BASIC ACCOUNTING SOFTWARE LAB PROJECT

REPORT SUBMITTED TOWARDS THE PARTIAL

FULFILLMENT OF

BACHELOR OF COMMERCE (HONOURS)

BASIC ACCOUNTING SOFTWARE FOR COMMERCE LAB

PROJECT REPORT

Batch: 2022-2025

Submitted By: PROJECT GUIDE

Name of student: Pragya Verma Name: Bhanuj Sobti

Enrollment No:04219588822 Designation: professor

DON BOSCO INSTITUTE OF TECHNOLOGY

(Affiliated to Guru Gobind Singh Indraprastha University, New Delhi)

1
 Index for Basic Accounting Software Lab Project Report

Sl. Description Page

No. No.
1 Cover page
Index page
Certificate
Declaration
Acknowledgement
2 Basic Accounting Software Lab
a. Hardware Requirement details
b. Software Requirement details
3 Introduction to Accounting Software ‘TALLY.ERP 9’
4 Screen Shots and Descriptions
a. Installation of Tally (Screenshots)
b. Opening of Tally (Description and screen shots)
c. Details of Working in Tally (Description and screen
shots)
5 Question and Solution on creation a new company procedure on
Tally software application along with Basic Configurations
(Screenshots)
6 Question and solution on Tally software application related
to creation of Ledgers, posting Journal entries through
vouchers and Trial Balance (screenshots)
7 Questions and solution on Maintenance of cash Book
8 Question and solution on Reconciliation of Cash Book with
Bank Statements. (Screenshots)
9 Questions and solution on Inventory or Stock (screenshots)
10 Questions and solution on Fixed Assets Valuation (screenshots)
11 Question and solution on Generation of Financial Reports
(Screenshots)

2
 CERTIFICATE

TO WHOM SO EVER IT MAY CONCERN

This is to certify that the Research Methodology for Commerce project work
“Basic Accounting Software Lab Project” made by Pragya
Verma ,B.COM(Hons),04219588822 is an authentic work carried out by his/her
under guidance and supervision of Project of Mr. Bhanuj Sobti.

The project report submitted has been found satisfactory for the partial fulfillment
of the degree of Bachelor of Commerce (Honours).

Project Supervisor

Signature

Name

3
 ACKNOWLEDGEMENT

It is in particular that I am acknowledging my sincere feeling towards my mentors who graciously gave
me their time and expertise.

They have provided me with the valuable guidance, sustained efforts, and friendly approach. It would
have been difficult to achieve the results in such a short span of time without their help.

I deem it my duty to record my gratitude towards the Mr. Bhanuj sobti who devoted his/her precious
time to interact, guide and gave me the right approach to accomplish the task and also helped me to
enhance my knowledge and understanding of the project.

Signature:

Name of Student:

Pragya Verma

Enroll. No:

04219588822

Course:

B.Com(Hons)

Class/Section:

Semester:3rd

4
 DECLARATION

I hereby declare that the following documented Project report titled “Basic Accounting Software Lab
Project” is an original and authentic work done by me for the partial fulfillment of Bachelors of
Commerce (Honours) degree program.

I hereby certify that all the Endeavour put in the fulfillment of the task are genuine and original to the best
of my knowledge & I have not submitted it earlier elsewhere.

Signature:

Name of Student:

Pragya Verma

Enrollment No.:

04219588822

Course:

B.Com(hons)

Semester: 3rd

5
 BASIC ACCOUNTING
SOFTWARE
Accounting software manages and records the day-to-day financial
transactions of an organization, including fixed asset management, expense
management, revenue management, accounts receivable, accounts
payable, subledger accounting, and reporting and analytics. A complete
accounting system keeps track of an organization’s assets, liabilities,
revenues, and expenses. These transactions then populate the general
ledger in real time, providing CFOs, treasurers, and controllers immediate
access to real time, accurate financial data. It also allows P&L owners
visibility into their performance at the operational level.

The systematic recording of these financial transactions enables the

production of quarterly and annual financial statements, including balance
sheets, income statements, statements of cash flows, and statements of
stockholders’ equity. Accounting software is a key component of an
enterprise resource planning (ERP) system.

