Tally ( Exercise - 1 )

VIDYA ACADEMY

VIDYA ACADEMY Add- Rail Bazar Gurudwara Gali Fatehpur Mo- 8400499579

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VIDYA ACADEMY

-:- Exercise-1 -:-

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Date	Particular
July1	He started business with cash Rs.20,000
July2	He purchased good on Credit From Mohal lal for Rs.8000
July3	purchased goods for cash Rs.10,000
July4	Sold goods for cash costing 8000 for 10,000
July5	Withdrew Rs.1000 Fom business in cash to pay for private expenses.
July6	Electricity bill pay for Rs.100
July7	He sold goods on credit casting 5000 to Mr.Surendra for Rs 6000
July8	He paid rent outstanding Rs 400
July9	He borrowed Rs.5000 form Mr.lalit
July10	Purchased goods for cash Rs.2000

-:- Jounral Entry of The Book -:-

Date	Particular	LF	Dr	Cr
July1	Cash A/c To Capital A/c		20,000	20,000
July2	Purchased A/c To Mohan lal A/c		8000	8000
July3	Purchased A/c To Cash A/c		10,000	10,000
July4	Cash A/c To Sales A/c		10,000	10,000
July5	Drowing A/c To Cash A/c		1000	1000
July6	Electricity A/c To Cash A/c		100	100
July7	Surendra A/c To Cash A/c		6000	6000
July8	Rent A/c To Cash A/c		400	400
July9	Cash A/c To Lalit A/c		5000	5000
July10	Purchased A/c To Cash A/c		2000	2000

-:- Laser Entry -:-

Cash A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
July 1 July 4 July 9 Aug 1st	To Capital A/C To Sales A/C To Lalit A/C To Balance b/d		20,000 10,000 5000 35,000 21,500	July 3 July 5 July 6 July 8 July 10 July 31st	By Purchase A/C By Drawing A/C By Electricity By Rent A/C By Purchase A/C To Balance c/d		10,000 1000 100 400 2000 13,500 21,500

Capital A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
July 31st	To Balance c/d		20,000	July 1 Aug 1st	By Cash A/C By Balance b/d		20,000 20,000 20,000

Puchase A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
July 2 July 3 July 10 Aug 1st	To Mohan Lal A/C To Cash A/C To cash A/C To Balance b/d		8000 10,000 2000 20,000 20,000	July 31st	By Balance c/d		20,000

Mohanlal A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
July 31st	To Balance c/d		8000	Jan 2 Aug 1st	By Purchase A/C By Balance b/d		8000 8000 8000

Sales A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
July 31st	To Balance c/d		16,000	July 4 July 7 Aug 1st	By Cash A/C By Surendra A/C By Balance b/d		10,000 6000 16,000 16,000

Drawing A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
July 5 Aug 1st	To Cash A/C To Balance b/d		1000 1000 1000	July 31st	By Balance c/d		1000

Electricity Bill A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
July 6 Aug 1st	To Cash A/C To Balance b/d		100 100 100	July 31st	By Balance c/d		100

Surendra A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
July 7 Aug 1st	To Sales A/C To Balance b/d		6000 6000 6000	July 31st	By Balance c/d		6000

Rent A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
July 8 Aug 1st	To Cash A/C To Balance b/d		400 400 400	July 31st	By Balance c/d		400

Lalit A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
July 31st	To Balance c/d		5000	July 9 Aug 1st	By Cash A/C By Balance b/d		5000 5000 5000

-:- Trial Balance -:-

Particular	Dr	Cr
Cash A/C Capital A/C Purchase A/C Mohan Lal A/C Sales A/C Drawing A/C Electricity Bill A/C Surendra A/C Rent A/C Lalit A/C	21,500 20,000 1000 100 6000 400	20,000 8000 16,000 5000
Total	49,000	49,000

-:- Traiding A/C -:-

Particular	Amount	Particular	Amount
To Puchase A/C	20,000	By Sales A/C By Gross Loss A/C	16,000 4000

-:- Profit & Loss A/C -:-

Particular	Amount	Particular	Amount
To Gross Loss A/C To Rent A/C To Electiciy Bill A/C	4000 400 100	By Loss	4,500

-:- Balance Sheet -:-

Liability	Amount	Assets	Amount
Capital A/C (-) Loss (-) Drawing A/c Lalit A/C Mohan Lal A/C	20,000 4,500 1000 5000 8000	Cash A/C Sundry Creditor A/C	21,500 6000
	27,500		27,500

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