Zain Traders
Financial Year (January to December)
Opening Balances as at january 01,2024
Sr.No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Particulars
Debit
Debtors (Recievable)
Creditors (Vendors)
Stock (Inventory)
Land & Buildings
Acc. Dep of land and Building
Motor Vehicle
Acc. Dep of Motor Vehicle
Machinery
Acc. Dep of Machinery
Cash
Standard Charted Bank
United Bank Ltd
Capital Invested (Owners Equity)
Accrued expenses
Credit
150,000
350,000
900,000
850,000
130,000
450,000
72,000
290,000
58,000
694,730
1,867,410
276,399
4,800,000
68,539
Total
5,478,539
5,478,539
Customer Details
Sr.No
1
2
3
Names
Balances
Bashir
Abu Bakar
Mubarik
50,000
60,000
40,000
150,000
Total
Vendor Details
Sr.No
Names
1
2
Danial
Shahid
Balances
100,000
250,000
350,000
Total
Inventory Details
Sr.No
Particulars
Quantity
Rate
1
2
3
4
Corolla Wind Screen
Civic head Lights
Suzuki Wheel Cups
Suzuki Rear Lights
40
10
40
100
12000
35000
250
600
Date
Transactions During the Month
Amount
480,000
350,000
10,000
60,000
Total
Amount
900,000
Source
Document
Jan 03,2024 Purchased Furniture by giving cash
Advance Rent Paid For 6 Months by Cash @5000 per
Jan 04,2024 Month
200,000 Jounal Entry
Jan 04,2024 Security Deposit paid by Cash for shop taken on rent
Jan 06,2024 Paint and Renovation Expenses of Shop taken on rent
30,000 Jounal Entry
5,000 Jounal Entry
30,000 Jounal Entry
Jan 07,2024 Mr. Mubarik paid all previous balance by Cash
Purchased Following items from Mr.Danial
Items
Quantity
Rate
Corolla Wind Screen
20
12000
Jan 08,2024
Civic Head Lights
20
35000
Suzuki Wheel Cups
50
250
Suzuki Filters (New Item)
70
250
Purchased Following Item from Mr.Majid (New Vendor)
Items
Quantity
Rate
Jan 09,2024
Corolla Wind Screen
50
12000
Civic Head Lights
30
35000
Suzuki Filters
100
250
Jan 11,2024 Cash Sales, Corolla Screen
1
15000
Jan 12,2024 Received cash in Advance from Abu Bakar
Received Sale Order from Abu Bakar (order No.55)
Items
Quantity
Rate
Jan 12,2024
Corolla Wind Screen
12
15000
Civic Head Lights
10
47000
Suzuki Filters
5
400
Sales made of Following item to Mr. Bashir
Items
Quantity
Rate
Jan 14,2024
Corolla Wind Screen
5
16000
Civic Head Lights
10
46000
Suzuki Filters
4
450
Raised Purchase Order to Mr.Shahid (Order No. 49)
Items
Quantity
Rate
Jan 17,2024
Corolla Wind Screen
25
12000
Civic Head Lights
30
54000
Suzuki Wheel Cups
20
504
Mr. Bashir Didn't paid the due amount, thus treated bad
Jan 17,2024 Debts
Packing Charges Invoice received from Mr.Ali (New
Jan 18,2024 Vendor)
Jan 18,2024 Paid Mr.Ali by Cheque of Standard Charted Bank
40,000 Reciept Voucher
Amount
Purchase Invoice
240,000 Purchase Invoice
700,000 Purchase Invoice
12,500 Purchase Invoice
17,500 Purchase Invoice
Amount
Purchase Invoice
600,000 Purchase Invoice
1,050,000 Purchase Invoice
25,000 Purchase Invoice
15,000 Sale Invoices
378,000 Reciept Voucher
Amount
Sale Order
180,000 Sale Order
470,000 Sale Order
2,000 Sale Order
Amount
Sale Invoice
80,000 Sale Invoice
460,000 Sale Invoice
1,800 Sale Invoice
Amount
Purchase Order
300,000 Purchase Order
1,620,000 Purchase Order
10,080 Purchase Order
591,800 Reciept Voucher
45,000 Purchase Invoice
30,000 Payment Voucher
Jan 19,2024 Send all Items to Mr.Abu Bakar against previous sale order (S.O No. 55)
Sale Invoice
Returned 10 Corolla Wind Screens to Mr.majid (Purchase Returns) @Rs
Jan 22,2024 12000 per Unit
Debit Note
Returned 5 Civic Headlights by Mr.Abu Bakar (Sale Returns) @Rs 47000 per
Jan 24,2024 Unit
Credit Note
Mr.Shahid Sent all items against previously issued purchase order (P.O No.
Jan 26,2024 49)
Purchase Invoice
Inventory
Jan 27,2024 One Corolla wind screen Damaged during Loading/Unloading @ 12000
Adjustment
Rent Expense for Jan adjusted from Advance rent Account for an amount of
Jan 31,2024 Rs.5000
Journal Entry
Prepared by SAAD NADEEM
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