There are two types of accounting requirements:

1. Hardware Requirement Details
2. Software Requirement Details

6
 HARDWARE REQUIREMENTS
The hardware requirements for accounting software can vary depending on the
specific software you're using and the size and complexity of your accounting
operations. However, here are some general hardware requirements that are typical
for most accounting software:
1. Computer:
 Processor (CPU): A modern multi-core processor (e.g., Intel Core i5 or
i7, AMD Ryzen).
 RAM (Memory): 8 GB or more for efficient performance.
 Hard Drive: SSD (Solid State Drive) is recommended for faster data
access.
2. Operating System:
 Most accounting software supports multiple operating systems, including
Windows, macOS, and sometimes Linux. Ensure that your computer runs
a compatible operating system.
3. Internet Connection:
 A stable and reasonably fast internet connection is essential for online
accounting software, updates, and cloud-based features.
4. Monitor:
 A monitor with a resolution of 1280 x 1024 pixels or higher is
recommended for better visibility and usability.
5. Web Browser:
 For web-based accounting software, use a modern and secure web browser
such as Google Chrome, Mozilla Firefox, or Microsoft Edge.
6. Printer:
 If you need to print invoices, reports, or other documents, ensure
compatibility with your accounting software and have access to a reliable
printer.
7. Backup System:
 Implement a regular backup system to protect your financial data. This
may involve an external hard drive, cloud-based backup, or a dedicated
backup service.
8. Security Measures:
 Install and maintain security software, including antivirus and anti-
malware programs, to protect your system from potential threats.

7
 SOFTWARE REQUIREMENTS
Software requirements for accounting software can vary based on the specific
application and its features. However, here are some general software requirements
commonly associated with accounting software:
1. Operating System:
 Most accounting software is designed to run on popular operating systems
like:
 Windows (versions 7, 8, 10)
 macOS
 Linux (for some applications)
2. Database Software:
 Accounting software often relies on a database to store and manage
financial data. Commonly used databases include:
 MySQL
 Microsoft SQL Server
 PostgreSQL
3. Web Browser:
 For cloud-based or web-based accounting software, a modern web
browser is required. Commonly supported browsers include:
 Google Chrome
 Mozilla Firefox
 Microsoft Edge
 Safari
4. Java Runtime Environment (JRE) or .NET Framework:
 Some accounting software may require Java or .NET framework to be
installed on the system. Check the software documentation for specific
requirements.
5. Adobe Reader or Equivalent:
 Many accounting software applications generate reports and documents in
PDF format. Having a PDF reader like Adobe Reader installed can be
beneficial.
6. Internet Connection:
 For cloud-based accounting software or applications that require online
updates, a stable internet connection is necessary.

8
 INTRODUCTION TO ACCOUNTING SOFTWARE
‘TALLY.ERP 9’

Step 1: Launch Tally. ERP 9

Step 2: Select "Create Company"

9
Step 3: Company Creation Form

Step 4: Enter Company Name and Address

10
Step 5: Set Financial Year and Books Beginning Date

Step 6: Provide Security Control Information

11
Step 7: Enable/Disable Features .

Step 8: Accept and Save

12
Step 9: Confirmation

13
 JOURNAL ENTRIES
1. Business started with cash Rs. 20,00,000

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

Cash account. 20,00,000
Dr 20,00,000
To Capital account.
(Being business started with cash)

2. Cash deposited in SBI a/c Rs. 10,00,000

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

SBI's account. Dr 10,00,000
To Cash account. 10,00,000
(Being cash deposited in SBI)

14
3. Cash deposited in PNB a/c Rs. 5,00,000

Date Particular L.F Dr.(Rs.) Cr(Rs.)

