Purchase Assignment No 1. Download Purchase Entries For Practice In Tally Prime

 

Assignment 9: Aakash Trading Co.

Create a Company with following details. Aakash Trading co.

Financial Year from          1-4-2016

Books beginning from     1-7-2016

Maintain Account with Inventory

Almaterial is Stored in Bandra Godown.

 

JULY

1.  Business started with cash Rs.1,00,000/- Furniture Rs.50,000/- Plant Machinery Rs.1,00,000/

 

2.   A Bank account opened iStandard Charted Bank by depositing Rs.1,00,000/-

 

4.    Purchased following goods from Paro Credit.

Shirts           Peter England                             30 pcs               @Rs.400/-

                       Changes                                15 pcs              @Rs.400/-

Trouser         Newport                                       20 pcs              @Rs.350/-

                        Shapes                                          10 pcs             @Rs.450/-

 

6.       Purchased following goods on cash.

Shirts

Arrow

15 pcs

@Rs.450/-

 

Cambridge

25 pcs

@Rs.350/-

 

 

 

8.       Following goods Purchased from Paro were returned due to some defects.

Trouser        Newport                    3 pcs           @Rs.350/-

Shirts           Peter England           8 pcs           @Rs.400/-

 

15.     Banyan Man Sales following goods on credit.

Trouser        Newport                  10 pcs           @Rs.500/-

        Shapes                       7 pcs           @Rs.600/-

Shirts           Peter England        10 pcs           @Rs.750/-

        Cambridge              10 pcs           @Rs.600/-

 

20.     Following goods sold to ChoonBaboo n credit.

Shirts           Arrow                                5 pcs           @Rs.600/-

        Cambridge                        5 pcs           @Rs.500/-

        Peter England                  5 pcs           @Rs.650/-

        Changes                        5 pcs           @Rs.500/-

21.     Banyan Man returned following goods

Trousers      

Newport                3 pcs           @Rs.500/-

Shapes                      2 pcs           @Rs.600/Shirts           

Peter England         3 pcs           @Rs.750/-

Cambridge               3 pcs           @Rs.400/-

 

22.     Banyan Man ReceivedRs.10, 000/- by Cheque.

 

23.     Paid to Paro ifull settlement of her account by chequeRs.25, 000/-.

 

AUGUST

1.       ChoonBaboo Received Rs.11, 000/- by cash ifull settlement of his account.

 

2.       Following goods Purchased from Chandra Mookhi on cash.

Shirts

Arrow

5 pcs

@Rs.400/-

 

Cambridge

12 pcs

@Rs.400/-

 

 

 

Peter England

20 pcs

 

@Rs.450/-

Changes

5 pcs

 

@Rs.450/-

Trousers

Newport

5 pcs

 

@Rs.400/-

 

Shapes

10 pcs

 

@Rs.420/-

He allowed Rs.5, 000/- cash discount.

 

1.      New Godown bought at Andheri following stock transferred tAndheri.

Shirts           Arrow                        5 pcs           @Rs.400/-

        Cambridge              15 pcs           @Rs.400/-

                       Peter England        15 pcs           @Rs.450/-

         Changes                    5 pcs           @Rs.450/-

Trousers      Newport                    5 pcs           @Rs.400/-

         Shapes                       5 pcs           @Rs.400/-

 

2.      Godown Rent paid bCash. (Use Cost Center)

 Bandra: Rs.1, 500/-

 Andheri: Rs.2, 500/-

 

3.      *Interest received by Cheque. (Use Cost Center)

                 ICICI bond: Rs.500/-

                Reliance SharesRs.2, 500/-

 

ANSWER: Net Loss: 33,200/-


 

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