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Tall Practical Problem 1

The document lists 13 transactions for a transport business to record in Tally including opening a bank account, purchases, sales, payments, salaries, and wages. It provides details of each transaction such as amounts, payment methods, and parties involved.

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40 views2 pages

Tall Practical Problem 1

The document lists 13 transactions for a transport business to record in Tally including opening a bank account, purchases, sales, payments, salaries, and wages. It provides details of each transaction such as amounts, payment methods, and parties involved.

Uploaded by

kcec2077
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Practical problem 1

Record the following transactions in Tally.

1. Robert commenced a transport business with a capital of Rs 1,00,000

2. An account was opened with State Bank of India and deposited Rs 30,000

3. Purchased furniture by paying cash Rs 10,000

4. Goods purchased on credit from Mohaideen for Rs 20,000

5. Cash sales made for Rs 8,000

6. Goods purchased from Rathinam for Rs 5,000 and money deposited in CDM

7. Goods sold to Rony on credit for Rs 60,000

8. Money withdrawn from bank for office use Rs 9,000

9. Part payment of Rs 10,000 made to Mohaideen by cheque

10. Rony made part payment of Rs 5,000 by cash

11. Salaries paid to staff through ECS Rs 6,000

12. Wages of Rs 3,000 paid by cash

13. Purchased stationery from Pandian Ltd. on credit Rs 4,000

Solution

Analysis of transactions, passing journal entries, identification of voucher


type and group:

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