Tally ( Exercise - 3 )

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-:- Exercise-3 -:-

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Date	Particular
Jan1	Ram started business by introducing the following. Cash-10,000 Furniture-20,000 Plant-30,000 Goods-20,000
Jan2	He purchased goods of the invoice value of Rs.10,000 of at 10% trrade discount from suresh.
Jan3	He supplied goods costing Rs.1000 to ramesh at a invoice price of 10% obove cost at a trode discount at 5%
Jan4	He installed machinery of 20,000 adn paid wayes for installation Rs.2000 the machinery was supplied by Ms.Surya Brather.
Jan5	He purchased stationerry for business purpose Rs.500
Jan6	He sold goods to Sidharth Rs.5000
Jan7	He withdrow good for personal use costing Rs5000 (Sales value 6000).
Jan8	He distributed goods costing Rs.2000 (sales value 2500) free sample.
Jan9	Sidharth become insolvent the whole money due form was considered as bod.
Jan10	He sold goods for cash Rs.20,000
Jan11	Salary paid Rs.10,000 ofter deduction Rs.1000 as income for Rs.1500 as employ's share of provident fund but before employer shore of provident fund Rs.1500
Jan12	Amount due for Sidharth written of baddept recover fullsettelment.
Jan13	Amount paid to suresh Rs.8500 in fullsettelment
Jan14	Income tax liability of Ram Rs.1000 paid in Cash

-:- Journal Entry In the Book -:-

Date	Particular	Lf	Dr	Cr
Jan1	Cash A/c Furniture A/c Plant A/c Goods A/c To capital A/c		10,000 20,000 30,000 20,000	80,000
Jan2	Purchase A/c To Suresh A/c		9000	9000
Jan3	Ramesh A/c To sales A/c		1045	1045
Jam4	Machinery A/c To Cash A/c To Surya A/c		22,000	2000 20,000
Jan5	Stationery A/c To Cash A/c		500	500
Jan6	Sidharth A/c To Sales A/c		5000	5000
Jan7	Drowing A/c To Purchase A/c		5000	5000
Jan8	Advertisement A/c To Purchase A/c		2000	2000
Jan9	Badelept A/c To Sidharth A/c		5000	5000
Jan10	Cash A/c To Sales A/c		20,000	20,000
Jan11	Salary A/c To Cash A/c To PF A/c To Deduction A/c		14,000	10,000 3000 1000
Jan12	Cash A/c To Baddept recover A/c		5000	5000
Jan13	Suresh A/c To Cash A/c To Discount received A/c		9000	8500 500
Jan14	Drowing A/c To Cash A/c		1000	1000

-:- Laser Entry -:-

Cash A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan1 Jan10 Jan12 Fab1st	To Capital A/C To Sales A/C To Bad-Dept Recover To Balance b/d		10,000 20,000 5000 35,000 13,000	Jan4 Jan5 Jan11 Jan13 Jan14 Jan31st	By Machinery A/C By Stationery A/C By Salay A/C By Suresh A/C By Drawing A/C By Balance c/d		2000 500 10,000 8,500 1000 22,000 13,000

Capital A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	To Balance c/d		80,000	Jan1 Fab1st	By Cash A/C By Furniture A/C By Plant A/C By Goods A/C By Balance b/d		10,000 20,000 30,000 20,000 80,000 80,000

Furniture A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan1 Fab1st	To Capital A/C To Balance b/d		20,000 20,000 20,000	Jan31st	By Balance c/d		20,000

Plant A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan1 Fab1st	To Capital A/C To Balance b/d		30,000 30,000 30,000	Jan31st	By Balance c/d		30,000

Goods A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan1 Fab1st	To Capital A/C To Balance b/d		20,000 20,000 20,000	Jan31st	By Balance c/d		20,000

Purchase A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan2 Fab1st	To Suresh A/C To Balance b/d		9000 9000 2000	Jan7 Jan8 Jan31st	By Drawing A/C By Advertisment A/C By Balance c/d		5000 2000 7000 2000

