Mazco Trading Company

10

11

12

13

14

PARTICULARS
INVENTORY ACCOUNT
A/C PAYABLE ACCOUNT
(BOUGHT MONITORS @85 LESS 2 PERCENT )
OFFICE EXPENSES ACCOUNT
CASH ACCOUNT
(PAID EXPENSES OF TELEPHONE AND ELECTRICITY )
SECURITY AGENCY ACCOUNT
BANK ACCOUNT
(BILL OF SECURITY AGENCY IS PAID)
A/C RECEIVABLE ACCOUNT
INVENTORY ACCOUNT
(160 MONITORS SOLD @130 LESS 1.5 PERCENT)
COST OF GOOD SOLD ACCOUNT
INVENTORY ACCOUNT
(BEING COST OF GOODS SOLD )
BANK ACCOUNT
A/C RECEIVABLE ACCOUNT
(RECEIVE CHEQUE FROM SELL FAST INC)
SALARIES ACCOUNT
BANK ACCOUNT
(SALARIES PAID)
OFFICE EQUITY ACCOUNT
A/C PAYABLE ACCOUNT
(PURCHASE SHREEDING MACHINE FROM SALES DEPT)
BANK CHARGES ACCOUNT
CASH ACCOUNT
(BANK CHARGES PAID IN CASH)
EDP SOFTWARE ACCOUNT
A/C PAYABLE ACCOUNT
(PURCHASE SOFTWARE FROM LINKAGE INC)
ENTERTAINMENT BILL ACCOUNT
BANK ACCOUNT
(PAID ENTERTAINMENT BILL )
INVENTORY ACCOUNT
ACCOUNTS PAYABLE ACCOUNT
(RECORDED PURCHASES OF 100 HARD DISK
CASH ACCOUNT
ACCOUNTS RECEIVABLE ACCOUNT
(RECEIVE CASH FROM ACCOUNT RECEIVABLE)
ACCOUNT RECEIVABLE ACCOUNT
SALES ACCOUNT

15

16

17

18

19

20

21

22

23

24

25

26

(SOLD GOODS @ 40 EACH)

INVENTORY ACCOUNT
ACCOUNT PAYBLE
(BOUGHT 200 TABLES @ 180)
ACCOUNT RECEIVABLE ACCOUNT
SALES ACCOUNT
(SOLD 150 TABLES @110)
COST OF GOOD SOLD ACCOUNT
INVENTORY ACCOUNT
(RECORDED COST OF 150 TABLES @110)
OFFICE EQUIPMENT
ACCOUNT PAYBLE ACCOUNT
(BOUGHT OFFICE EQUIPMENT FOR 600)
ADVERTISING ACCOUNT
BANK ACCOUNT
(SETTLE INVOICE OF ADVERTISING
SALARIES ACCOUNT
BANK
(SALARIES FOR MAY )
ACCOUNT PAYABLES
BANK ACCOUNT
(RECORDED SETTLEMENT OF INVOICE)
CASH ACCOUNT
EQUITY ACCOUNT
(CASH RECEIVED FROM SALES OF EQITY )
SUPPLIES ACCOUNT
ACCOUNT PAYABLES
(RECEICE INVENTORY FROM ACCOUNT PAYABLE)
ACCOUNT RECEIVABLE ACCOUNT
SALES ACCOUNT
(SALES TO ACCOUNT RECEIVABLE)
REVENUE ACCOUNT
RETAINED EARNING
(RECEIVE EARNING FROM INVESTMENTS)
RETAINED EARNING
DIVIDENTS
(RETAINED EARNING FROM DIVIDENTS)

Company
L/F

DEBIT $
$16,660

CREDIT$
16660

18000
18000
$900
$900
$20,488
$20,488
$13,328
$13,328
$90,000
$90,000
$9,000
$9,000
$1,500
$1,500
$500
$500
$2,000
$2,000
$3,500
$3,500
10780
10780
2955
2955
4000
4000

16000
16000
16500
16500
12000
12000
600
600
2000
2000
25000
25000
5000
5000
13000
13000
1800
1800
5000
5000
95000
95000
31200
31200

