Tally Prime GST Assignment 1

 

Practice Exercise -1

 

GST ENTRY (28%)

 

Mr. Kumar start business                                  2000000

Cash Deposit In Axis Bank                                 100000

Cash Withdrawn in Axis Bank                                   2000

Goods Purchase (Local)  (28%)

20 PCS Monitor @4500

(HSN CODE-85285100)

20 PCS Router @3700

(HSN CODE- 85176930)

Goods Purchase RD Corporation (Punjab)(28%)

10 PCS Wireless Microphone @1500

(HSN CODE-85255050)

10 PCS Portable Speaker @450

(HSN CODE-85182900)

Goods Purchase Mittal Corporation (Local) (28%)

10 PCS Optical Fiber Cable @1800

(HSN CODE-85447010)

10 PCS Multi Media Speaker @850

(HSN CODE-85198990)

Goods Sold (Local)

10 PCS Monitor @4800

10 PCS Router @4000

Goods Sold To URD Pvt Ltd.(Gujrat)(28%)

7 PCS Wireless Micro Phone@1800

5 PCS Portable Speaker @550

Goods Sold to URD Ltd. (Delhi)(28%)

5 PCS Optical Fiber Cable @2200

5 PCS Multimedia Speaker @8700

Salary Paid                            10000

Freight Charges                    1500

Labor Paid                             2000 

Daily Exp                                700