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Accounting for Managers
Notes (ix) Feb 2, 2010 Interim Cash Dividend received
Feb 2, 2010 Cash A/c Dr 3,000
To Interim Dividend 3,000
Being cash interim dividend received
(x) Feb 8, 2010 Cash withdrawn from bank 2,000
Feb 8, 2010 Cash A/c Dr 2,000
To Bank 2,000
Being cash withdrawn from the bank
List out the various accounts that are involved in the enterprise during the year.
(i) Cash Acccount (ii) Sundar Capital Account
(iii) Purchase Account (iv) Sales Account
(v) Mittal & Co. Account (vi) Ganesh & Co Account
(vii) Sales Return Account (viii) Purchase Return Account
(ix) Office Rent Account (x) Interim Dividend Account
(xi) Bank Account
Dr Cash Account Cr
Date Particulars Date Particulars
Jan 1 To Sundar Capital 50,000 Jan 2 By Purchase 10,000
Jan 5 To Sale 5,000 Jan 31 By Office Rent 500
Feb 2 To Interim Dividend 3,000 By Balance c/d 49,500
Feb 8 To Bank 2,000
60,000 60,000
To balance B/d 49,500
Notes Debit side total is greater than the credit side total of the cash account. After
determining the difference, the cash account is nothing but Debit Balance Account.
Dr Sundar Capital Account Cr
Date Particulars Date Particulars
To Balance c/d 50,000 Jan 1 By Cash 50,000
50,000 50,000
By Balance B/d 50,000
28 LOVELY PROFESSIONAL UNIVERSITY
