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XI CBSE Project

The document provides guidance for a CBSE school project where students select a business and complete imaginary accounting for it. It lists 25 options for businesses and 12 required parts for the project work. An example story is given about a student starting a coffee shop. Transactions are listed that could be included along with adjustments. A list of 33 expense items is also provided.

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jainshabana47
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68 views

XI CBSE Project

The document provides guidance for a CBSE school project where students select a business and complete imaginary accounting for it. It lists 25 options for businesses and 12 required parts for the project work. An example story is given about a student starting a coffee shop. Transactions are listed that could be included along with adjustments. A list of 33 expense items is also provided.

Uploaded by

jainshabana47
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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XI CBSE comprehensive Project

Selecting a business and do complete Accounting on imaginary figure

Give a list of options to the students to select a business form. You can add to the given list:

1. A beauty parlour 10. Men's wear 19. A coffee shop


2. Men's saloon 11. Ladies wear 20. A music shop
3. A tailoring shop 12. Kiddies wear 21. A juice shop
4. A canteen 13. A Saree shop 22. A school canteen
5. A cake shop 14. Artificial jewellery shop 23. An ice cream parlour
6. A confectionery shop 15. A small restaurant 24. A sandwich shop
7. A chocolate shop 16. A sweet shop 25. A flower shop
8. A dry cleaner 17. A grocery shop
9. A stationery shop 18. A shoe shop

After selection, advise the student(s) to visit a shop in the locality (this will help them to settle on a realistic
amounts different items. The student(s) would be able to see the things as they need to invest in furniture, decor,
lights, machines, computers etc.

Sr No. Particulars Remarks


1. Acknowledgment
2 Certificate
3 Index
4 Story One page
5 Business Transactions 40 to 50
6 Journal
7 Ledger
8 Trial Balance
9 Final A/c
10 Conclusion – Bibliography Details of profit and loss
details of Assets
Liabilities
11 Bar chart
Pie chart of Income- expenses
Assets – Liabilities
Example of Story

Kavya was always helping her parents and grand parents in their house hold stuff. Her Grand mother is
excellent cook. Learning art of cooking was very natural to her. She always want to be a renowned chef
from her school days and hence after graduating in commerce she decided to start a coffee shop and to
serve various hot and cold coffee from the recipe book of her Grand mother.

She arranged Rs. 1,00,000 from her Father and 50,000 from her pocket money savings. She rented a
shop near her school to attract her school mates as a customer. She gave Rs.30,000 as deposit to
landlord and spent Rs.40,000 on interior. She need to buy coffee making machines of Rs.3,00,000 and
needed working capital of Rs.1,00,000 so she applied for a bank loan of Rs.4,00,000 which was approved
by bank at rate of 10% P.a.

Transactions:

April
1. -> started business by bringing cash.
2. -> open Bank A/c with …… Bank
3. -> Took bank loan with …....Amt with….. rate of interest.
4. -> Purchase Computer/Plant and Machinery/Furniture …….. by paid in cheque.
5. -> took premises for rent and paid ……. deposit.

Every month
1. Purchase/sale in cash / credit with GST.
2. Receipt/ Payment of credit transaction by cash/ cheque.
3. Salary paid in cash.
4. Rent paid in cash.
5. Few purchase return/ sales Return/ Commission Received Discount received or allowed.

Total Cash Purchase 4 cash Sales 4


Credit purchase 4 Credit sales 4 Two Creditors
Salary 11 Purchase Return 2 Two Debtors
Rent 11 Sales Return 2
Discount Allowed 2 Disc. Received 2
Commission Received 2
Adjustments:

1. Closing Stocks
2. Dep. On furniture – computer
3. Bad- debt Res. On debtors
4. O/s Commission
5. O/s int on bank loan.
6. O/s salary and rent for one month
A suggested list of different item is given below.

1. Rent 19. Wages and Salary


2. Advance rent [approximately three months] 20. Newspaper and magazines
3. Electricity deposit 21. Petty expenses
4. Electricity bill 22. Tea expenses
5. Electricity fitting 23. Packaging expenses
6. Water bill 24. Transport
7. Water connection security deposit 25. Delivery cycle or a vehicle purchased
8. Water fittings 26. Registration
9. Telephone bill 27. Insurance
10. Telephone security deposit 28. Auditors fee
11. Telephone instrument 29. Repairs & Maintenance
12. Furniture 30. Depreciations
13. Computers 31. Air conditioners
14. Internet connection 32. Fans and lights
15. Stationery 33. Interior decorations
16. Advertisements 34. Refrigerators
17. Glow sign 35. Purchase and sales
18. Rates and Taxes

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