NAME UNDER NAME DR CR

capital capital 24000

cash in hand cash in hand 900
building fixed asset 2500
stock stock in hand 47000
sundry debtors sundry debtors 50000
commission paid indirect expenses 100
rent & taxes indirect expenses 3500
purchases purchases 70800
purchase return purcahase 1100
furniture fixed asset 4500
loan to suba loans liability 10000
discount allowed indirect expenses 4600
drawings capital 6000
bills receivable current assets 5200
cash at bank bank 12500
sales sales 128000
sales return sales 1000
salaries indirect expenses 9500
discount earned indirect income 4000
bank overdraft bank o/d 6000
bills payable current liability 4000
sundrry creditors sundry creditors 43000
travelling expness indirect expenses 2000
TOTAL 220100 220100

NAME UNDER NAME DR CR

land and building fixed assets 42000
machinery fixed assets 20000
purchase purchase 7500
1.4.2009 stock stock in hand 5760
sundry debtors sundry debtors 14500
patents current assets 40675
cash in hand cash in hand 540
cash at bank bank 2630
return inwards sales 680
wages direct expenses 8480
fuel & power direct expenses 4730
carriage on sales indirect expenses 3200
carrage on purchase
direct expenses 2040
salaries indirect expenses 15000
general expenses indirect expenses 3000
insurance indirect expenses 600
drawings capital 5245
capital capital 62000
sales sales 98780
return outwards purchase 500
sundry creditors sundry creditors 6300
bills payable current liability 9000
TOTAL 176580 176580
 NAME UNDER NAME DR CR
drawings capital 45000
goodwill current assets 90000
building fixed assets 60000
machinery fixed assets 40000
bills receivable current assets 6000
opening stock stock in hand 40000
purchases purchase 51000
wages direct expenses 26000
carriage outward indirect expenses 500
carriage inward direct expenses 1000
salaries indirect expenses 35000
rent indirect expenses 3000
discount indirect expenses 1100
repairs direct expenses 2300
bank bank 25000
cash cash in hand 1600
debtors sundry debtors 45000
bad debtors indirect expenses 1200
sales return sales 2000
furniture fixed assets 6000
advertising indirect expenses 3500
gneral expenses indirect expenses 450
capital capital 160000
bills payable current liablility 35000
creditors sundry creditors 70000
purchase return purchase 2650
sales sales 218000
TOTAL 485650 485650
 NAME UNDER NAME DR CR
capital capital 20000
sales sales 16000
sundry creditorssundry creditors 4500
furniture fixed assets 500
gneral expensesindirect expenses 800
commission indirect expenses 250
rent indirect expenses 450
bills receivable curretn assets 2900
sundry debtors sundry debtors 4400
buildings fixed assets 10000
stock 1.4.2009 stock in hand 6000
purchase purchase 2000
wages direct expenses 1000
cash in hand cash in hand 6500
cash at bank bank 1700
drawings capital 4000
TOTAL 40500 40500
* closing stock 4000
result: A/C INFORMATION - PROFIT& LOSS A/C / BALANCE SHEET
GROSS PROFIT RS.
NET PROFIT RS.
BALANCE SHEET RS.

