Voucher Example 4


The Following Would Be Recording In Journal Using Double Entry System. Do The Posting Process From Journal Entries And Prepare The Trial Balance, Trading A/C, Profit & Loss A/C And Balance Sheet In The Books Of M/S. U.V.S & CO For The Following Year 2007 To 2008

Particular Dr Cr
ICICI Bank 200000
Machine 400000
Land & Building 250000
Cash 50000
Investment 25000
Furniture 25000
Free-Hold property 150000
Capital 400000
Reserves & surplus 50000
Bank O/D 60000
Unpaid Exp 300000
Salary Due 50000
Bank Loan 40000
General Reserve 200000
Sundry Debtors:
  • M/S.Jana To Pay Him Bill No:26 Rs.10000
  • M/S.Dina To Pay Him Bill No:27 Rs.5000
  • M/S.Vine To Pay For Him Bill no:32 Rs.5000
Sundry Creditors:
  • M/S.Babu Traders For The Bill No:28 Rs.4000
  • M/S.Vijay Traders For The Bill No:32 Rs.6000
  • M/S.Sangee Traders For The Bill No:12 Rs.10000

TRANSACTION DURING THE PERIOD:


  • 1. Paid For Electrical Charges Rs.20000
  • 2. Paid Telephone Charges Rs.40000
  • 3. Sold Goods To M/S.Jana Was Rs.16000 Bill no:25 (30days)
  • 4. Received Cheque From M/S.Jana Rs.10000
  • 5. Paid Salary Rs.30000
  • 6. Received Commission Rs.30000
  • 7. Withdraw From Personal Use Rs.1800
  • 8. Salary Due Rs.1500
  • 9. Dividend Received Rs.100000
  • 10. Goods To M/S.Vine Bill No:28 Rs.8000
  • 11. Sold Goods To M/S.Pavi Bill No:32 Rs.10000
  • 12. Cash Purchase Tow Night Lamp Rs.3000
  • 13. Paid Trade expense Rs.200
  • 14. Withdraw From Bank Rs.2000
  • 15. Sold Goods To Cash Rs.4000
  • 16. Purchase Goods From Cash Rs.250
  • 17. Paid Water Tax Charges Rs.450
  • 18. Dividend Received Rs.50000
  • 19. Paid Cash To Bank Rs.500
  • 20. Paid For Postage & Telegram Rs.1500
  • 21. Received Interest Rs.20000
  • 22. Purchase Goods Form Babu Rs.8000
  • 23. Paid Wages By Cheque Rs.2500
  • 24. Cash Withdraw From Bank Rs.10000
Answers:
opening balance 11,20,000
Gross profit 27,250
Net profit 1,33,600
Balance sheet 12,61,300

Tally ERP 9