Tally Example 1.

Tally Example 1.

Shivam starts a business in 2013 named SHIVAM COMPUTERS, and the following transactions were recorded.

April 1. Started business with Rs. 3,00,000. Opened a bank account and deposited Rs.

                        1,00,000.

April 2. Bought furniture for Rs. 25,000 and machinery for Rs. 20,000.

April 3. Purchased goods for Rs. 1,20,000.

April 7. Sold goods for Rs. 15,000.

April 8. Purchased goods from Micro Computer Rs. 35,000.

April 9. Paid Rs. 1,500 to ISP (Internet Service Provider) for Internet installation.

April 10. Bought one Desktop for Rs. 25,000 and Printer for Rs. 8,500 for office use.

April 12. Sold goods to Niraj for Rs. 17,500.

April 13. Sold goods to Rajan for Rs. 5,000 cash.

April 14. Received cash from Niraj Rs. 17,000 and discount allowed Rs. 500.

April 15. Bought 100 shares in ABC Co. Ltd. at Rs. 350 each share, and brokerage paid Rs. 120.

April 20. Amount withdrawn from bank for personal use Rs. 25,000.

April 21. Goods worth Rs. 2,500 found defective and returned to Micro Computer, and balance of the amount due to them settled by issuing a cheque in their favour.

April 23. Sold 40 shares of ABC Co. Ltd. At Rs. 410 per share, brokerage paid Rs. 100.

April 24. Bought  goods worth Rs. 30,000 from Computer Valley and sold to Ashwini at Rs.  40,000.

April 28. Ashwini returned goods worth Rs. 1,500, which in turn were sent to Computer

valley.

April 30. Issued a cheque for Rs. 5,000 in favour of landlord for rent for April.

April 30. Received cash from Ashwini Rs. 38,500. Paid salaries to staff Rs. 15,000. Paid electricity bill by cheque Rs. 750.

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