Front Page Soumya

STREAM: B.
COM(H)
SEMESTER: 6th SEM
CU ROLL NO: 181054-21-0108
CU REGISTRATION NO: 054-1111-0428-18
SESSION: 2020-2021
SUBJECT: COMPUTERISED ACCOUNTING
PROJECTS USING TALLY ERP 9
FOR NORMAL LEDGER ENTRIES
1/4/2018 Mr. X started a company ASG Enterprise bringing in cash Rs 300000

Mr X Capital a/c under Capital Account Credit Cash a/c Debit Receipt Voucher
2/4/2018 Mr X paid Rs 22000 in cash to purchase a computer having no disposal value at the end of 4
years depreciated using straight line method
Computer a/c under Fixed Asset Debit, Cash a/c Credit Payment Voucher
2/4/2018 Mr X opened a Bank a/c with HDFC Bank by depositing cash of
Rs.100000
HDFC a/c under Bank a/c Debit, Cash a/c Credit Contra Voucher
2/4/2018 Mr. X rented an office for Rs 2500 /month on 1/4/2018 paying a security deposit of Rs 25000 by cheque
Security deposit-Office A/c under Ceposit(Asset) Debit, HDFC a/c Credit Payment Voucher
2/4/2018 He hired Mr. Y as Manager and Mr Z as Asst. Manager on a monthly salary of Rs 7500 and Rs
4000 respectively
2/4/2018 He made an arrangement with Raj Travels to receive bills for travel expenses at regular
intervals 2/4/2018Mr X issued a cheque for purchasing following Fixed Assets
Cell Phone Rs 6000
Furniture Rs 20000
Air conditioner Rs 20000
Electrical Fitting Rs 51000
from HDFC Bank
Ledgers under Fixed Asset Debit, HDFC a/c Credit Payment Voucher
2/4/2018 Mr X has obtained a mobile ohone connection from Planet M by paying a deposit of Rs 3000 by cash
Security Deposit-Mobile under Deposit(Asset) Debit, cash a/c Credit Payment Voucher
2/4/2018 He purchased Stationary Consumables worth Rs12000 frome Global House on credit
Stationary Expenses under Indirect Expenses Debit, Global House under Sundry Creditor Credit Journal
Voucher
2/4/2018 He signed a contract with Silver Line to provide consultancy services at an agreed price of Rs 75000
and got Rs25000 by cheque as advance
Subgroup Advance from Customer under Current Liabilities. Advance Consulting Revenue under
Advance from Customer Credit, HDFC a/c Debit Receipt Voucher
2/4/2018 He received an invoice for Rs6000 from Ink & Paper for printing office Stationary
Ink & Paper under Sundry Creditor Credit, Stationary Expense a/c Debit Joutnal Voucher
2/4/2018 Mr X has deposited Rs50000 cash in HDFC Bank
Cash a/c Credit HDFC a/c Debit Contra
Voucher 2/4/2018He withdrew Rs7500 cash for personal use
Withdrawal a/c under Capital a/c Debit, cash a/c Credit Payment Voucher
2/4/2018 Mr X has paid Rs750 in cash towards Office Maintenance for April 3019
Office Maintenance Exp a/c under Indirect Expense Debit, Cash a/c Credut Payment
Voucher 1/5/2018He paid Rs6000 in cash to Ink & Paper
Ink & Paper Debit, Cash a/c Credit Payment Voucher
5/5/2018 He paid a cheque of Rs2500 towards office Rent for April
2018
Rent Expenses under Indirect Expenses Debit, HDFC a/c Credit Payment Voucher
6/5/2018 He paid salaries to Mr Y & Mr Z by cheque Rs6500 and Rs3900(25days) for April 2018
Salary Expenses under Indirect Expenses Debit, HDFC a/c Credit Payment Voucher
7/5/2018 He received and paid his mobile phone bill Rs1250 in cash for A[ril2018
Telephone Exp a/c under Indirect Expense Debit, Cash a/c Credit Payment
Voucher 10/5/2018 He issued a cheque of Rs12500 to Global House
Global House a/c Debit, HDFC a/c Credit Payment Voucher
12/5/2018 Mr X paid Rs1100 in cash towards Electricity Charge for April 2018
14/5/2018 He received a further advance of Rs25000 from Silver Line by cheque
Advance Consulting Revenue Credit, HDFC a/c Debit Receipt Voucher
15/5/2018 He reimbursed Conveyance bill amounying to Rs650 in cash to Mr Y
Conveyence Exp a/c under Indirect Expanse Debit, Cash a/c Credit Payment Voucher
18/5/2018 Mr X has paid Rs150 in cash towards miscellaneous office expense
20/5/2018 He received Rs15000 as consulting revenue in cash from Omega Infotech
Consulting Revenue under Direct Income Credit, Cash a/c Debit Receipt
Voucher
25/5/2018 Mr X raised an invoice for Rs75000 on Silver Line after completion of the service. Silver Line paid the
balance amount Rs25000 in cash after deducting the advance.
