Tally Prime Practice Assignment 3

 

Assignment No.3.

 

Create  a company ‘M/S Albert & Brothers’

 

1) Albert starts business with Rs. 50,000. He opens a bank account and deposits Rs. 20,000.

2) Bought furniture for Rs.5,000, machinery for Rs. 10,000.

3) Purchased goods for Rs. 14,000.

4) Sold goods for Rs.8,000.

5) Purchased goods from Malhotra & Co.Rs.11,000.

6) Paid telephone rent for the year by cheque Rs.500.

7) Bought one typewriter for Rs. 2,100 from  ‘Universal Typewriter Co.’ on credit.

8) Sold goods to Keshav Ram for Rs.12,000.

9) Sold goods to Rajesh Kumar for Rs.2,000 cash.

10) Amount withdrawn from bank for personal use Rs. 1,500.

11) Received cash from Keshav Ram Rs. 11,900 and discount allowed Rs. 100.

12) Paid into bank Rs.5,800.

13) Bought goods  worth Rs.2,100 from Ramesh and supplied them to Suresh at Rs.3,000.

14) Suresh returned goods worth Rs.100, which in turn were sent to Ramesh.

15) Issued a cheque for Rs. 1,000 for rent .

16) Paid salaries to staff Rs.1,500 & received from travelling salesman.

17) Rs.2,000 for goods sold by him, travelling expenses Rs. 100.