Manojis an entrepreneur based in India. He started Techno Enterprises, a merchandising business and intended to use Tally for recording the transactions. Considering his inexperience in using Tally, he appointed Subhash to work as an accountant and gave him a task to prepare a VAT report based on the following transactions. You are required to enter the following transactions and generate a VAT report at the end of the transactions Date Transactions 1-1-2020 Started Techno Enterprises by investing Rs.700,000 Purchased the following items for cash. A5% VAT is applicable on all products 2-1-2020 Name of the item Units Rate per unit Smart LED Television - Samsung 5 35,000 Smart LED Television - Sony 5 40,000 Smart LED Television - LG 110 25,000 Sold the following items for cash Name of the Item Units Rate per unit 4 Smart LED Television - Samsung 40,000 4 42,000 31-1-2020 Smart LED Television Sony 5 30,000 Smart LED Television - LG