Consulting Revenue a/c Credit 75000, Cash a/c Debit 25000, Advance Consulting Revenue
50000 28/5/2018 Withdrew Rs6000 cash for personal use
1/6/2018 Paid Rs2500 in cash towards Office rent for May2018
1/6/2018 He paid salaries by cheque for May2018
2/6/2018 He received an invoice for Rs5500 from Raj Travels incliding Rs2300 towards Cab Charges and Rs3200
towards Outstation tours
Cab Hiring exp a/c & Tour Expence under Indirect Expense both Debit, Raj Travels Credit Journal
Voucher
2/6/2018 He received Rs35000 in cash as consulting Revenue from Eateries Food Chain
Consulting Revenue a/c Credit, Cash a/c Debit Receipt Vouch
3/6/2018 He deposited Rs30000 in HDFC
4/6/2018 Paid Mobile bill of Rs1350 by cheque
16/6/2019 He reimbursed conveyance bill of Rs750 in cash to Mr Y
21/6/2018 He paid Rs1250 in cash towards electricily bill
22/6/2018 He paid Rs750 towards Office maintenance for May2018
23/6/2018 He paid cash Rs3000 as salary advance to Mr Z
Salary advance a/c under Loans & Advance(asset) Debit, Cash a/c Credit Payment Voucher
1/7/2018 He raised an invoice for Rs65000 on Alfatech for services provided
Alfatech under Sundry Debtors Debit, Consulting Revenue Credit Journal Voucher
2/7/2018 Mr X subscribed for the Management Consultant Journal paying Rs2400 by chwque. Subscription period
is from July2016 to June 2018
Prepaid journal Subscription a/c under current Assets Dwbit, HDFC a/c Credit Payment Voucher
2/7/2018 Paid salary for June2018 by cheque. Advance to Mr Z adjusted
Salary Expenses Debited Rs12000. Salary Advance Credited Rs3000, HDFC a/c Credited Rs9000
Payment Voucher
2/7/2018 Paid Office Rent for June2018 by cheque
2/7/2018 Received Rs35000 by cheque from Alphatech
Alphatech a/c Credited, HDFC a/c Debited Receipt Voucher
2/7/2018 Paid Rs750 cash for Office Maintenance
2/7/2018 Paid Rs850 in cash towards Electricity Charges
2/7/2018 Paid Rs1650 by cheque as Nobile bill for June2018
25/7/2018 Reimbursed conveyance bill of Rs550 in cash to Mr Y
28/7/2018 Withdrew Rs6500 cash for personal use
2/8/2018 Mr X hsd paid by cheque Rs6000 for Insurance of Fixed Assets. The period is from Aug2017 to July2018
Prepaid Insurance unser Current Assets Debit, HDFC a/c Credit Payment Voucher
2/8/2018 Received Rs30000 in cash as Consulting Revenue from World X Forum.
