Blog - Journal Entries Scenario 9

Journal Entries Scenario 9

Journal Entries Scenario 9

Tally Prime with GST

1.     Salary Paid  To Staff For March Month 3000.00

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2.     Municipal Tax Paid Cash 800.00

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3.     Commission Received  200.00

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4.     Deduction For Furniture 10% And It Cost Was10000.00

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5.     Start Business With Cash100000.00

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6.     Deposit With Bank60000.00

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7.     Purchase Goods40000.00

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8.     Sales Goods To Ram Lal 50000.00

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9.     Sale Goods To Mahes 20000.00

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10.  Purchase Goods  From Rajesh80000.00

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11.  Return Goods To Rajesh 30000.00

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12.  Mahesh Return Goods4000.00

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13.  Received From Mahesh  7000.00

   Discount Paid 800.00

14.  Drew From Bank For Personal Use20000.00

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15.  Drew From Bank For Office Use 9000.00

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16.  Paid Telephone Rent For 1 Year 8000.00

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17.  Received Loan From Rajan For Business 18000.00

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18.  Received From Ram Lal 4400.00

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19.  Insure Goods Loss By Fire Insurance Company Accept Claim 4000.00

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20.  Received From Insurance Company  38000.00

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21.   Paid For Stationery 4000.00

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22.   Rent Paid 2000.00

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160 1 year ago