The Following Would Be Recording In Journal Using Double Entry System. Do The Posting Process From Journal Entries And Prepare The Trial Balance, Trading A/C, Profit & Loss A/C, Balance Sheet and bank reconciliation statement also In The Books Of M/S.PENGUIN PVT LTD For The Following Year 2009 To 2010.
Particular | Dr | Cr |
---|---|---|
Capital | 350000 | |
Cash | 100000 | |
Indian bank | 300000 | |
Loan liability | 150000 | |
Bank o/d | 48000 | |
Furniture | 30000 | |
Good will | 15000 | |
Bills payable | 200000 | |
Land & building | 50000 | |
Bills receivable | 130000 | |
Bank deposit | 100000 |
1. Mr.WIN INDIA Was Rs.5000 Bill.No.Ac75
2. Mr. COOL DREAM Was Rs.7000 Bill.No.AG085
1. Mr. FIVE STAR Ltd Rs.15000 Bill.No,AG076
2. Mr. LINE MARK Ltd Rs.20000
1. Paid Telephone Charge Rs.2000 By Cheque [Vodafone] Ch.No.25131
2. Amount Paid To Mr. Win India Was Rs.5000 Against Bill. No. AC075.
Ch.No. 251323. Commission Received By Cheque Rs.10000 Ch.No.75461
4. 4 Month Salary Rs.10000 By Cheque Paid Ch.No.25133
5. Amount Received M/r.Five Star Rs.15000 By Cheque Discount allowed Rs.750.Ch.No.42678
6. Dividend Received Rs.29000 By Cheque .Ch.No.13555 (Post dated at 9.4.2009)
10 Paid Rent By Cheque Rs.4500 .Ch.No.25134
11 Amount Paid To Mr. Cool Dream Rs.7000 By Cheque Discount Received Rs.700 Ch.No.25135
16. Interest Received By Cheque Rs.2000 Ch.No.41596
17. Amount Received Mr. Lion Mark Was Rs.19000 Discount Allowed Rs.1000 By Cheque Ch.No.89576
19. Received Branch Income Rs. 25000 By Cheque .Ch.No. 89156
20. Paid Trade Expenses By Cheque Rs.2500 Ch.No.25137
25. Paid To General Expenses Rs.6000 Ch.No.25138
26. Received House Rent Rs.3000 Ch.No.695472
27. With Draw From Bank Rs.7000 Ch.No.25139
30. Deposit To Bank Rs.9000
Bank Statement For The Month Of April:
INDIAN BANK , 25, GANDHI ROAD , CHERRY ROAD, SALEM - 636007
Date | Particular | Reference | Dr | Cr | Balance |
---|---|---|---|---|---|
1.4.2009 | Balance B/d | 300000 | |||
3.4.2009 | Win India | 25132 | 5000 | 295000 | |
3.4.2009 | Vodafone | 25131 | 2000 | 293000 | |
5.4.2009 | Commission | 75461 | 10000 | 303000 | |
6.4.2009 | Five star | 42678 | 14250 | 317250 | |
7.4.2009 | Salary | 25133 | 10000 | 307250 | |
9.4.2009 | ATM 15:15:49 | 2000 | 305250 | ||
10.4.2009 | Dividend | 3000 | 308250 | ||
12.4.2009 | Cash | 10000 | 318250 | ||
15.4.2009 | Cool dream | 25135 | 6300 | 311950 | |
16.4.2009 | Interest | 41596 | 2000 | 313950 | |
17.4.2009 | EB charges | 25136 | 1500 | 312450 | |
19.4.2009 | ATM 15:45:06 | 30000 | 282450 | ||
22.4.2009 | Dividend | 13555 | 29000 | 311450 | |
25.4.2009 | General exp | 25138 | 6000 | 305450 | |
25.4.2009 | Guna | 35486 | 15000 | 320450 | |
27.4.2009 | Nathan | 25140 | 50000 | 270450 | |
29.4.2009 | Salary | 65456 | 100000 | 370450 | |
29.4.2009 | Cash | 90000 | 460450 | ||
30.4.2009 | Cash | 25139 | 7000 | 453450 | |
30.4.2009 | Interest | 1000 | 454450 | ||
30.4.2009 | Traveling | 25141 | 20000 | 434450 | |
closing | 434450 |
Balance as per company book : 4,83,450
Balance as per passbook : 4,34,450
Answers:opening balance | 7,60,000 |
Gross profit | ----- |
Net profit | 1,25,450 |
Balance sheet | 8,88,450 |
Company Creation
To create a new company in Tally.ERP 9, follow these steps:
Once you have created the company, you can start entering the transactions and managing the accounts of the
Ledger Creation
To create a ledger for capital with a specific amount in Tally.ERP 9, follow these steps:
Once you have created the ledger for capital with the specified amount, you can use it to record the capital contributions made by the owner(s) of the business. This will help you keep track of the amount of capital invested in the business and the ownership stakes of the various partners or shareholders.