INVENTORY ACCOUNT MONITORS

DATE

PARTICULARS
A/C PAYABLE ACCOUNT
A/C PAYABLE ACCOUNT
A/C PAYABLE ACCOUNT

J.F

BALANCE C/F
totL

AMOUNT$
16660
10780
16000

DATE

2376
45816

A/C PAYABLE ACCOUNT

DATE

PARTICULARS
BANK ACCOUNT

J.F

AMOUNT$
5000

BALANCE C/F

44340

total

49340

DATE

CCOUNT MONITORS
PARTICULARS
A/C RECEIVABLE ACCOUNT
COST OF GOOD SOLD ACCOUNT
COST OF GOOD SOLD ACCOUNT

J.F

AMOUNT$
20488
13328
12000

45816
2376

BALANCE B/F

BLE ACCOUNT
PARTICYLARS
INVENTORY ACCOUNT
OFFICE EQUIPMENT ACCOUNT
EDP SOFTWARE ACCOUNT
INVENTORY ACCOUNT
INVENTORY ACCOUNT
OFFICE EQUIPMENT ACCOUNT
SUPPLIES

BALANCE B/F

J.F

AMOUNT$
16660
1500
2000
10780
16000
600
1800

49340
44340

OFFICE EXPENSES ACCOUNT

DATE

PARTICULARS
CASH ACCOUNT

J.F

AMOUNT
18000

DATE

PARTICULARS

balance c/f
total
BALANCE B/F

18000
18000

CASH ACCOUNT
DATE

PARTICULARS
ACCOUNT RECEIVEABLE
EQUITY ACCOUNT

BALANCE C/F
TOTAL

J.F

AMOUNT
2955
13000

DATE

PARTICULARS
OFFICE EXPENSES ACCOUNT
BANK CHARGES ACCOUNT

2545
18500
BALANCE B/F

J.F

AMOUNT

18000
18000

J.F

AMOUNT
18000
500

18500
2545

SECURITY BILL ACCOUNT

DATE

PARTICULARS
BANK ACCOUNT

J.F

$
$900

DATE

PARTICULARS

BALANCE C/F
TOTAL
BALANCE B/F

900
900

BANK ACCOUNT
DATE

PARTICULARS
A/C RECEIVABLE ACCOUNT

J.F

$
90000

DATE

PARTICULARS
SECURITY AGENCY ACCOUNT
SALARIES ACCOUNT
ENTERTAINMENT BILL ACCOUNT
ADVERTISING
SALARIES ACCOUNT
ACCOUNT PAYABLE
BALANCE C/F