NAME UNDER NAME DR CR

capital 108850
loan at 6% p.a 20000
sales 350000
interest 5640
sundry creditors 59000
commission recei 630
return outward 6430
investment 19000
furniture 500
commission 470
reparis 3620
bank balance 8800
petty cash 70
interest on loan 300
travelling expnes 12000
printing 880
stock on 1.1.2009 89680
postage 5620
pruchase 256590
return inwards 2780
wages and salary 40970
sundry debtors 62000
land & building 37770
bills receivable 4500
drawings 5000
TOTAL 550550 550550
* closing stock128960
result: A/C INFORMATION - PROFIT& LOSS A/C / BALANCE SHEET
GROSS PROFIT RS.
NET PROFIT RS.
BALANCE SHEET RS.
 NAME UNDER NAME DR CR
opening stock stock in hand 3100
buildings fixed assets 17000
furniture fixed assets 1000
purchase purchase 21200
salaries indirect expenses 2200
bad debts indirect expenses 120
cash in hand cash in hand 1300
return inwards sales 1020
rent indirect expenses 600
miscellaneous exp indirect expenses 500
capital capital 12000
bank loan loan liability 3000
sundry creditors sundry creditors 4920
return outwards purchase 420
interest indirect incomes 130
dividends indirect incomes 110
sales sales 41460
postage indirect expenses 280
printing indirect expenses 260
wages direct expenses 5200
freight direct expenses 560
carriage on sales indirect expenses 800
repairs direct expenses 900
sundry debtors sundry debtors 6000
TOTAL 62040 62040
* closing stock 2980
result: A/C INFORMATION - PROFIT& LOSS A/C / BALANCE SHEET
GROSS PROFIT RS.
NET PROFIT RS.
BALANCE SHEET RS.
NAME UNDER NAME DR CR
capital capital 40000
sales sales 25000
purchase purchase 15000
salaries indirect expenses 2000
rent indirect expenses 1500
insurance indirect expenses 300
drawings capital 5000
machinery fixed assets 28000
bank balance bank 4500
cash cash 2000
stock 1.1.2009 stock in hand 5200
debtors sundry debtors 2500
creditors sundry creditors 100
66000 66000
adjustments: F7 ONLY
1.stock 31.12.2009 rs,4900
A/C INFORMATION - LEDGER - CREATE - PAGEUP - SELECT STOCK
SELECT OPENING STOCK -TYPE CLSOING STOCKSTOCK
- OPEN/CLOS
STOCK DEBIT BALANCE ONLY
2.salaries unpaid rs.300
SALARY A/C DR (IND.EXP) 300
TO OUTSATNDING SALARY(CURRENTLIABILITIES) 300 300
3.rent paid in advance rs.200
PREPAID RENT A/C DR(CURRENT
DR ASSETS)
) 200 200
TO RENT A/C indirect expenses 200 200
4.insruance prepaid rs.90
PREPAID INSURANCEDR(CURRENT
A/C DR ASSETS)
)90 90
TO INSURANCE A/C indirect expenses) 90 200
result: A/C INFORMATION - PROFIT& LOSS A/C / BALANCE SHEET
GROSS PROFIT RS.9700
NET PROFIT RS.5890
BALANCE SHEET RS.42190
NEXT GO TO GATEWAY OF TALLY -DISPLAY - DAYBOOK -ALT+FI DETAIL
NAME UNDER NAME DR CR
land and buildingfixed assets 42000
machinery fixed assets 20000
purchase purchase 7500
1.4.2009 stock stock in hand 5760
sundry debtors sundry debtors 14500
patents current assets 40675
cash in hand cash in hand 540
cash at bank bank 2630
return inwards sales 680
wages direct expenses 8480
fuel & power direct expenses 4730
carriage on salesindirect expenses 3200
carrage on purchase
direct expenses 2040
salaries indirect expenses 15000
general expensesindirect expenses 3000
insurance indirect expenses 600
drawings capital 5245
capital capital 62000
sales sales 98780
return outwards purchase 500
sundry creditors sundry creditors 6300
bills payable current liability 9000
176580 176580
adjustments: F7 ONLY
1.stock on 31.3.2009 was rs.6800
A/C INFORMATION - LEDGER - CREATE - PAGEUP - SELECT STOCK
SELECT OPENING STOCK -TYPE CLSOING STOCKSTOCK
- OPEN/CLOS
STOCK DEBIT BALANCE ONLY
2.salary outstanding rs.1500
SALARY A/C DR (IND.EXP) 1500300
TO OUTSATNDING SALARY(CURRENTLIABILITIES) 1500 300
3.insurance parepaid rs.150
PREPAID INSURANCEDR(CURRENT
A/C DR ASSETS)
)150 90
TO INSURANCE A/C indirect expenses) 150 200
4.depreciate machinery @ 10% and patents @ 20%
DEPRECIATION A/C DR(INDIRECT EXPENSES)
SES)3500 4600
TO MACHINERY A/C (FIXED ASSETS) 2000
TO PATENTS A/C (CURRENT ASSETS) 1500
5.create a provision of 2% on debtors for bad debts
BAD DEBTS A/C DR (INDIRECT EXPENSES)
)290 2250
TOSUNDRY DEBOTS A/C(SUNDRY DEBOTS) 290
result: A/C INFORMATION - PROFIT& LOSS A/C / BALANCE SHEET
GROSS PROFIT RS.43715
NET PROFIT RS.16775
BALANCE SHEET RS.90330
NEXT GO TO GATEWAY OF TALLY -DISPLAY - DAYBOOK -ALT+FI DETAIL
NAME UNDER NAME DR CR
drawings capital 45000
goodwill current assets 90000
building fixed assets 60000
machinery fixed assets 40000
bills receivable current assets 6000
opening stock stock in hand 40000
purchases purchase 51000
wages direct expenses 26000
carriage outward indirect expenses 500
carriage inward direct expenses 1000
salaries indirect expenses 35000
rent indirect expenses 3000
discount indirect expenses 1100
repairs direct expenses 2300
bank bank 25000
cash cash in hand 1600
debtors sundry debtors 45000
bad debtors indirect expenses 1200
sales return sales 2000
furniture fixed assets 6000
advertising indirect expenses 3500
gneral expenses indirect expenses 450
capital capital 160000
bills payable current liablility 35000
creditors sundry creditors 70000
purchase return purchase 2650
sales sales 218000
485650 485650
adjustments: F7 ONLY
1.closing stock was rs.35000
A/C INFORMATION - LEDGER - CREATE - PAGEUP - SELECT STOCK
SELECT OPENING STOCK -TYPE CLSOING STOCK
STOCK- OPEN/CLOS
STOCK DEBIT BALANCE ONLY
2.depreciate machinery and furniture by 10%
DEPRECIATION A/C DR(INDIRECT EXPENSES) 4600
TO MACHINERY A/C (FIXED ASSETS) 4000
TO FURNITURE A/C (FIXED ASSETS) 600
3.outstanding wages rs.1500
WAGES A/C DR (DIRECT EXPENSES0 1500
TOOUTSTANDING WAGES A/C (CURRENT LIABILITY) 1500
4.prepaid advertisement rs.500
PREPAID ADVERTISEMENT A/C DR (CURRENT ASSETS) 500
TO ADVERTISEMENT AIC (INDIRECT EXPENSES) 500
5.create 5% on debtors for bad debts as provision
BAD DEBTS A/C DR (INDIRECT EXPENSES) 2250
 TOSUNDRY DEBOTS A/C(SUNDRY DEBOTS) 2250
result: A/C INFORMATION - PROFIT& LOSS A/C / BALANCE SHEET
GROSS PROFIT RS.134150
NET PROFIT RS.80750
BALANCE SHEET RS.302250
NEXT GO TO GATEWAY OF TALLY -DISPLAY - DAYBOOK -ALT+FI DETAIL

CT STOCK

ALT+FI DETAIL
Enter the following transactions in the Voucher entry of Idhayam of kumbakonam

1.1.2010 commenced business with cash rs. 180000

cash a/c Dr 180000
F4 To capital a/c 180000
mbakonam