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Tally Example – 19

EXAMPLE 19

1 April 2006 to 16 April 2006

  1. Kavita Started Business with Cash Rs. 100000 and Goods Worth Rs. 200000
  2. Sold Goods to Mahesh on Credit Rs. 6000, 10% Trade Discount, 3% Discount
  3. Paid Carriage Rs. 500 for Sending Goods to Mahesh which has to be realised from Mahesh Account
  4. Bought Goods from Gopal Rs. 7000 and Paid half amount immediately
  5. Goods Worth Rs. 6000 Destroyed by fire
  6. Claim Accepted by Insurance Company for Rs. 4500
  7. Received half amount from Mahesh.
  8. Claim Amount Received from Insurance Company
  9. Bought Goods from Mohan Lal for Cash Rs. 20000 and on Credit Rs. 10000
  10. Purchase Machinery for Rs. 25000 and Paid Installation Charges Rs. 1000
  11. Stationary Purchase 1500 and Paid by Cheque
  12. Paid Rent by Cheque 2000
  13. Sold Goods to Sunita Rs. 10000 and allowed 10% Rebate
  14. Half Amount Received from Sunita
  15. Purchased Two Motorcycle @ Rs. 25000 each one of personal Use and another for Business Use
  16. Sunita Became Insolvent and Received 40% Only from her as Final Account

EXAMPLE 20

1 Feb 2010 to 15 Feb 2010

  1. Started Business with Rs. 6 Lakh, paid into Bank 4 Lakh therefrom.
  2. Received Rs. 3000 being Rent for building
  3. Received a Cheque from Ramesh for Rs. 6450 and allowed him discount 150 Rs.
  4. Sold Goods to Krishna at a List Price 3000, Trade Discount 10% and Cash Discount 5%. He Paid Full Amount Same Day.
  5. Bought Shares in Reliance Industries Limited for Rs. 60000 and Paid Brokerage @1.5%. All Payments Made by Cheque.
  6. Received an Order of Goods of Rs. 75000 from Akash.
  7. ATM Charges Charged by Bank 100
  8. Akash’s Order was executed and cartage Rs. 2000 was paid.
  9. Goods Destroyed by fire, Cost Price Rs. 15000 and Selling Price 20000
  10. Salaries Paid Rs. 18000 and Salary Outstanding Rs. 12000
  11. Paid Income Tax Rs. 2000 and Sales Tax Rs. 5000
  12. Amount of Rs. 25000 Received from Mohan Which were previously written off as Bad Debts.
  13. Sold Goods to Ruchi Rs. 500 and Carriage Paid Rs. 5 on above to be charged from Ruchi.
  14. Paid for the Repair of Residential house Rs. 2200
  15. Purchased an Old Machinery Rs. 2300 and Paid Rs. 500 on Carriage and for Repairs Rs. 700

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