PNB's account. Dr 5,00,000
To Cash account 5,00,000
(Being cash deposited in PNB)

4. Furniture purchased payment made by SBI cheque Rs. 1,00,000

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

Furniture account Dr 1,00,000
To SBI's account. 1,00,000
(Being Furniture purchased from cheque)

15
5. Machinery purchased from Tarun Rs. 1,50,000

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

Machinery account. Dr 1,50,000
To Tarun’s account. 1,50,000
(Being Furniture purchased from Tarun on
credit)

6. Goods purchased from Harish Rs. 50,000

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

16
 Purchase account. 50,000
To Harish’s account. 50,000
(Being goods purchased from Harish)

7. Goods sold to Jai Rs. 2,00,000.

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

Jai’s account. 2,00,000
To Good sold account 2,00,000
(Being good sold to jai)

8. Goods returned to Harish Rs 1000.

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

17
 Harish’s account. 1000
To purchase return account 1000
(Being good returns to Harish)

9. Rs. 45,000 paid to Harish in full settlement of his account. (Discount received = 4,000).

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

Harish’s account. 49,000
To cash account. 45,000
To discount received account. 4,000
(Being cash paid to Harish and received
discount

10. Goods returned by Jai Rs. 10,000

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

18
 Goods returned account. 10,000
To Jai’s account. 10,000
(Being good returned by jai)

11. Rs. 1,80,000 cheque (PNB a/c) received from Jai in full settlement. (Discount allowed =
10,000).

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

PNB’s account. 1,80,000
Discount allowed account. 10,000
To Jai’s account. 1,90,000
(Being money received from jai and allowed
discount)

12. Cash withdrawn from SBI for personal use Rs. 5,000.

19
 Date Particular L.F Dr.(Rs.) Cr.(Rs.)
Drawing’s account. 5,000
To SBI account. 5,000
(Being money withdrawn for personal use)

13. Depreciation on furniture Rs. 10,000.

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

Depreciation account. 10,000
To Furniture account. 10,000
(Being depreciation charged from Furniture)

14. Loan taken from ICICI Bank deposited in SBI Rs. 1,00,000

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

20
 SBI account. 1,00,000
To loan account. 1,00,000
(Being loan taken from ICICI bank)

15. Interest charged by ICICI Rs. 10,000.

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

Interest on loan account. 10,000
To loan account. 10,000
(Being Interest on loan charges)

16. Loan paid back along with interest to ICICI Rs. 1,10,000 through SBI.

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

21
 Loan account. 1,10,000
To SBI account. 1,10,000
(Being loan paid back with interest)

17. Loss of goods by theft Rs. 1,000.

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

Loss by theft account. 1,000
To Goods account. 1,000
(Being loss due to theft of goods)

18. Investment made in Reliance Info COMM by SBI cheque Rs. 70,000

Date Particular L.F Dr.(Rs.) Cr.(Rs.)

22
 Investments account. 70,000
To SBI account.
(Being investment made in Reliance info com) 70,000

Oct 1 Cash balance

Oct. 01 Bank balance

23
Oct. 02 Cash received from sale of shares

Date Particulars L. Dr. (Rs.) Cr. (Rs.)

F
Oct 02 Cash A/c Dr 12000
To Sales A/c 12000
(being cash received from sale of share)

24
Oct. 02 Paid into Bank

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 02 Bank A/c Dr 10000
To Cash A/c 10000
(being paid into bank)

Oct. 03 Paid Amrit by cheque

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 03 Amrit A/c Dr 2400
To Bank A/c 2400
(being paid Amrit by cheque)

25
Oct. 03 Received cheque from Amit

Allowed him discount

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 03 Bank A/c Dr 1960
Discount Allowed A/c Dr 40
To Amit A/c 2000
(being received cheque from Amit)

Oct. 04 Paid wages by cash

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 04 Wages A/c Dr 500
To Cash A/c 500
(being paid wages by cash)

26
Oct. 16 Bought goods for cash

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 16 Purchases A/c Dr 1200
To Cash A/c 1200
(being bought goods for cash)

Oct. 18 Paid for stationery cash

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 18 Stationary A/c Dr 300
To Cash A/c 300
(being paid for stationary in cash)

27
Oct. 19 Paid Hema by cheque

Discount allowed by her

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 19 Hema A/c Dr 800
To Bank A/c 750
To Discount Received A/c 50
(being paid Hema by cheque and discount
allowed by her)

Oct. 19 Drawn from Bank

Date Particulars L. Dr. (Rs.) Cr. (Rs.)

F
Oct 19 Cash A/c Dr 640
To Bank A/c 640
(being drawn from bank)

28
Oct. 20 Received from cash sales

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 20 Cash A/c Dr 340
To Sales A/c 340
(being received from cash sales)

Oct. 24 Cash withdrawn for personal use

Date Particulars L. Dr. (Rs.) Cr. (Rs.)