5/8/2018 Paid salaries by cheque for July2018
10/8/2018 Paid Office Rent by cheque
12/8/2018 Withdrew Rs25000 from HDFC bank
14/8/2018 Paid Rs750 in cash towards office maintenance for July2018
16/8/2018 He raised an invoice for Rs25000 on Medilive Production for Securities provided. Terms of credit is
30days
Medilive Product a/c under Sundry Debtord Debited, Consulting Revenue Credit Journal Voucher
18/8/2018 Paid Rs950 in cash for Electricity Charge
20/8/2018 Paid Rs2100 by cheque towards mobile bill of July2018
21/8/2018 Medilive Production settled the bill for a final amount of Rs48000 by paying Rs20000 in cash and
Rs28000 by cheque
Medilive Production a/c Credit 50000, Cash a/c Debit Rs20000, HDFC a/c Debit 28000, Discount
Expense under Indirect Expense Debit Rs2000 Receipt Voucher
27/8/2018 Withdrew Rs7000 in cash for personal use
28/8/2018 Received Rs30000 by cheque from Alphatech
Alphatech a/c Credit HDFC a/c Debit Receipt Voucher
29/8/2018 Reimburse Conveyance bill to Rs1200 in cash to Mr Y
2/9/2018 Paid Rs3800 in cash for Repair & Maintenance of Office
Repair & Office Maintenance a/c under Indirect Expense Debit, Cash a/c Credit Payment Voucher
5/9/2018 Paid Salaries for Aug2018 by cheque
8/9/2018 Paid Office Rent for Aug2018 by cheque
9/9/2018 Received an invoice for Rs7500 from Raj Travels which includes cab hiring charge Rs4500 and
outstation tours Rs3150
12/9/2018 Paid Rs750 in cash towards Office maintenance
15/9/2018 Received Rs25000 in cash as consulting Revenue from Cam & Cut Production.
17/9/2018 Paid Rs1300 in cash towards Electricity Charge
20/9/2018 Reimbursed Conveysnce bill of Rs500 in cash to Mr Y
23/9/2018 Paid Rs10000 by cheque to Raj Travels
24/9/2018 Paid Rs1750 by cheque towards mobile bill for Aug2018
3/10/2018 Received Rs50000 in cash as consulting Revenue from Xceed Production.
5/10/2018 Paid Office Rent for Sep2018 by cheque
8/10/2018 Paid salaries by cheque for Sep2018
12/10/2018 Purchased Stationary items worth Rs1600 in cash
15/10/2018 Received Rs15000 in cash as consulting Revenue from Samaritan Production.
18/10/2018 Paid Rs1700 in cash towards Electricity Charge for Sep2018
20/10/2018 Paid Rs2300 by cheque towards mobile bill for Sep2018
23/10/2018 Mr X introduced further Capital of 100000 by cash
Mr X Capital a/c Credit, Cash a/c Debit Receipt Voucher
24/1/2018 Deposited cash of Rs 25000 in HDFC Bank
28/10/2018 Entered into a contract with Planet M for providing services at an agreed price of Rs35000.An
advance of
Rs10000 was received by cheque.
Advance Consulting Revenue a/c Credit, HDFC a/c Debit Receipt Voucher
5/11/2018 Paid salaries by cheque for Oct2018
10/11/2018 Received Rs27500 by cheque as consulting revenue from Trishul Software,
12/11/2018 Paid Office Rent for Oct2018 by cheque
15/11/2018 Planet M has terminated their contract & advance of Rs10000was refunded by cheque.
Advance consulting Revenue a/c Debit, HDFC a/c Credit Payment Voucher
20/11/2018 HDFC Bank intimated Mr X that the cheque of Trishul Software for Rs27000 had bounced.
Trishul has
been informed and they promised to it in few days
Trishul software under Sundry Debtors Debit, HDFC a/c Credit Journal Voucher
21/11/2018 Paid Rs950 in cash towards Electricity Charge for Oct2018
23/11/2018 Mr X has received Rs12500 in cash from Trishul Software.
25/11/2018 Paid Rs1470 by cheque towards mobile bill for Oct2018
27/11/2018 Reimbursed Conveyance bill of Rs500 in cash to Mr Y
30/11/2018 Withdrew Rs6500 cash for personal use.
