Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mr. Said Al Yaqoobi, an MBA degree holder from UK, worked in software related and financial service company for 5 years. He then started

Mr. Said Al Yaqoobi, an MBA degree holder from UK, worked in software related and financial service company for 5 years. He then started his own business called Muscat Business Solutions on January 1, 2011to provide management consultancy services and he is selling computer accessories also. He wants to maintain all his accounts using Tally 9 from 1st January 2022. S. No.: 1. 2. 3 4 The transactions from 1st January 2022 to 31st January 2022 are given below: 5 6 7 Date Transactions 1-1-2022 Mr. Said introduced capital RO. 40,000 cash. 2-1-2022 He purchased computer for RO.1,050 by cash. 1-2-2022 He opened a bank account with NBO and deposited cash RO. 5,500. 2-2-2022 He paid rent R.O.500 by cash. 1-3-2022 He purchased furniture for R.O.3000 by cash. 2-3-2022 He sold computers for R.O.200 by cash. 31-3-2022 He received interest from NBO R.O.100. You are required to enter the above transactions in Tally 9.0 1. Create Company 2. Create Ledger Accounts 3. Enter the above transaction in respective vouchers

Step by Step Solution

3.41 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

SOLUTION Create Company To create a company in Tally 90 follow these steps a Open Tally 90 and select Create Company from the Gateway of Tally b Enter ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Accounting questions

Question

Define Administration and Management

Answered: 1 week ago

Question

Define organisational structure

Answered: 1 week ago

Question

Define line and staff authority

Answered: 1 week ago

Question

Define the process of communication

Answered: 1 week ago

Question

Explain the importance of effective communication

Answered: 1 week ago

Question

How should a lawyer go about the closing speech?

Answered: 1 week ago