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Is the entry & figures in b & s and p & l are correct

Accounting Entries 329 views 1 replies

Particular                                                                                Debit                    Credit

  1. By ABC Company                                                        10000.00

         To Job Work                                                                                            10000.00

 

  1. By TDS Deduction                                                        100.00

          By EPF & ESIC Deduction Employee                            400.00

          By EPF & ESIC Deduction Employer                            400.00

          To ABC Company                                                                                   900.00

 

  1. By Cash                                                                      9100.00

         To ABC Company                                                                                   9100.00

 

  1. By Wages                                                                    4000.00

          To Ravi                                                                                                 2000.00

          To Samar                                                                                              2000.00

 

 

  1. By Ravi                                                                       2000.00

         To EPF & ESIC Deduction Employee                                                      200.00

         To Cash                                                                                               1800.00

 

 

  1. By Samar                                                                   2000.00

         To EPF & ESIC Deduction Employee                                                        200.00

         To Cash                                                                                                  1800.00

 

 

                                                    Profit & Loss Statement

 

             Expenses                                                                    Income

 

   Wages                                                 4000.00       Job Work                       10000.00

   EPF & ESIC Deduction Employer          400.00

   Net Profit                                           5600.00

 

                                  Balance & Sheet

  Liabilites                                                                                Assets

Net Profit                              5600.00                  Cash                                5500.00

                                                                          TDS                                100.00

Total                                     5600.00                  Total                                5600.00

 

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