TOTAL
BALANCE B/F

90000
44600

J.F

900
900

J.F

$
$900
$9,000
3500
2000
25000
5000
44600
90000

A/C RECEVABLE ACCOUNT

DATE

PARTICULARS
INVENTORY ACCOUNT
SALES ACCOUNT
SALES ACCOUNT
SALES ACCOUNT
SALES ACCOUNT
BALACE C/F
TOTLAL

J.F

AMOUNT
$20,488
4000
16000
16500
5000
30967
$92,955

DATE

PARTICULARS
BANK ACCOUNT
CASH ACCOUNT

J.F

BALANCE B/F

COST OF GOOD SOLDS ACCOUNT

DATE

PARTICULARS
INVENTORY ACCOUNT
INVENTORY ACCOUNT

J.F

AMOUNT
13328
12000

DATE

PARTICULARS

BALANCE C/F
TOTAL
BALANCE B/F

25328
25328

J.F

AMOUNT
90000
2955

92955
30967

AMOUNT

25328
25328

SALARIES ACCOUNT
DATE

PARTICULARS
BANK ACCOUNT
BANK ACCOUNT

J.F

AMOUNT
9000
25000

DATE

PARTICULARS

J.F

BALANCE C/F
TOTAL
BALANCE B/F

AMOUNT

34000
34000

34000
34000

OFFICE EQUIPMENT ACCOUNT

DATE

PARTICULARS
A/C PAYABLE
A/C PAYABLE

J.F

AMOUNT
1500
600

DATE

PARTICULARS

BALANCE C/F
TOTAL
BALANCE B/F

2100
2100

J.F

AMOUNT

2100
2100

BANK CHARGES ACCOUNT

DATE

PARTICULARS
CASH ACCOUNT

J.F

AMOUNT
500

DATE

PARTICULARS

J.F

BALANCE C/F
TOTAL
BALANCE B/F

500
500

EDP SOFTWARE ACCOUNT

DATE

PARTICULAR
A/C PAYABLE

J.F

AMOUNT
2000

DATE

PARTICULARS

BALANCE C/F
TOTAL
BALANCE B/F

2000
2000

J.F

AMOUNT

500
500

AMOUNT

2000
2000

ENTERTAINMENT BILL ACCOUNT

DATE

PARTICULARS
BANK ACCOUNT

J.F

AMOUNT
3500

DATE

PARTICULARS

J.F

BALANCE C/F
TOTAL
BALANCE B/F

3500
3500

SALES ACCOUNT
DATE

PARTICULARS

BALANCE C/F
TOTAL

J.F

AMOUNT

DATE

PARICULARS
ACCOUNT RECEIVABLE
ACCOUNT RECEIVABLE
ACCOUNT RECEIVABLE
ACCOUNT RECEIVABLE

41500
41500
BALANCE B/F

J.F

AMOUNT

3500
3500

AMOUNT
4000
16000
16500
5000

41500
41500

ADVERTISING ACCOUNT
DATE

PARTICULARS
BANK ACCOUNT

J.F

AMOUNT
2000

DATE

PARTICULARS

J.F

BALANCE C/F
TOTAL
BALANCE B/F

2000
2000

EQUITY ACCOUNT
DATE

PARTICULARS

J.F

BALANCE C/F
TOTAL

AMOUNT

DATE

PARTICULARS
CASH ACCOUNT

J.F

13000
13000
BALANCE B/F

DIVENDENTS ACCOUNT
DATE

PARTICULARS

J.F

AMOUNT

DATE

PARTICULARS
RETAINED EARNING

J.F

BALANCE C/F
TOTAL

31200
31200
BALANCE B/F

AMOUNT

2000
2000

AMOUNT
13000

13000
13000

AMOUNT
31200

31200
31200

SUPPLIES ACCOUNT
DATE

PARTICULARS
ACCOUNT PAYABLE

J.F

AMOUNT
1800

DATE

PARTICULARS

J.F

BALANCE C/F
TOTAL
BALANCE B/F

AMOUNT

1800
1800

1800
1800

REVENUE ACCOUNT
DATE

PARTICULARS
RETAINED EARNING

J.F

AMOUNT
95000

DATE

PARTICULARS

J.F

BALANCE C/F
TOTAL
BALACE B/F

AMOUNT

95000
95000

95000
95000

RETAINED EARNING
DATE

PARTICULARS

J.F

AMOUNT

DATE

PARTICULARS

J.F

AMOUNT

DIVIDENDENTS

31200

BALANCE C/F
TOTAL

63800
95000

REVENUE

95000

BALACE B/F

95000
63800

S.NO

PARTICULARS
1 INVENTORY ACCOUNT
2 ACCOUNT PAYABLE
3 OFFICE EXPENSES
4 CASH ACCOUNT
5 SECURITY BILL ACCOUNT
6 BANK ACCOUNT
7 ACCOUNT RECEIVABLE
8 COST OF GOOD SOLD
9 SALARIES ACCOUNT
10 OFFICE EQUIPMENT
11 BANK CHARGES
12 EDP SOFTWARE
13 ENTERTAINMENT BILL ACCOUNT
14 SALES ACCOUNT
15 DIVIDENTS
16 ADVERTISING ACCOUNT
17 SUPPLIES ACCOUNT
18 REVENUE ACCOUNT
19 RETAINED EARNING
20 EQUITY ACCOUNT
TOTAL

DEBIT

CREDIT
2376
44340

18000
2545
900
44600
30967
25328
34000
2100
500
2000
3500
41500
31200
2000
1800
95000
63800
13000
229728

229728

INCOME STATEMENT
As on DEC 31 2009
SALES
COST OF GOOD SOLD
GROSS Margin
operating cost
salaries
security bill
bank charges
advertising
entertainment bill
office expenses
supplies
net loss

31200
-25328
5872
34000
900
500
2000
3500
18000
1800
-58900
53028

Balance sheet for the year ended

non-current assets
office equipment
edp software
dividents
total non.current assets
current assets
account receivable
bank account
cash account
inventory account
equity
account payable
total non.current assets
total assets

2100
2000
31200
35300
30967
44600
2545
2376
-13000
-44340
23148
58448

capital +revenue +retained earning - net loss

revenue
retained earning
net loss

95000
63800
-53028