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January 2: The company purchased a building from STN SONS at 30,000 paid with a cheque, number 000076 January 30: The firm borrowed 70,000 from
January 2: The company purchased a building from STN SONS at 30,000 paid with a cheque, number 000076 January 30: The firm borrowed 70,000 from Consolidated bank as a loan and was transferred into the company's bank account with ECOBANK February 1: The company purchased motor vehicle costing 15,000 and paid by a cheque, number 000077 February 2: The company received 60,000 with cheque number 222444 as consultation fees for services rendered. June 1: Paid 50,000 with cheque number 000778 to Consolidated bank as part of loan repayment. June 30: Bought office equipment for 10,000 on credit from JBL Ltd. September 2: Salary paid to employees 6,000 by cash November 1: Payment to Electricity company for charges 6,000 by cash. July 1: Payment to JBL Ltd with cheque number 000779 for furniture bought. Brekusu Brother's accountant was to deduct a withholding tax using the current withholding tax rate. July 30: Paid the 10% withholding tax deducted by cheque 000780 Brekusu Brothers commenced business as Electrical Gadgets dealer with the following as at January 1, 2019. Capital of 700,000 Opening Bank balance 400,000 NOTE go The accountant is to take the following transaction uto NOTE The accountant is to take the following transactions into consideration in preparing the company's account January 30: Debit interest 500 January 31: Bank charges300 January 31: Cheque book issuede 100 REQUIRED 1. Log on to Tally ERP 9 at Directory C:\Users\Public Tally.ERP9\Data to create a company to answer this question. NOTE: The Company must have a. a full Mailing Name and Address b. Statutory Compliance for GH c. Telephone Number, Mobile Number, and E-mail d. appropriate Base Currency Symbol e. Financial Year from f. Books Beginning from [Note: No Tally Vault Password(s) should be used. 2. (a) Create a company for Brekusu Brother's with all the relevant information: contact number, email addresses company name etc (b) Open the relevant ledgers (c) Using the TALLY Accounting package prepare the company account for Brekusu Brother's and extract into EXCEL and PDF the following. a. Statement of Financial Position b. Income Statement c. Bank reconciliation Statement January 2: The company purchased a building from STN SONS at 30,000 paid with a cheque, number 000076 January 30: The firm borrowed 70,000 from Consolidated bank as a loan and was transferred into the company's bank account with ECOBANK February 1: The company purchased motor vehicle costing 15,000 and paid by a cheque, number 000077 February 2: The company received 60,000 with cheque number 222444 as consultation fees for services rendered. June 1: Paid 50,000 with cheque number 000778 to Consolidated bank as part of loan repayment. June 30: Bought office equipment for 10,000 on credit from JBL Ltd. September 2: Salary paid to employees 6,000 by cash November 1: Payment to Electricity company for charges 6,000 by cash. July 1: Payment to JBL Ltd with cheque number 000779 for furniture bought. Brekusu Brother's accountant was to deduct a withholding tax using the current withholding tax rate. July 30: Paid the 10% withholding tax deducted by cheque 000780 Brekusu Brothers commenced business as Electrical Gadgets dealer with the following as at January 1, 2019. Capital of 700,000 Opening Bank balance 400,000 NOTE go The accountant is to take the following transaction uto NOTE The accountant is to take the following transactions into consideration in preparing the company's account January 30: Debit interest 500 January 31: Bank charges300 January 31: Cheque book issuede 100 REQUIRED 1. Log on to Tally ERP 9 at Directory C:\Users\Public Tally.ERP9\Data to create a company to answer this question. NOTE: The Company must have a. a full Mailing Name and Address b. Statutory Compliance for GH c. Telephone Number, Mobile Number, and E-mail d. appropriate Base Currency Symbol e. Financial Year from f. Books Beginning from [Note: No Tally Vault Password(s) should be used. 2. (a) Create a company for Brekusu Brother's with all the relevant information: contact number, email addresses company name etc (b) Open the relevant ledgers (c) Using the TALLY Accounting package prepare the company account for Brekusu Brother's and extract into EXCEL and PDF the following. a. Statement of Financial Position b. Income Statement c. Bank reconciliation Statement
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