3/12/2018 The statement received fron HDFC Bank shows that the bank has charged Rs550 as cheque
bouncing
charges and Rs330 as cheque charges. Bounce charge has to be recovered from Trishul Software.
Trishul Software a/c Debit, Bank Charges under Indirect Expenses Debit, HDFC a/c Credit Jounal
Voucher
5/12/2018 Paid Office Rent for Nov2018 by cheque
6/12/2018 Paid salaries by cheque for Nov2018
9/12/2018 Received Rs50000 by cheque as consulting revenue from Unigrand Software.
10/12/2018 Withdrew Rs30000 cash from HDFC Bank.
HDFC a/c Credit, Cash a/c Debit Contra Voucher
11/12/2018 Paid Rs750 in cash towards Office maintenance.
15/12/2018 Mr X has purchased Office equipments worth Rs12000 on credit from Transform Tech. Asset
does not
have any disposal value after its useful life of 6 years.
Office Equipments a/c under Fixed Assets Debit, Transform Tech under Sundry Creditors Credit
Journal
Voucher.
16/12/2018 Paid Rs850 in cash towards Electricity Charge for Nov2018
18/12/2018 Paid Rs1450 by cheque towards mobile bill for Nov2018
23/12/2018 Paid Rs12000 to Transfom Tech by cheque
24/12/2018 Raised an invoice for Rs42500 on InGroove Designers for Consultancy services
InGroove Designers under Sundry Debtors, do it in Sales Voucher, select As Invoice and in Party
a/c
choose InGroove Designers, Particulars-Consulting Revenue a/c, 42500
To print the invoice Press Alt+P, choose With Preview button, Alt+z to enlarged version,Press
Esc and
then Y to accept the Voucher.
25/12/2018 Received Rs15550 in cash from Trishul Software.
30/12/2018 Paid Rs7500 in cheque towards Professional Charge for Internal Audit of Accounts.
3/1/2019 Paid Office Rent for Dec2018 by cheque
5/1/2019 Received Rs30000 in cash from Rs42500 on InGroove Designers
6/1/2019 Paid salaries by cheque for Dec2018
12/1/2019 Received Rs35000 by cheque as consulting revenue from Ala Carte Software.
15/1/2019 Withdrew Rs50000 capital from the firm by cheque.
Mr X capital a/c Debit, HDFC a/c Credit Payment Voucher
18/1/2019 Paid Rs2300 by cheque towards mobile bill for Dec2018
21/1/2019 Paid Rs1050 in cash towards Electricity Charge for Dec2018
30/1/2019 Withdrew Rs6000 cash for personal

use. 5/2/2019 Paid Office Rent for Jan2019 by cheque
6/2/2019 Paid salaries by cheque for Jan2019
10/2/2019 Received an invoice for Rs9400 from Raj Travels which includes cab hiring charge
Rs3800 and outstation tours Rs5600
11/2/2019 Paid by cheque Rs20000 to Raj Travels
15/2/2019 Paid Rs1500 by cheque towards mobile bill for Nov2018
18/2/2019 Paid Rs1200 in cash towards Electricity Charge for Jan2019
24/2/2019 Purchased Stationary consumables worth Rs7400 on credit from Global House.
2/3/2019 Paid salaries by cheque for Feb2019
5/3/2019 Paid salaries by cheque for Feb2019.
10/3/2019 Received Rs30000 in cash as consulting Revenue from Eye Television Network
12/3/2019 Paid Rs1450 by cheque towards mobile bill for Feb2019
15/3/2019 Paid Rs1900 in cash towards Electricity Charge for Feb2019
18/3/2019 The invoice received from Global House on 24 Feb 2019 had an error in calculation
and was over valued by Rs600
Global House Debit, Stationary Exp a/c Credit Journal Voucher
22/3/2019 Mr X has paid Rs6800 by cheque to Global House
Provision Entries:
1/4/2019 Received Rs20000 cash as consulting revenue from Forex Software. The service
has already been provided in Mar2019
Forex Software under Sundry Debtors Debit, Consulting Revenue a/c Credit Journal
Voucher
2/4/2019 Paid Office Rent for Mar2019 by cheque
5/4/2019 Paid salaries by cheque for Mar2019
7/4/2019 Paid Rs750 in cash towards Office maintenance for Mar2019.
