BASIC ACCOUNTING WITH TALLY / PEACHTREE

        
 
   

1  

 Create a Company in your name and address   :  
 

Financial year from: Jan 2008
 
2 Create Ledgers

 

 Cash – Rs.50,000 /- ,Capital - Rs.1,00,000/-, Canara Bank - Rs.10,000/-, Canara Bank loan- Rs.25,000/-, Machinery - Rs.50,000/-, Furniture - Rs.15,000/-.
 

3  

 Create Customers
  Bata & Co - Rs.10,000/-
  Binoy & Co - Rs.15,000/-
   
4 Create Vendors
  Ginu & Co - Rs.15,000/-
  John & Co - Rs.10,000/-
   

5  

 Create Inventory (Stock Group, Stock Category, Compound Unit and Stock Item)  
     
Item Name     Std.Cost Selling Price   Unit
  Nirma Bath soap    

         30   

 50    Box/10 Nos (Op:Bal.: 20 pkt)  
  Nirma Washing soap

         20

 40   Box/12 Nos (Op:Bal.: 20 pkt)  
           

6

 Journalize the following transactions (Solve this problem in Tally & Peach tree)
           
  1.1.08  

Purchased 10 pkt  Nirma Bath soap from Ginu & Co (Bill no.198)

  
  1.1.08   Paid to Ginu & Co - Rs10,000/-  
  1.1.08   Sold 8pkt Nirma Bath soap to Binoy & Co (Bill No.101)  
  1.1.08   Received from Binoy & Co - Rs.250/-  
  1.1.08   Cash deposited 10pkt Nirma Washing soap from John & Co (Bill no.290)  
  1.1.08   Sold 10 pkt Nirma Washing soap to Bata & Co (Bill no.102)  
  1.1.08   Paid to John  & Co - Rs.500/- for Bill  No.290  
  1.1.08   Received from Bata & Co - Rs.300/-  for Bill No.102  
  1.1.08   Paid Canara bank loan - Rs.4,000/-