Suresh A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan13	To Cash A/C To Discount Recieve A/C		8,500 500 9000	Jan2	By Purchase A/C		9000 9000

Ramesh A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan3 Fab1st	To Sales A/C To Balance b/d		1045 1045 1045	Jan31st	By Balance c/d		1045

Sales A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	To Balance c/d		26,045	Jan3 Jan6 Jan10 Fab1st	By Ramesh A/C By Siddharth A/C By Cash A/C By Balance c/d		1045 5000 20,000 26,045 26,045

Machinery A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan4 Fab1st	To Cash A/C To Surya A/C To Balance b/d		2000 20,000 22,000 22,000	Jan31st	By Balance c/d		22,000

Surya A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	To Balance c/d		20,000	Jan4 Fab1st	By Machinery A/C To Balance b/d		20,000 20,000 20,000

Stationery A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan5 Fab1st	To Cash A/C To Balance b/d		500 500 500	Jan31st	By Balance c/d		500

Siddharth A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan6	To sales A/C		5000 5000	Jan9	By Bad-Dept A/C		5000 5000

Drawing A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan7 Jan14 Fab1st	To Purchase A/C To Cash A/C To Balance b/d		5000 1000 6000 6000	Jan31st	By Balance c/d		6000

Advertisement A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan8 Fab1st	To Cash A/C To Balance b/d		2000 2000 2000	Jan31st	By Balance c/d		2000

Bad-Dept A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan9 Fab1st	To Siddharth A/C To Balance b/d		5000 5000 5000	Jan31st	By Balance c/d		5000

Salary A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan11 Fab1st	To Cash A/C To PF A/C To Deduction A/C To Balance b/d		10,000 3000 1000 14,000 14,000	Jan31st	By Balance c/d		14,000

Provided Fund A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	By Balance c/d		3000	Jan11 Fab1st	To Salary A/C To Balance b/d		3000 3000 3000

Deduction A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	By Balance c/d		1000	Jan11 Fab1st	To Salary A/C To Balance b/d		1000 1000 1000

Bad-Dept Recover A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	By Balance c/d		5000	Jan12 Fab1st	To Cash A/C To Balance b/d		5000 5000 5000

Discount Recieve A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	By Balance c/d		500	Jan11 Fab1st	To Suresh A/C To Balance b/d		500 500 500

-:- trial Balance -:-

Particular	Dr	Cr
Cash A/c Furniture A/C Plant A/C Goods A/C Capital A/C Purchase A/C Suesh A/C Ramesh A/C Sales A/C Machinery A/C Surya A/C Stationery A/C Siddharth A/C Drawing A/C Advertisement A/C Provided Fund A/C Bad-Dept Recover A/C Bad-Dept A/C Deduction A/C Salary A/C Discount Recieve A/C	13,000 20,000 30,000 20,000 2000 1045 22,000 500 6000 2000 5000 14,000	80,000 26,045 20,000 3000 5000 1000 500
Total	1,35,545	1,35,545

-:- trial Balance -:-

Purchase A/C		Sales A/C
Particular	Amount	Particular	Amount
Purchase To Gross Profit c/d	2000 2000 24,045	Sales A/C	26,045 26,045

-:- Profit & Loss -:-

Expanse		Income
Particular	Amount	Particular	Amount
Stationery A/C Advertisement A/C Salary A/C Bad-Dept A/C Net Profit	500 2000 14,000 5000 21,500 12,045	By Gross profit b/d Deduction A/C Bad-Dept Recover A/C Discount Receive A/C Provided Fund A/C	24,045 1000 5000 500 3000 33,545

-:- Balance Sheet -:-

Libilities		Assets
Particular	Amount	Particular	Amount
Net Profit Capital A/C Drawing A/C Sundry Creditore	12,045 80,000 6000 20,000	Cash A/C Furniture A/C Plant A/C Goods A/C Sundry Debitor A/C Machinery A/C	13,000 20,000 30,000 20,000 1,045 22,000
Total	1,06,045	Total	1,06,045

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