Price list Sum 2

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 and balance sheet with inventory maintain in the books of M/s. HINDUSTAN PVT LTD for the following year 2008 to 2009

Particular Dr Cr
Share capital 2000000
Lease hold properties 150000
Bank loan 250000
Land & building 150000
Cash 50000
KVB bank 250000

Sundry Creditors:

M/s. More industrials Rs.50000 bill no:125 (25days)

Sundry Debtors:

M/s. Bharathi super market Rs.20000 bill no:130 (45days)

STOCK IN HAND
Stock items Quantities Rate (Rs)
Lux 25000nos Rs.10
Sinthol 100mg 40000nos Rs.10
Mysore sandal 100mg 26000nos Rs.7
Chandrika 15000nos Rs.10
Acnex 500nos RS.75
Dove 150nos Rs.40
Power soap 2000nos Rs.25
Fa 5000nos Rs.100
Viccotermeric 2750nos Rs.38

PRICE LEVELS FOR INVOICING:

Item name Whole seller Rs Discount (whole seller) Dealer Rs Discount(Dealer) Reseller Rs

Acnex

000-101

101-151

151 above

85

82

80

-

5%

8%

90

85

83

-

-

3%

95

95

95

Dove

000-101

101-15

151 above

50

46

43

-

2%

5%

55

52

50

-

-

2%

95

95

95

Fa

000-101

101-151

151 above

115

112

110

-

5%

10%

120

118

116

-

-

2%

125

125

125

Lux

000-101

101-151

151 above

20

18

15

-

1%

2%

27

25

23

-

-

2%

30

30

30

Viccotermeric

000-101

101-151

151 above

52

50

45

-

5%

8%

55

53

51

-

-

5%

60

60

60

TRANSACTION DURING THE PERIOD:

Apr 1 Goods Sold To Mr.Ravi (Whole seller) For The Following Items

  • Lux 100nos, 150nos, 200nos
  • Fa 100nos, 150nos, 200no
  • Viccotermeric 100nos, 150nos, 200nos
  • Vide Bill No: 111 (25days)

May2 Goods Purchased From Mr.Vijay For The Following Item

  • Dove 350nos,
  • Power 50nos
  • Viccotermeric 200nos
  • Acnes 500nos
  • Trade Discount 4% Bill No: 123 (30days)

May 31 Goods Sold To Mr.Lovely Ltd (Dealer) For The Following Items

  • Acnex 100nos, 150nos, 200nos
  • Lux 100nos, 150nos, 200nos
  • Sales Tax 10% Bill No:425 20(Days)

Jun 5 Security Deposit Received From Mr.Guptha Was Rs.500000 By Cheque.

Jul 7 Goods Sold To Mr.Guptha For The Following Items.

  • Sinthol 5000nos @ Rs.20each
  • Mysore Sandal 6000nos @ Rs.15each
  • Chandrika 10000nos @ Rs.15each
  • Sales Tax 5% Bill No: GP012 (40days)

Aug 3 Goods Sold To Mr.Meera For The Following.

  • Sinthol 1500nos @ Rs.20each
  • Mysore Sandal 1000nos @ Rs.15each
  • Chandrika 3000nos @ Rs.15each
  • Sale Tax 5% Vide Bill No:MR58 (15days)

Sep 2 Credit Note Received From Mr.Guptha For The Followings

  • Chandrika 1500nos
  • Mysore Sandal 500nos
  • Against Bill No:GP012

Oct 19 Stock Received From Mumbai Branch For The Followings

  • Hammam Soap 1000nos @ Rs.25each
  • Himami Face Cream 500nos @ Rs.50each
  • Rexona Perfume 600nos @ Rs.30each

Nov 5 Stock Of Sinthol Soap 1000nos Rs.10each, Destroyed By Fire Amounted Rs.10000. Insurance Company Claim Admitted Only Rs.8000

Answers:
opening balance 23,00,000
Gross profit 2,61,938
Net profit 2,62,352
Balance sheet 31,46,669
Closing Stock 14,78,000


Tally ERP 9

Learn All in Tamil © Designed & Developed By Tutor Joes | Privacy Policy | Terms & Conditions