Transaction Entry
Apr 01 Telephone charges of Rs. 2000 paid by cheque [Vodafone] Ch.No. 25131
To create a paid rent entry in Tally ERP 9 with a rent amount of Rs. 300 and using group and ledger options, you can follow the steps below:
This entry will debit the "Telephone Charge" ledger by Rs. 2000 and credit the "Indian Bank" ledger by the same amount. The payment voucher will also record the cheque number and vendor details for future reference.
follow the above steps for following transaction.
Apr 2 Amount Paid To Mr. Win India Was Rs.5000 Against Bill. No. AC075. Ch.No. 25132
Apr 4 Month Salary Rs.10000 By Cheque Paid Ch.No.25133
Apr 10 Paid Rent By ChequeRs.4500 .Ch.No.25134
Apr 11 Amount Paid To Mr. Cool Dream Rs.7000 By Cheque Discount Received Rs.700 Ch.No.25135
Apr 15 Electric Charge Paid Cheque .Rs.1500 Ch.No.25136
Apr 20 Paid Trade Expenses By Cheque Rs.2500 Ch.No.25137
Apr 25 Paid To General Expenses Rs.6000 Ch.No.25138
Apr 02 Commission Received by cheque for Rs. 10000 with cheque no. 75461
To record a commission received by cheque for Rs. 10000 with cheque no. 75461 in Tally.ERP 9, follow these steps:
This entry will debit the "Commission Received" ledger by Rs. 10000 and credit the "Indian Bank" ledger by the same amount. The receipt voucher will also record the cheque number for future reference.
Apr 05 Amount Received M/r.Five Star Rs.15000 By Cheque Discount allowed Rs.750.Ch.No.42678
To record the receipt of Rs. 15000 by cheque from M/r. Five Star along with a discount of Rs. 750 allowed on the same in Tally.ERP 9, follow these steps:
This entry will debit the "Indian Bank" ledger by Rs. 14250 (15000 - 750) and debit the "Discount Allowed" ledger by Rs. 750. The "M/r. Five Star" ledger will be credited by the total amount received, i.e., Rs. 15000. The receipt voucher will also record the cheque number and discount allowed for future reference.
Apr 27 With Draw From Bank Rs.7000 Ch.No.25139
To record a withdrawal of Rs. 7000 from a bank account using Cheque No. 25139 in Tally ERP 9 as a contra entry, with the debit to Cash and the credit to Indian Bank, you can follow these steps:
To record this transaction in Tally ERP 9, follow these steps:
By following these steps, you can record a withdrawal of Rs. 7000 from a bank account using Cheque No. 25139 in Tally ERP 9 as a contra entry, with the debit to Cash and the credit to Indian Bank. A contra entry is used to record transactions that involve the transfer of funds between different accounts within the same entity.
