Q1. Ms. Ameera Al Hatmi, recently returned from UK after completing her post-graduation in hotel management. After a detailed discussion, she was supported by her family to establish a Ibri Food Processing Unit in Ibri. As her husband is an established accounting professional, advised her to use Tally ERP 9.0 to maintaining accounts of her business. She started recording business transactions from 1st April, 2020. She took support from her brother, to create a website with www.ibrifoods.org.om and email-id as services@ibrifoods.org.om to extend her business online throughout Oman. Create a company with the above information and ledger accounts from following: (3 Marks + 7 Marks)

1) Started her business with Capital investment.

2) Purchase Kitchen Equipments and Office Furniture for cash.

3) Opened a current account with Bank Sohar and deposited cash in it.

4) Purchase inputs for food items on credit from Rawan Food Supplier.

5) Purchased Billing Equipments on credit from Majan Electronics LLC.

6) Sold food items to Sohar Bakers on credit.

7) Supplied food items to a family party for free of cost.

8) Paid Electricity Charges, Salaries to Workers and Shop Rent in the end of the month by cash.

solve it by tally program

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