Blog - Journal Entries Scenario 23

Journal Entries Scenario 23

Journal Entries Scenario 23

Tally Prime with GST

1.     Purchased Good Worth Rs. 3000 , Less 10 %Trade Discount And 5% Discount From Garg Store For Cash

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2.     Bought One  Delivery Van From Brown Motors  6000.00

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3.     Payment To Be Made By Monthly Installment 300 With Interest At 6% Per   Year First Installment Paid 

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4.     Goods Worth Was Returned By Shlkan 2000.00

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5.     Interest Paid To Smith  2000.00 

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6.     Bought 100 Share Of Reliance Limited @ Rs. 10 Per Share Brokerage  Paid 30.00

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7.     Paid To Stefan In Full Settlement Of His Account  1400.00

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8.     Cash Paid To Smith  10000.00

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9.     Received From Travelling Salesman For Good Sold By Him 10000.00

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10.  Sold Furniture 1500.00

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11.  Amount Received From Grover In Full Settlement Of Account Discount   Allowed To Him 300.00

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12.  Paid To Wages  200.00

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13.  Paid To Salaries 1400.00

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14.  Bought Goods For Cash  12000.00

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15.  Purchased Goods On Credit  5000.00

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16.  Goods Sold To Laxman  10000.00

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17.  Furniture Purchased For Cash  25000.00

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82 6 months ago