Company Transaction | |
1-4-2022 | Paid Telephone Charge Rs.2000 By Cheque [Vodafone] Ch.No.25131 |
2-4-2022 | Amount Paid To Mr. Win India Was Rs.5000 Against Bill. No. AC075. Ch.No. 25132 |
3-4-2022 | Commission Received By Cheque Rs.10000 Ch.No.75461 |
4-4-2022 | Month Salary Rs.10000 By Cheque Paid Ch.No.25133 |
5-4-2022 | Amount Received M/r.Five Star Rs.15000 By Cheque Discount allowed Rs.750.Ch.No.42678 |
6-4-2022 | Dividend Received Rs.29000 By Cheque .Ch.No.13555 |
10-4-2022 | Paid Rent By ChequeRs.4500 .Ch.No.25134 |
11-4-2022 | Amount Paid To Mr. Cool Dream Rs.7000 By Cheque Discount Received Rs.700 Ch.No.25135 |
15-4-2022 | Electric Charge Paid Cheque .Rs.1500 Ch.No.25136 |
16-4-2022 | Interest Received By Cheque Rs.2000 Ch.No.41596 |
17-4-2022 | Amount Received Mr. Lion Mark Was Rs.19000 Discount Allowed Rs.1000 By Cheque Ch.No.89576 |
19-4-2022 | Received Branch Income Rs. 25000 By Cheque .Ch.No. 89156 |
20-4-2022 | Paid Trade Expenses By Cheque Rs.2500 Ch.No.25137 |
25-4-2022 | Paid To General Expenses Rs.6000 Ch.No.25138 |
26-4-2022 | Received House Rent Rs.3000 Ch.No.695472 |
27-4-2022 | With Draw From Bank Rs.7000 Ch.No.25139 |
30-4-2022 | Deposit To Bank Rs.9000 |
Bank Statement | |||||
Date | Particular | Reference | Dr | Cr | Balance |
1-4-2022 | Balance B/d | 300000 | |||
3-4- 2022 | Win India | 25132 | 5000 | 295000 | |
3-4- 2022 | Vodafone | 25131 | 2000 | 293000 | |
5-4- 2022 | Commission | 75461 | 10000 | 303000 | |
6-4- 2022 | Five star | 42678 | 14250 | 317250 | |
7-4- 2022 | Salary | 25133 | 10000 | 307250 | |
9-4-2022 | ATM 15:15:49 | 2000 | 305250 | ||
10-4- 2022 | Dividend | 3000 | 308250 | ||
12-4- 2022 | Cash | 10000 | 318250 | ||
15-4- 2022 | Cool dream | 25135 | 6300 | 311950 | |
16-4- 2022 | Interest | 41596 | 2000 | 313950 | |
17-4- 2022 | EB charges | 25136 | 1500 | 312450 | |
19-4-2022 | ATM 15:45:06 | 30000 | 282450 | ||
22-4-2022 | Dividend | 13555 | 29000 | 311450 | |
25-4-2022 | General exp | 25138 | 6000 | 305450 | |
25-4-2022 | Guna | 35486 | 15000 | 320450 | |
27-4-2022 | Nathan | 25140 | 50000 | 270450 | |
29-4-2022 | Salary | 65456 | 100000 | 370450 | |
30-4-2022 | Cash | 90000 | 460450 | ||
30-4- 2022 | Cash | 25139 | 7000 | 453450 | |
30-4-2022 | Interest | 1000 | 454450 | ||
30-4-2022 | Travelling | 25141 | 20000 | 434450 | |
Closing | 434450 |
9-4-22 Cash withdraw from Bank Rs 2000
10-4-22 Dividend Received Rs 3000
12-4-22 Cash Deposit in Bank Rs 10000
19-4-22 Cash Withdraw from Bank Rs.30000
25-4-22 Amount Received from Mr. Guna Rs. 15000
27-4-22 Amount Paid Nathan Rs 50000
29-4-22 Salary received from Rs 100000
30-4-22 Cash deposit in bank Rs 90000
30-4-22 Interest Received Rs 1000
30-4-22 Paid Travelling Expenses Rs 20000
Tally.ERP 9 is a popular accounting software used by businesses for managing their financial transactions. Profit and loss in Tally ERP 9 is calculated based on the transactions recorded in the software.
To calculate profit and loss in Tally ERP 9, follow these steps:
Overall, Tally ERP 9 makes it easy to calculate and manage profit and loss statements, helping businesses make informed financial decisions.
A balance sheet is a financial statement that provides an overview of a company's financial position at a particular point in time. In Tally ERP 9, a balance sheet can be generated using the following steps:
Overall, Tally ERP 9 makes it easy to generate and manage balance sheets, providing valuable insights into a company's financial health and helping businesses make informed financial decisions.
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