F
Oct 24 Drawings A/c Dr 400
To Bank A/c 400
(being cash withdrawn for personal use)

29
Oct. 24 Received from Dev Anand

Allowed him discount

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 24 Cash A/c Dr 3600
Discount Allowed A/c Dr 150
To Dev Anand A/c 3750
(being received from Dev Anand and allowed him
discount)

Oct. 25 Paid into bank

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 25 Bank A/c Dr 400
To Cash A/c 400
(being paid into bank)

30
Oct. 26 Issued cheques for purchases

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 26 Purchases A/c Dr 400
To Bank A/c 400
(being issued cheques for purchases)

Oct. 26 Paid salary by cash

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 26 Salary A/c Dr 650
To Cash A/c 650
(being paid salary by cash)

31
Oct. 27 Received cheque from Sanjay and paid into Bank

Date Particulars L.F Dr. (Rs.) Cr. (Rs.)

Oct 27 Bank A/c Dr 800
To Sanjay A/c 800
(being received cheque from Sanjay and paid into
bank)

Oct. 27 Drew cheque for office use

Date Particulars L. Dr. (Rs.) Cr. (Rs.)

F
Oct 27 Cash A/c Dr 600
To Bank A/c 600
(being drew cheque for office use)

32
4. Bank Reconciliation Statement
Capital 350000

33
Cash 100000

Indian bank 300000

34
SUNDRY CREDITORS:
a) Mr.WIN INDIA Was Rs.5000 Bill.No.Ac75

b) Mr. COOL DREAM Was Rs.7000 Bill.No.AG085

35
SUNDRY DEBTORS:
a) Mr. FIVE STAR Ltd Rs.15000 Bill.No,AG076

36
b) Mr. LINE MARK Ltd Rs.20000

37
TRANSACTION DURING THE PERIOD OF APRIL:
1. Paid Telephone Charge Rs.2000 By Cheque [Vodafone] Ch.No.25131
Date Particular P.f Dr Cr
Telephone charge dr 2000
To Indian bank
2000
(being paid telephone charges)

2. Amount Paid to Mr. Win India Was Rs.5000 Against Bill. No. AC075.
Ch.No. 25132
Date Particular P.f Dr Cr
Mr. win India dr 5000
To Indian bank 5000

(being amount paid to mr win india)

38
3. Commission Received by Cheque Rs.10000 Ch.No.75461

Date Particular P.f Dr Cr

10000
Indian bank dr 10000
To commission

(being commission received )

4. 4 Month Salary Rs.10000 By Cheque Paid Ch.No.25133

Date Particular P.f Dr Cr

Salary A/C dr 10000

To indian bank 10000
(being 4 months salary paid)

39
5. Amount Received M/r. Five Star Rs.15000 By Cheque Discount allowed Rs. 750.Ch.No.42678
Date Particular P.f Dr Cr

Indian bank dr 15000

Discount allowed dr 750
To mr five star ltd 15750

6. Dividend Received Rs.29000 By Cheque .Ch.No.13555(Post dated at 9.4.2009)

Date Particular P.f Dr Cr

Indian bank dr 29000

To dividend 29000
(being dividend received)

10 Paid Rent by Cheque Rs.4500 .Ch.No.25134

40
 Date Particular P.f Dr Cr

Rent a/c dr 4500

To Indian Bank 4500

11 Amount Paid to Mr. Cool Dream Rs.7000 By Cheque Discount Received Rs.700 Ch.No.25135

Date Particular P.f Dr Cr

Mr cool dream dr 7700

Indian bank 7000
Discount received 700
(being amount paid to mr cool dream)

16. Interest Received by Cheque Rs.2000 Ch.No.41596

41
 Date Particular P.f Dr Cr
Indian bank dr 20
To interest 00 200
(being interest 0
received )

17. Amount Received Mr. Line Mark Was Rs.19000 Discount Allowed Rs.1000 By Cheque Ch.No.89576
Date Particular P.f Dr Cr

Indian bank dr 19000

Discount allowed dr 1000
To mr. line mark 20000
(being amount received from mr line
mark)