12/4/2019 Paid Rs1450 by cheque towards mobile bill for Mar2019.
16/4/2019 Paid Rs 870 in cash towards Electricity Charge for
Mar2019
*Rent Exp Payable, Salary Exp Payable, Telephone Exp Payable, Office
Maintenance Exp Payable, Conveyance Exp Payable, Electricity Exp Payable all
under Provision as Credit, corresponding Exp a/c Debit in Journal Voucher
18/4/2019 Received an invoice for Rs6600 from Raj Travels which includes cab hiring
charge Rs2900 and outstation tours Rs3800. This bill is for Feb & Mar2019
Cab hiring Exp & Tour Exp Debit, Raj Travels Credit Journal Voucher
Provisions for Income Tax 2017 have to made Rs17500
Income Tax 2016-17 under Indirect Expenses Debit, Income Tax Payables2016-47
under Provisions Credit Journal Voucher
Depreciation Entries
Computer Annual Depreciation Rs5625
Cell Phone Annual Depreciation Rs1154
Furniture Annual Depreciation Rs1404
Air Condition Annual Depreciation Rs3205
Electrical Fittings Annual Depreciation Rs1442
Office Equipments Annual Depreciation Rs586
Depreciation Exp a/c under Indirect Expenses Debit, Fixed Exp a/cs Credit Journal Voucher
Adjustment Entries For Prepaid Expenses

Subscription Exp under Indirect Exp Debit, Prepaid Journal Subscription a/c Credit Journal
Voucher
Closing Stock of Stationary consumables on 31/3/2019 was Rs5000
FOR GST TRANSACTION ENTRIES
1.4.2018 Anurag RAI Started KkdcII By bringing in Capital of Rs 1500000 by cheque and deposited in ICICI bank by
opening a new account.
Create Anurag Rai Capital a/c under Capital account and ICICI Bank a/c under Bank Account Create a Voucher
Type Bank Receipt:
GOT>Account Info>Voucher Type>Create Name: Bank
Receipt
Type of Voucher: Receipt
Method of Voucher Numbering: Automatic from Type of Numbering, yes under Advanced
Configuration, set prefix and suffix details(BR/ and /18-19 respectively)
Now to make Entry for the Transaction:
GOT>Accounting Vouchers>F6>select Bank Receipt then Cr for Anurag Rai Capital a/c, Dr for ICICI Bank a/c
3.4.2018 Mr. Rai withdraw Rs50000 by cheque for shop expenditure from ICICI Bank(Cheque no 123451 Cr.
ICICI
Bank a/c, Dr. Cash a/c narration: ch no 123451 cash withdrawn for shop expenditures.
5.4.2018 He purchased furniture & fixture worth Rs 150000 for the shop by cheque (cheque no 123452)
Create Furniture & Fixture a/c under Fixed Asset
Create a Voucher Type Bank Payment: GOT>Account
Info>Voucher Type>Create Name: Bank Payment
Type of Voucher: Payment
Method of Voucher Numbering: Automatic from Type of Numbering, yes under Advanced
Configuration, set prefix and suffix details(BR/ and /18-19 respectively)
Now to make Entry for the Transaction:
GOT>Accounting Vouchers>F5>select Bank Payment then Dr for Furniture & Fixture a/c, Cr for ICICI Bank a/c Narration:ch
no 123452 being amount paid for F&F
8.4.2018 Mr. Rai rented a promise on 1-2-2028 for his business at Rs 3500 per month. He paid a security deposit of Rs
25000 by cheque(cheque no 123453)
Create Security Deposit a/c under Deposits(Assets) Make an Entry in
Bank Payment Voucher
Dr. for Security Deposit a/c, Cr. for ICICIBank a/c Narration:ch no 123453 being amount paid
10.4.2018 Mr Rai issued a cheque to purchase the following Assets (cheque no 123454)
Cell Phone Rs 5500 15% depreciation, Computer Rs 25500 60% depreciation, Electrical Fittings Rs 5000
10% depreciation, Motor Vehicle Rs 40000 15% depreciation.
