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Tally Practical Questions 7 - Tally Online Computer Course Notes and Tally Practical Questions

Submitted By Stellar Computer Education Center, Kodakara, Thrissur, Kerala on 22 August 2020

Exercise No.7: -

Mr. Vinod started business with a cash of Rs 50,000/-
Purchased Furniture Rs 1,00000/-
Loan taken from Rajesh Rs 50,000/-
Brought goods on credit from Raman worth Rs 60,000/-
Cash purchase Rs 20,000/-
Freight Expenses paid Rs 2000/-
Wages due Rs 1000/-
Machinery purchased Rs 70,000/-
Sold furniture on credit to satish Rs 20,000/-
Goods returned to Raman Rs 10,000/-
Sold goods on credit to kunal Rs 50,000/-
Cash Sales Rs 70,000/-
Goods returned by kunal Rs 5000/-
Salary paid Rs 5000/-
Wages paid which was due earlier Rs 1000/-
Withdrawn furniture at cost price Rs 2000/- & cash Rs 3000/- for personal use.
Machinery lost by fire Rs 10,000/-
Paid for advertisement Rs 1000/-
Paid for postage Rs 700/-
Commission received Rs 2000/-
Sold goods on credit to Anand worth of Rs 10,000/-
Discount allowed to Anand Rs 1000/-
Purchased goods on credit from shiva Rs 15,000/-
Discount earned from shiva worth Rs 2000/-
Purchase Shares of Birla Co Rs 10,000/-
Opened bank a/c in SBI with a cash of Rs 25,000/-
Telephone bill due Rs 2000/-
Rent paid Rs 2000/-
Cash Sales Rs 50,500/-
Purchased goods from Rohit on credit worth Rs 25,000/-
Sundry exp Rs 2000/-
Sold goods for cash Rs 1,00000/-

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