Blog - Journal Entries Scenario 4

Journal Entries Scenario 4

Journal Entries Scenario 4

Tally Prime with GST

 

1. Purchase Goods For Cash   20,450.00

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2.  Paid To Mr. Ram   30,000.00

Discount Allowed By Him  1,000.00

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3. Purchase Goods  4,000.00

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4.  Received From Mr. Ramesh  9,800.00

 Discount Allowed   200.00

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5. Sold Goods  4,000.00

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6. Paid To Mr. Suresh 20,950.0

    Discount Allowed   150.00

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7. Paid Wages   500.00

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8. Paid To Mr. Naresh In Full Settlement 9800.00

His Accounts Which ShowsCredit Balances Of Rs. 10,000.00

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9. Ram Start Business With Cash  1,00,000.00

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10. He Buys Goods On Account From Mr. Dhanesh   50,000.00

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11. He Buys Building On Account From Mr. Surendra  2,00,000.00

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12. He Pays To Surendra   40,000.00

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13.  He Pays To Dhanesh  30,000.00

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14. Cash Received From Sales Of Goods  50,000.00

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15. Interest Is Paid In  Cash  5,000.00

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16. Purchase Of Goods On Account Form Krishna  10,000.00

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17. Paid Rent For The Month   4,000.00

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18. Purchase Computer For Cash  22,000.00

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19. Paid For Miscellaneous Expenses  6,000.00

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20. Paid To Krishna   80,000.00

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21. Sold Goods To Mr. Mukesh On Account  20,000.00

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22. Received From Mr. Mukesh  40,000.00

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23. Received From Cash Sales  80,000.00

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119 7 months ago