Create multiple Ledger Cell Phone, Computer, Electrical Fittings, Motor Vehicle all under Fixed Assets Make an Entry in
Bank Payment Voucher
Dr. for Cell Phone, Computer, Electrical Fittings,Motor Vehicle separately, Cr.for ICICI Bank a/c
12.4.2018 Mr Rai hired R. Bhatt as Sales Executive Rs 4000, J. Sengupta as Salesman Rs 3500, S. Mathur as
Accountant Rs 2500, A. Nair as Clerk Rs 1500. A. Nair also in charge of Petty Cash and submit expenses at the
end of each month.
20.4.2018 He has purchased the following items from A2Z Traders on credit
High Capacity Stabilizers-Qty 100-Rate 600-Value 60000-Input GST 12%-Total 67200
Create A2Z Trader under Sundry Creditors(maintain bill-by-bill as yes, state as WB, Set/Alter GST applicable as
yes and set GST no of A2Z in it), Purchase GST12% under Purchase Account(Enable GST from F11), Input CGST
and SGST under Duties & Taxes
Create Stock group Stabilizers under Primary with UOM number, Stock item High Capacity Stabilizers under Stabilizers
with UOM numbers(GST applicable, Set/Alter GST Details yes etc)
Make an Entry in Purchase Voucher
Cr. for A2Z Trader (activate bill-by-bill details screen,choose new ref and enter name as P-A2Z- 01,give total
amount), Dr. for Purchase GST give details of Inventory in Inventory Allocations screen for the item then enter twice to
accept the GST class Details for Purchase GST Dr. for Input CGST and SGST and Then Narration; Puchase made
from A2Z Traders
21.4.2018 He has purchased the following items from A2Z Traders on credit
Low Capacity Stabilizers-Qty 100-Rate 400-Value 40000-Input GST 12%-Total 44800
Open well pump -Qty 50-Rate 1500-Value 75000-Input GST 5%-Total 78750
Submersible Pump -Qty 100-Rate 2000-Value 200000-InputGST 5%- Total 210000(333550)
Create Ledgers Purchase GST5% under Purchase Account,Input CGST, SGST under Duties & Taxes Create Stock group
Pumps under Primary, Stock items Low Capacity Stabilizers under Stabilizers, Open well, Submersible under Pumps.
Make an Entry in Purchase Voucher
Select as Invoice, select Item Invoice, Set Party Account as A2Z traders, enter items one by one with details,each time enter
to view Accounting Details screen and select appropriate Purchase GST%, then select Input CGST And SGST one by one
and their calculated values will be displayed automatically,then press Enter thrice for Billwise Details Screen and select New
Reference and give Name:P-A2Z-02
22.4.2018 Mr. Rai paid carriage inward expenses of Rs 500 in cash on Purchases made on 20.4.2018 and 21.4.2018
Create Ledger Carriage Inward Expenses under Direct Expenses(no GST applicable) Make an
Entry under Payment Voucher
Dr. for Carriage Inward Expenses, Cr. for cash a/c
27.4.2018 Mr. Rai transferred Rs 10000 to Petty Cash from Cash to meet the day-to-day expenses Create Ledger
Petty Cash under Cash-in-Hand
Make an Entry under Contra Voucher Cr. fro
Cash a/c, Dr. for Petty Cash
28.4.2018 Mr Rai withdraw Rs 5000 in cash for personal use.
Create Ledger Anurag Rai Drawings a/c under Capital Account, Make an
Entry under Receipt Voucher
Cr. for Anurag Rai Drawings a/c, Dr. for Cash a/c
30.4.2018 GST adjustable entry*
Create Ledger CGST, SGST Adjustable a/c under Duties & Taxes(select GST under Type of Duties/Tax, NA
for GST/Tax Class, no to Inventory values are affected)
Make entries under Journal Voucher
1. Dr for CGST Adjustment a/c, Cr for Input CGST a/c**
2. Dr for SGST Adjustment a/c, Cr for Input SGST a/c**
*A Dealer is required to pay GST returns on a Monthly basis.Hence the GST adjustable entry is recorded at the
end of every month.To record the adjustment, input and output GST tax accounts are Credited and Debited
respectively. Net balance is transferred to GST adjustable account which will be carries forward to the next
month and credit balance for this account indicate that it is payable.