19. Received Branch Income Rs. 25000 By Cheque. Ch.No. 89156

42
 Date Particular P.f Dr Cr

Indian bank dr 25000

To income 25000

(being received branch income)

20. Paid Trade Expenses by Cheque Rs.2500 Ch.No.25137

Date Particular P.f Dr Cr

Trade expenses dr 2500

To indian bank 2500

25. Paid to General Expenses Rs.6000 Ch.No.25138

43
 Date Particular P.f Dr Cr

General expenses dr 6000

To indian bank 6000

(being paid general expenses)

26. Received House Rent Rs.3000 Ch.No.695472

Date Particular P.f Dr Cr

Indian bank dr 3000

To rent 3000

(being received house rent)

27. With Draw From Bank Rs.7000 Ch.No.25139

44
 Date Particular P.f Dr Cr

Cash dr 7000
To indian bank 7000

(being withdraw from bank)

30. Deposit to Bank Rs.9000

Date Particular P.f Dr Cr

Indian bank dr 9000

Cash 9000

(being cash deposited into bank)

45
46
Q5: Transactions:

1. Purchased from Sridhar 40000 B.No 25 Interest 2%P.M

47
2. Purchased from Srikanth 35000 B.No 85 Interest 24%P.A
Date Particular P.f Dr Cr

Purchases A/c dr 35000

To Srikanth 35000
(Being Purchase goods from
Srikanth)

48
3. Sold goods to Mohan 35000 (Trade Discount 5%) B.No 1 Interest

2%P.M

49
4. Purchased from Ramu 42000 B.No 33 Interest 2%P.M
Date Particular P.f Dr Cr

Purchases A/c dr 42000

To ramu 42000
(Being Purchase goods from Ramu)

50
5. Returned goods to Srikanth 2000 B.No 85
Date Particular P.f Dr Cr

Srikanth A/c dr 2000

To purchase return 2000
(Being goods return to Srikanth)

6. Goods returned by Mohan 1000 B.No 1

Date Particular P.f Dr Cr

Mohan A/c dr 1000

To purchase return 1000
(Being goods return by Mohan)

51
7. Sold to Sridevi Stores 20000 B.No 2 Interest 3%P.M
Date Particular P.f Dr Cr

Sridevi stall dr 20000

To sales 20000
(Being Goods Sale to Sridevi Store)

52
8. Sold to Sireesha’s Stall 10000 B.No 3 Interest 2%P.M
Date Particular P.f Dr Cr

Sireesha stall A/c dr 10000

To sales 10000
(Being Goods Sale to Sireesha stall)

53
9. Returns goods to Sridhar 4000 B.No 25
Date Particular P.f Dr Cr

Purchase returned dr 4000

To Sridhar 4000
(Being goods return to Sridhar)

10. Bought goods from Srikanth for cash 50000

54
11. Purchased from Anusha& Co 42000 B.No 105 Interest 2%P.M
Date Particular P.f Dr Cr

Purchase A/c dr 42000

To Anusha & co. 42000
(Being Purchase goods from Anusha&
Co)

55
12. Sold to Rami Reddy 20000 B.No 4 Interest 3%P.M

56
13. Goods returned from Sireesha’s Stall 1000 B.No 3

Date Particular P.f Dr Cr

Sale returned A/C dr 1000

To sireesha’s stall 1000
(Being goods return by Sireesha)

57
14. Sold to Sarathi 80000 B.No 5 Interest 3%P.M
Date Particular P.f Dr Cr

Sarathi A/c dr 80000

To sales 80000
(Being Goods Sale to Sarathi)

58
15. Purchased from Rao Enterprises 65000 B.No 108 Interest 2%P.M

Date Particular P.f Dr Cr

Purchases A/c dr 65000

To rao enterprises A/c 65000
(Being Purchase goods from Rao
Enterprises)

59
16. Returned goods to Anusha& Co 1500 B.No 105

Date Particular P.f Dr Cr

Anusha & co. A/c dr 1500

To purchase returned 1500
(Being goods return to Anusha& Co)

17. Sales to RangaRao (Trade Discount 10%)18000 B.No 6

Date Particular P.f Dr Cr

Ranga rao A/c Dr 18000

To sales A/c 18000
(Being Goods Sale to Ranga rao)

60
18. VengalaRao Sold goods to us 27000 B.No 111 Interest 2%P.M

Date Particular P.f Dr Cr

VengalaRao A/c dr 27000

To sales A/C 27000
(Being Purchase goods from Vengala
Rao)

61
Q6. The following would be recording in journal using double entry
system. Do the posting process from journal entries and prepare the Trial
balance, Trading a/c, Profit & loss a/c and balance sheet with inventory
maintain in the books of M/s. ISPAT CO for the following year 2023 to
2024.

