4,000 of unearned income has been earned.

Step 3: Adjusted Trial Balance

Debit Credit
Adjustments
(Rs.) (Rs.)
Salary Payable (Outstanding) 6,000
Unearned Income (Earned
4,000
portion)

Step 4: Worksheet Columns

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| Trial Balance | Adjustments | Adjusted Trial Balance |
Income Statement | Balance Sheet
------------------------------------------------------------------------------------------------------
---
Particulars | Debit/Credit| Debit/Credit| Debit/Credit |
Debit/Credit | Debit/Credit
------------------------------------------------------------------------------------------------------
---
Office Equipment | 180,000 | | 180,000 |
| 180,000
Cost of Goods Sold| 121,000 | | 121,000 |
121,000 |
Cash | 25,000 | | 25,000 | |
25,000
Debtors | 25,000 | | 25,000 | |
25,000
Administrative Exp| 24,000 | | 24,000 | 24,000
|
Salaries | 24,000 | 6,000 | 30,000 | 30,000
|
Marketing Exp | 18,000 | | 18,000 | 18,000
|
Capital | | | | | 152,000
Creditors | | | | | 25,000
Sales | | 4,000 | (226,000) | (226,000)
|
Unearned Income | | | | |
1,000
------------------------------------------------------------------------------------------------------
---
Totals | 432,000 | 10,000 | 442,000 | (33,000)
| 383,000
------------------------------------------------------------------------------------------------------
---

This worksheet aligns the trial balance with the required adjustments, creating
columns for both the income statement and the balance sheet based on the provided
information.

4o

You said:

Make it in a very simple format


ChatGPT said:

ChatGPT

Here's a simplified version of the worksheet:

Trial Balance (as of 31st Chaitra)

Debit Credit
Particulars
(Rs.) (Rs.)
Office Equipment 180,000
Debit Credit
Particulars
(Rs.) (Rs.)
Cost of Goods Sold 121,000
Cash 25,000
Debtors 25,000
Administrative
24,000
Expenses
Salaries 24,000
Marketing Expenses 18,000
Capital 152,000
Creditors 25,000
Sales 230,000
Unearned Income 5,000
Total 432,000 432,000

Adjustments:

1. Salary Payable: Rs. 6,000


2. Unearned Income Earned: Rs. 4,000

Adjusted Trial Balance:

Debit Credit
Particulars
(Rs.) (Rs.)
Office Equipment 180,000
Cost of Goods Sold 121,000
Cash 25,000
Debtors 25,000
Administrative Expenses 24,000
Salaries (Adjusted) 30,000
Marketing Expenses 18,000
Capital 152,000
Creditors 25,000
Sales (Adjusted) 226,000
Unearned Income
1,000
(Adjusted)
Total 443,000 443,000

This simplified worksheet includes the necessary adjustments for salaries and
unearned income.

4o

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