Blog - Journal Entries Scenario 5

Journal Entries Scenario 5

Journal Entries Scenario 5

Tally Prime with GST

1.     Surendra Started Business With Cash 5,00,000.00

Dr

 

Cr

2.     Goods Purchased From Prasad On Credit 60,000.00

Dr

 

Cr

3.     Goods Sold To Prem 80,000.00

Dr

 

Cr

4.     Goods Purchased From  Sohan For Cash  70,000.00

Dr

 

Cr

5.     Paid For Wages  2,000.00

Dr

 

Cr

6.     Goods Purchased From Prem 10,000.00

Dr

 

Cr

7.     Goods Sold To Om  3,000.00

Dr

 

Cr

8.     Goods Purchased From Charanjit 30,000.00

Dr

 

Cr

9.     Paid For Interest  5,5,00.00

Dr

 

Cr

10.  Goods Purchased From Om 20,000.00

Dr

 

Cr

11.  Cash Received From Prem10,000.00

Dr

 

Cr

12.  Cash Paid To Charanjit 30,000.00

Dr

 

Cr

13.  Paid For Rent  20,000.00

Dr

 

Cr

14.  Bought Goods On Credit From Ashok 20,000.00

Dr

 

Cr

15.  Goods Returned By Bharat 5,000.00

Dr

 

Cr

16.  Paid Carriage Inwards 3,000.00

Dr

 

Cr

17.  Paid To Insurance Co. 3,000.00

Dr

 

Cr

18.  Sale Of Typewriter For  30,000.00

Dr

 

Cr

19.  Sold Goods To Krishna On Credit Worth  40,000.00

Dr

 

Cr

20.  Started Business With  2,00,000.00

Dr

 

Cr

21.  Out Of Which Paid Into Bank  90,000.00

Dr

 

Cr

22.  Bought Furniture For 20,000.00

Dr

 

Cr

23.  Machinery For 40,000.00

Dr

 

Cr

 


121 6 months ago