62
63
64
65
66
67
• Sony TV 15nos Rs.5500

68
• Sony I-pad 15nos Rs.500

• Lenovo laptop 7nos Rs.12000

69
• Micro max phone 8nos Rs.2000

70
TRANSACTION DURING THE PERIOD:
1. Purchased on credit from Mr. CITIZEN for the followings
• LC-10121 calculator 20nos Rs.1200
• USB 17nos Rs.2300
• Laptop battery 22nos Rs.2100 bill no:236 (35 days)
Date Particular P.f Dr Cr

LC-10121 calculator Dr 2400

USB Dr 39100
Laptop battery Dr 46200
To Mr. CITIZEN 109300

(Being Goods Purchased from Mr. Citizen)

71
2. Withdraw from bank for office use Rs.5000
Date Particular P.f Dr Cr

Office Expenses A/c Dr 5000

To Bank 5000

(Being Cash Withdrawn for Office Use)

3. Purchased on credit from Mr. Micro Max for the followings

• Phone display 20nos Rs.500. Bill no: 12 (25 days)
Date Particular P.f Dr Cr

Phone display A/c Dr 10000

To Mr. Micro MaxA/c 10000

(Being Goods purchased on Credit)

72
4. Deposit into bank Rs.10,000
Date Particular P.f Dr Cr

Bank Dr 10000
To Cash 10000
(Being Cash Deposited into Bank)

73
5. Sold goods on credit to Mr. BENN for the followings
• Sony TV 10nos Rs.7500
• Lenovo laptop 4nos Rs.15000. Bill no: 34 (15 days)
Date Particular P.f Dr Cr
Mr. BENN
To Sony TV 135000
To Lenovo laptop 75000
60000
(Being Goods Sold to Mr. Ben on Credit)

74
6. Return goods to Mr. CITIZEN for the followings
• LC-10121 calculator 3nos Rs.1200
• Laptop battery 2nos Rs.2100 again bill no:236
Date Particular P.f Dr Cr

Mr. CITIZEN 3300

To LC-10121 calculator 3600
To Laptop battery 4200
(Being Goods Returned to Mr. Citizen)

75
7. With Draw for Proprietors Own Use Rs.7000
Date Particular P.f Dr Cr

Drawings A/c 7000

7000
To Cash
(Being Cash Withdrawn for Personal
Use)

76
8. Sold Goods to Mr. NETWORK for the followings
• Laptop Battery 15nos Rs.3000
• Phone Display 12nos Rs.750 bill no: 67 (24 days)
Date Particular P.f Dr Cr

Mr. NETWORK Dr 3750

To Laptop Battery 45000
To Credit: Phone Display 9000
(Being Goods Sold to Mr. Network)

77
9. Paid Salary Rs.5000
Date Particular P.f Dr Cr

Salary Expense 5000

To Cash (Asset) - Rs.5000 5000
(Being Salary Paid)

10. Received Interest Rs.7500

Date Particular P.f Dr Cr

Bank 7500
To Interest Received 7500
(Being Interest Received)

78
11. Return by Goods Mr. BENN for the followings
• Sony TV 2nos Rs.7500
• Lenovo Laptop 1nos Rs.15000. Again bill no: 34
Date Particular P.f Dr Cr

Mr. BENN A/c Dr 22500

To Sony TV 15000
To Lenovo Laptop 7500
(Being Goods Returned by Mr. Benn)

79
12. The Stock of LC10121 calculator 3nos transferred to Chennai branch.
Date Particular P.f Dr Cr

Chennai Branch 3600

To LC-10121 calculator 3600

13. After Stock Verify the manual inventory the stock of Sony I-Pad 10nos
only

80
Profit and Loss:

Balance Sheet:

81
82