Tally ( Exercise - 8)

VIDYA ACADEMY

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

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-:- Exercise-8 -:-

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Date	Particular
Dec 1	Cash in Hand ₹ 8000 Cash in Bank ₹ 25,000 Stock of Goods ₹ 20,000 furniture ₹ 2000 Building ₹ 10,000 Sundry Debits. Vijay ₹ 2000 Anil ₹ 1000 Madhu ₹ 2000 Credit Balance on Jan 1-2011 Sundry Creditors Anand ₹ 5000 Loans from Bablu ₹ 10,000
Jan 1	Purchase goods worth ₹ 5000 for cash less 20% trade discount and 5% cash Discount
Jan 4	Received ₹ 1980 from vijay and allowed him ₹ 20 as discount
Jan 6	Purchase goods from bharat ₹ 5000
Jan 8	Purchase Plant From mukesh for ₹ 5000 and paid ₹ 100 as cartage for bringing that plant to the factory and another ₹ 200 as installation changes.
Jan 12	Sold goods to Rahim on credit ₹ 600
Jan 15	Rahim become as insolvent and could pay him 50% in a rupeesa.
Dec 5	Credit sales to Hari ₹ 3200
Dec 6	Baught goods from Jay on credit ₹ 2300
Jan 18	Sold goods to Ram for cash ₹ 1000
Jan 20	Paid salary to Ratan ₹ 2000
Jan 21	Paid Anand ₹ 4800 in fullsettlement.
Jan 26	Interest Received from Madhu ₹ 200
Jan 28	Paid to Bablu Interest on loan ₹ 500
Jan 31	Sold goods for cash ₹ 500
Jan 31	Withdrew goods from business for personal use ₹ 200

-:- Journal Entry In the Book -:-

Date	Particular	Lf	Dr	Cr
Jan 1	Cash A/c Bank A/C Stock A/C Furniture A/C Building A/C Vijay A/C Anil A/C Madhu A/C To Anand A/c To Bablu A/C To Capital A/C		8000 25,000 20,000 2000 10,000 2000 1000 2000	5000 10,000 55,000
Jan 1	Purchase A/c To Cash A/c To Discount Received A/C		4000	3800 200
Jan 4	Cash A/c Discount Allowed A/C To Vijay A/c		1980 20	2000
Jan 6	Purchase A/c To Bharat A/c		5000	5000
Jan 8	Plant A/c To cash A/c To Mukesh A/c		5300	300 5000
Jan 12	Rahim A/c To Sales A/c		600	600
Jan 15	Bad-Dept A/c Cash A/c To Rahim A/c		300 300	600
Jan 18	Cash A/c To Sales A/c		1000	1000
Jan 20	Salary A/c To Cash A/c		2000	2000
Jan 21	Anand A/c To Cash A/c To Discount Received A/c		5000	4800 200
Jan 26	Cash A/c To Interest Receive A/c/p>		200	200
Jan 28	Interest on loan A/c To Cash A/c		500	500
Jan 31	Cash A/c To Sales A/c		500	500
Jan 31	Drawing A/c To Purchase A/c		200	200

-:- Laser Entry -:-

Cash A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 1 Jan 4 Jan 15 Jan 18 Jan 26 Jan 31 Fab1st	To Capital A/C To Vijay A/C To Rahim A/C To Sales A/C To Interest Received A/C To Sales A/C To Balance b/d		3000 1980 300 1000 200 500 11980 580	Jan 1 Jan 8 Jan 20 Jan 21 Jan 28 Jan31st	By Purchase A/C By Plant A/C By Salary A/C By Anand A/C By Interest on loan A/C By Balance c/d		3800 300 2000 4800 500 11,400 580

Bank A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 1 Fab1st	To Balance b/d To Balance b/d		25,000 25,000 25,000	Jan31st	By Balance c/d		25,000

Stock A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 1 Fab1st	To Balance b/d To Balance b/d		20,000 20,000 20,000	Jan31st	By Balance c/d		20,000

Furniture A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 1 Fab1st	To Balance b/d To Balance b/d		2000 2000 2000	Jan31st	By Balance c/d		2000

Building A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 1 Fab1st	To Balance b/d To Balance b/d		10,000 10,000 10,000	Jan31st	By Balance c/d		10,000

Vijay A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 1	To Balance b/d		2000 2000	Jan 4 Jan 4	By Cash A/C By Discount Allowed A/C		1980 20 2000

Anil A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 1 Fab1st	To Balance b/d To Balance b/d		1000 1000 1000	Jan31st	By Balance c/d		1000

