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

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2.     Goods Purchased From Prasad On Credit 60,000.00

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3.     Goods Sold To Prem 80,000.00

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4.     Goods Purchased From  Sohan For Cash  70,000.00

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5.     Paid For Wages  2,000.00

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6.     Goods Purchased From Prem 10,000.00

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7.     Goods Sold To Om  3,000.00

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8.     Goods Purchased From Charanjit 30,000.00

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9.     Paid For Interest  5,5,00.00

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10.  Goods Purchased From Om 20,000.00

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11.  Cash Received From Prem10,000.00

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12.  Cash Paid To Charanjit 30,000.00

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13.  Paid For Rent  20,000.00

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14.  Bought Goods On Credit From Ashok 20,000.00

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15.  Goods Returned By Bharat 5,000.00

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16.  Paid Carriage Inwards 3,000.00

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17.  Paid To Insurance Co. 3,000.00

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18.  Sale Of Typewriter For  30,000.00

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

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20.  Started Business With  2,00,000.00

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21.  Out Of Which Paid Into Bank  90,000.00

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22.  Bought Furniture For 20,000.00

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23.  Machinery For 40,000.00

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457 1 year ago