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Tally Example – 23

EXAMPLE 23

1 Feb 2007 to 16 Feb 2007

  1. Sunil Started Business with Cash 50000, Furniture 30000 and Stock 40000
  2. Deposited into Bank 30000
  3. Goods Worth Rs. 10000 and Cheque for Rs. 25000 Given away as Charity to Corona Fund
  4. Goods destroyed by Fire Rs. 10000
  5. Claim of Rs. 8000 accepted by Insurance Company
  6. Received Cash from Insurance Company
  7. Sold Goods to Ravi Rs. 6000, allowed 6% trade Discount and 2% Discount, half an amount Received on the same day.
  8. Purchase Goods from Suresh Rs. 10000, 10% trade Discount and 4% Discount, half an amount paid on the same day.
  9. Paid Wages Rs. 300, Salary Rs. 15000 and Interest Rs. 2000
  10. Purchase Furniture from Nalanda Furniture Mart for Rs. 15000 and paid half amount
  11. Sold Goods costing Rs. 10000 for Rs. 15000
  12. Purchase Goods from Naresh Rs. 10000 for Cash and Rs. 15000 on Credit.
  13. Paid to Naresh Rs. 14700 in Full Settlement.
  14. Sold Goods to Yogesh Costing Rs. 10000 at 30% Profit on Cost
  15. A Debtor Became Insolvent and he paid Rs. 1500 only against his debt of Rs. 3000
  16. Received a Cheque for Rs. 7850 in full Settlement of his account of Rs. 8000 from Naveen.

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