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Tally Example – 21

EXAMPLE 21

1 May 2007 to 14 May 2007

  1. Received a Cheque from Mahesh For Rs. 6450 and allowed him Discount Rs. 150
  2. Purchase Machinery for Rs. 50000, Payment Made by Cheque and Installation Charge Rs. 3000 paid by Cash
  3. Sold Goods to Mahendra at a List Price 30000, Trade Discount 10% and Cash Discount 5%. He Paid Full Amount Same Day.
  4. Sold Goods for Rs. 10000 and Collected 10% Sales Tax.
  5. Goods Worth Rs. 2000 and Cash Rs. 5000 were Stolen.
  6. Opened an Account in Dena Bank Rs. 50000
  7. Withdraw Cash from Bank Rs. 10000 for Office use and Rs. 5000 for Personal Use.
  8. Purchase Postal Stamp Rs. 50
  9. Additional Cash Introduced by Proprietor Rs. 20000
  10. Purchase Goods from Ravi for Rs. 20000 and payment was made by Cheque
  11. Sold ¼ of the above goods at a Profit of 25% on Cash
  12. Received an Order for Rs. 20000 from Rohit for Supply of Goods and Received Rs. 5000 as an Advance with the Order.
  13. Sold Goods to Neha for Rs. 5000
  14. Neha Became Insolvent and Paid only 40% Rupees.

EXAMPLE 22

1 March 2008 to 14 March 2008

  1. Cash in hand 11000, Cash at Bank 50000, Mohan Dr 5000, Dinesh Dr 15000, Ramesh Cr 10000, Goods 40000, Capital 97000 Rs.
  2. Sold Goods to Mahesh 20000
  3. Mahesh Returned ¼ Goods Sold to Him
  4. Mahesh Settled his Account after deducting 10% Discount.
  5. Received Rs. 100 from sale of Old Newspaper and Magazines
  6. Received Cash from a Debtor previously written off as Bad Debts Rs. 2000
  7. Goods Given away Free to a Hospital Rs. 1000
  8. Paid Self Insurance Premium Rs. 8000
  9. Paid Carriage Rs. 300
  10. Received a Cheque from Shyam for Rs. 1800 and Discount allowed Rs. 200
  11. Shyam’s Cheque Deposited into Bank
  12. Paid Electricity Bill for Rs. 2000 and Other Expenses Rs. 10000
  13. Withdraw from Bank for Personal Use 2000
  14. Borrowed from Bank Rs. 50000

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