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1.a) From the following, first fill up the blanks and also identify accounts whether debit or credit then create Ledger Account in Tally soft ware
1.a) From the following, first fill up the blanks and also identify accounts whether debit or credit then create Ledger Account in Tally soft ware also answer the questions given below the table. Name of the Account Under Amount Debit/Credit No 6 TD 9 | 10 11 Bills receivable Bills Payable Debtors Creditors Bank overdraft Bank Loan Purchase Return Sales Return Purchase Sales Wages Salary Carriage inwards Carriage outwards Building Furniture Rent Paid Commission received Capital Bank 5000 2000 8000 4000 2000 11000 1000 2000 10000 | 35000 2000 | 3000 | 1000 1000 | 15000 8000 4000 1000 | 11000 8000 | 14 15 16 | 17 18 19 20 (3marks) b)Narrate the procedure for creating ledger accounts in the Tally software (3 marks) c) Explain the final data that Mr.Nasser can avail at the end after creating ledger accounts in the software and how it is useful to him (4 marks)
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