Accounting Book

To get an understanding and feel of the process of accounting, let us go through an example of an organisations accounting consisting of a few transactions during an accounting period.

Following are the transactions relating to M/s Trinity Foods, over an accounting period from 1st June 2005 to 30th June 2006.

▪ Started business with Capital Tk. 1,00,000 ▪ Paid into Bank Tk. 10,000 ▪ Bought Furniture and paid cash Tk. 25,000 ▪ Bought goods for cash Tk. 50,000 ▪ Bought goods from Ram on Credit Tk. 15,000 ▪ Sold a part of the goods for Tk. 75,000 and paid the proceeds into bank directly ▪ Sold the remaining goods on credit for Tk. 50,000 to Rahim ▪ Paid Salaries and Wages Tk. 5,000 ▪ Paid rent by cheque Tk. 8,000

|Date |
|Particulars |
|L/F |
|Debit Amount |
|(in Tk.) |
|Credit Amount |
|(in Tk.) |
| |
|1st to 30th |
|Cash