Madhu A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 1 Fab1st	To Balance b/d To Balance b/d		2000 2000 2000	Jan31st	By Balance c/d		2000

Anand A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 21	To Cash A/C To Discount Received A/C		4800 200 5000	Jan 1	By Balance b/d		5000 5000

Bablu A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	To Balance c/d		10,000	Jan 1 Fab1st	By Balance b/d By Balance b/d		10,000 10,000 10,000

Capital A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	To Balance c/d		55,000	Jan 1 Fab1st	By Balance b/d By Balance b/d		55,000 55,000 55,000

Purchase A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 1 Jan 1 Jan 6 Fab1st	To Cash A/C To Discount Received A/C To Bharat A/C By Balance b/d		3800 200 5000 9000 8800	Jan 31 Jan31st	By Drawing A/C To Balance c/d		200 200 8800

Discount Received A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	To Balance c/d		400	Jan 1 Jan 21 Fab1st	By Purchase A/C By Anand A/C By Balance b/d		200 200 400 400

Discount Allowed A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 4 Fab1st	To Vijay A/C To Balance b/d		20 20 20	Jan31st	By Balance c/d		20

Bharat A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	To Balance c/d		5000	Jan 6 Fab1st	By Purchase A/C By Balance b/d		5000 5000 5000

Plant A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 8 Jan 8 Fab1st	To Cash A/C To Mukesh To Balance b/d		300 5000 5300 5300	Jan31st	By Balance c/d		5300

Mukesh A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	To Balance c/d		5000	Jan 8 Fab1st	By Plant A/C By Balance b/d		5000 5000 5000

Rahim A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 12	To Sales A/C		600 600	Jan 15 Jan 15	To Bad-Dept A/C By Cash A/C		300 300 600

Bad-Dept A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 15 Fab1st	To Rahim A/C By Balance b/d		300 300 300	Jan31st	To Balance c/d		300

Sales A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	To Balance c/d		2100	Jan 12 Jan 18 Jan 31 Fab1st	By Rahim A/C By Cash A/C By Cash A/C By Balance b/d		600 1000 500 2100 2100

Interest Received A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan31st	To Balance c/d		200	Jan 26 Fab1st	By Cash A/C By Balance b/d		200 200 200

Interest on loan A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 28 Fab1st	To Cash A/C To Balance b/d		500 500 500	Jan31st	By Balance c/d		500

Drawing A/C
Date	Particular	LF	Amt	Date	Particular	LF	Amt
Jan 31 Fab1st	To Purchase A/C To Balance b/d		200 200 200	Jan31st	By Balance c/d		200

-:- trial Balance -:-

Particular	Dr	Cr
Cash A/c Bank A/C Stock A/C Furniture A/C Building A/C Vijay A/C Anil A/C Madhu A/C Anand A/C Bablu A/C Capital A/C Purchase A/C Discount Received A/C Discount Allowed A/C Bharat A/C Plant A/C Mukesh A/C Rahim A/C Bad-Dept A/C Sales A/C Salary A/C Interest Receive A/C Interest on load A/C Drawing A/C	580 25000 20,000 2000 10,000 1000 2000 8800 20 5300 300 2000 500 200	10,000 55,000 400 5000 5000 2100 200
Total	77,700	77,700

-:- traiding Balance -:-

Purchase A/C		Sales A/C
Particular	Amount	Particular	Amount
Purchase A/c	8800 8800	Sales A/C To Gross Loss	2100 2100 6700

-:- Profit & Loss -:-

Expanse		Income
Particular	Amount	Particular	Amount
Salary A/C Discount Allowed A/C Interest on Loan A/C Bad-Dept A/C Gross Loss	2000 20 500 300 6700 9520	Interest Received A/C Discount Received A/C Net Loss	200 400 600 8920

-:- Balance Sheet -:-

Libilities		Assets
Particular	Amount	Particular	Amount
Net Loss Capital A/C Drawing A/C Bablu (Sundry Creditor) A/C Mukesh (sundry creditor) A/C Bharat (Sundry Creditor) A/C (capital-Net Loss-Drawing+Bablu+Mukesh+Bharat)	8920 55,000 200 10,000 5000 5000	Cash A/C Bank A/C Stock A/C Furniture A/C Building A/C Plant A/C Anil (Sundry Debitor) A/C Madhu (Sundry Debitor) A/C	580 25,000 20,000 2000 10,000 5300 1000 2000
Total	65,880	Total	65,880

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