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Tally Exercise 2

This document contains the transactions of a business for the periods 10-4-2000 to 16-4-2000 and 26-4-2000. It lists assets, liabilities, purchases, sales, expenses and other transactions of the business. Items include purchasing and selling rice and groundnuts, issuing and receiving cheques, withdrawing and paying cash, and accounting for depreciation, interest, bad debts and other expenses.

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RAMESH
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103 views3 pages

Tally Exercise 2

This document contains the transactions of a business for the periods 10-4-2000 to 16-4-2000 and 26-4-2000. It lists assets, liabilities, purchases, sales, expenses and other transactions of the business. Items include purchasing and selling rice and groundnuts, issuing and receiving cheques, withdrawing and paying cash, and accounting for depreciation, interest, bad debts and other expenses.

Uploaded by

RAMESH
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Mo

Prob 2
PARTICULARS
CAPITAL
FIXED ASSETS :VEHICLE

DR

LAND

38,000

MACHINERY

40,000

CR
4,25,000

48,000

SUNDRY CREDITORS :D.PRASADA RAO

1,20,000

PRASANA TRADERS

1,00,000

MEENAKSHI &CO

40,000

RAMA TRADERS

50,000

LAKSHMI RICE MERCHANTS

60,000

DURGA DALL MILL

70,000

SUNDRY DEBTORS
HARITHA TRADERS

1,30,000

VIJAYA LAKSHMI TRADERS

1,00,000

DIVYA TRADERS

2,40,000

RR.TRADERS

1,00,000

SBI A/C

1,30,000

CASH IN HAND

39,000
8,65,000

10-4-2000
1. PURCHASED RICE 420 KGS @13/- FROM D.PRASADA RAO

8,65,000

2. RICE SALES TO MR.HARI BABU FOR CASH 100KGS@18/3. RICE SALES TO HARITHA TRADERS 170KGS18/4. RICE SALES TO VIJAYA LAKSHMI TRADERS 125KGS@18/5. CREDIT NOTE ISSUED TO VIJAYALAKSHMI TRADERS FOR SALES RETURNS
25 KGS @ 18/6. RECEIVED CHEQUE FROM HARITHA TRADERS 1,30,000/7. RECEIVED CHEQUE FROM VIJAYA LAKSHMI TRADERS 1,00,000/8. RECEIVED CHEQUE FROM DIVYA TRADERS 2,00,000/9. CHEQUE ISSUED TO D.PRASADA RAO 1,25,460/-

10.CHEQUE ISSUED TO PRASANA TRADERS 1,00,000/11.CHEQUE ISSUED TO MEENAKSHI &CO 40,000/12.CASH PAID TO HAMALIES 420/13.CASH PAID TO SALARIES 600/14. CASH PAID VECHICLE MAINTAINANCE 170/15. CASH PAID TO TELEPHONE CHARGES 100/16. CASH PAID TO SADARA 80/16-4-2000

17. PURCHASED GROUND NUTS FROM PRASANA TRADERS 700KGS @12/18. PURCHASED GROUND NUTS 840KGS@11/19. PURCHASED RICE 1000KGS@11/20. PURCHASED RICE FROM RAMA TRADERS 1140KGS@12/21. ISSUED DEBIT NOTE TO RAMA TRADERS FOR THE SHORTAGE OF 40KGS
22. WITHDRAWN CASH FROM BANK 90,000/23. CASH PAID TO RAMA TRADERS 50,000/24. CASH PAID TO LAKSHMI RICE MAERCHANTS 60,000/25. CHEQUE ISSUED TO DURGA DALL MILL 70,000/26-4-2000
25. GROUND NUTS SOLD TO MR.PRABHAKARA RAO 100KGS@20/-

26. GROUND NUTS SOLD TO JAYA TRADERS 600KGS @21/27. CREDIT NOTE ISSUED TO JAYA TRADERS FOR SALES RETURNS 50 KGS @ 21/28. GROUND NUTS SOLD 240KGS @18/29. DEBIT NOTE ISSUED TO PRASANNA TRADERS FOR SHORTAGE OF 10KGS
30. RICE SOLD 500KGS @18/31. CASH PAID TO HAMALIES 300/32. CASH PAID TO TRAVELLINGS 250/33. CASH PAID TO CURRENT BILL 460/34. CASH PAID TO RENT 800/35. CASH PAID LICENCE 900/36. CASH RECEIVED FROM PRABHAKAR RAO 2,000/37. CHEQUE RECEIVED FROM JAYA TRADERS 12,600/38. CHEQUE ISSUED TO PRASANNA TRADERS 8,280/39. INTERST PAID TO DURGA DALL MILL 240/40. INTEREST ON CAPITAL 600/-

41. DEPRICIATION ON VEHICLE 5%


42. APPRICIATION ON LAND 2%
43. DEPRICIATION ON MACHINERY 2%
44. BADDEBTS FROM DIVYA TRADERS 5,000/45. RECEIVED CHEQUE FROM DIVYA TRADERS 35,000/46. RECEIVED CHEQUE FROM RR TRADERS 1,00,000/47. RESERVE FOR BADDEBTS ON DEBTORS 2%

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