Answered step by step
Verified Expert Solution
Question
1 Approved Answer
With the voucher types 4. Record the following transactions in Tally. ERP 9 Date 2018 Jan 1 Amount (in RO) 50000 25000 45000 25000 12500
With the voucher types
4. Record the following transactions in Tally. ERP 9 Date 2018 Jan 1 Amount (in RO) 50000 25000 45000 25000 12500 (Dr) 10000 (Cr) 20000 ? 50000 30000 10000 Jan 2 Jan 31 Feb 1 Feb 2 15000 Mar 1 Mar 2 Mar 31 Apr 1 Apr 2 Opening Balances : Bank A/C Cash A/C Machinery A/C Furniture A/C National Industrial Services Co LLC A/C Jabal Oman LLC A/C Loan from bank against machinery Capital A/C Brought additional capital into business Deposited into bank Purchased goods from Voltamp Manufacturing Co. LLC and got 10% trade discount Sold goods to Al-Nahdah Construction And Energy Services and offered 5% trade discount Goods returned to Voltamp Manufacturing Co. LLC Cash Sales Paid to Voltamp Manufacturing Co. LLC Goods returned by Al-Nahdah Construction And Energy Paid Carriage inwards Received Commission by cheque Paid Jabal Oman LLC in full settlement Received from Al-Nahdah Construction And Energy Services by cheque Sold Furniture worth of RO 2500 for RO 2800 Goods taken by proprietor for personal use Paid Wages Withdrew from bank Goods distributed as free samples Paid Carriage Outwards Purchased goods from Galfar Engineering & Contracting LLC and got 6% cash discount Paid to Voltamp Manufacturing Co. LLC in full settlement Sold Machinery worth of RO 4000 for RO 3600 Received from Al-Nahdah Construction And Energy Services in full settlement Purchased Equipment from Middle West Oilfield Services Cash taken by proprietor for personal use Paid salaries through bank transfer 2000 25000 4000 3000 300 2600 9500 6000 May 1 May 2 May 31 June 1 June 2 July 1 July 2 July 31 Aug 1 1000 3400 4000 4500 250 6000 Aug 2 2600 Sep 1 Sep 2 Oct 1 5000 Oct 2 Oct 31 Nov 1 30000 2000 7500Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started