**The method of calculation automatically is set to ‘On GST Rate’ when GST is selected as the Type of
Duty/Tax. 1.5.2018 Mr Rai paid Salaries through cheque for April 2016 (ch. No 123455). The details are as
follows:
R. Bhatt-2400(18 days), J. Sengupta-2100(18 days), S.Mathu-1500(18 days), A. Nair-900(18days) Create Cost
Centres by GOT>Account Info>Cost Centres>Multiple Cost Centres>Create all items like
R. Bhatt, J. Sengupta, S.Mathu, A. Nair under Primary
Create Ledger Salary Expenses inder Indirect Expenses(set field Cost Centres are Applicable-yes) Make an
Entry under Bank Payment Voucher
Dr for Salary Expenses, Cr for ICICI Bank a/c(narration: ch no 123455 being paid for salary Apr’18)
2.5.2018 Mr Rai paid Rs 2500 cash for Stationary, printing invoices and vouchers to Cannon Traders
Dr. for Printing & Stationary Expenses(under Indirect Expense, here mention Cost Centre Applicable- no), Cr. for
Cash a/c.
3.5.2018 Mr Rai received the statement of expenditure from Petty Cashier for Apr18 as Stationary
Purchased(Rs 2500), Cell Phone Bill(Rs 6000), Shop Maintenance Expense(Rs 450)
and Conveyance Expense(Rs 250)
Dr. for all Expenses individually(under Indirect Expense, here mention Cost Centre Applicable-no), Cr. for Petty
Cash a/c.
1.5.2018 Mr. Rai paid Rs 3500 by cheque towards shop rent for Apr2018(ch no 123456)
Dr. for Rent Expenses(under Indirect Expense, here mention Cost Centre Applicable-no), Cr. for ICICI Bank a/c.
10.5.2018 Mr. Rai sold the following items for cash, details are as follows
High Capacity Stabilizers-Qty 50-Rate 850-Value 42000-Output GST 12%-Total 47600 Open Well
Pump-Qty 15-Rate 1700-Value 25500-Output GST 5%-Total 26775(74375)
Create Ledgers Sales GST12% and Sales GST5% under Sales Account(Cast Centre are applicable- no, used in
GST returns-yes, GST/Tax class-Sales GST,Inventory values are affected-yes) and Output CGST, Output
SGST under Duties & Taxes(Type of Duty/Tax-GST, Cost centres applicable- no, Gst/Tax class-Output
CGST,SGST, Inventory values are affected-no)
Make an Entry under Sales Voucher
Select As invoice, Cash a/c as Party account, enter items one by one with details each time, enter to view
Accounting Details screen and select appropriate Purchase GST%, then select Output CGST And SGST one by
one and their calculated values will be displayed automatically.
15.5.2018 Mr. Rai issued a cheque to A2Z Traders for 398750 after deducting the Discount of Rs 2000. He received
discount as he agreed to pay the entire bill amount(ch no 123457).
Create Ledger Discount Received under Indirect Income Make an
Entry under Bank Payment Voucher
Dr. for A2Z Traders(enter to view bill wise details pending, choose both of them), Cr. for ICICI Bank a/c and
Discount Received
28.5.2018 He withdrew Rs 4000 in cash for personal use
Cr. for Anurag Rai Drawing a/c, Dr.for Cash A/c in Receipt Voucher
29.5.2018 He received the statement of expenditure from Petty Cashier for May2018 of Rs 200 Dr. for
Expenses Cr. for Petty Cash under Payment Voucher
31.5.2018 GST Adjustment Entry
1. Cr for CGST Adjustment a/c, Dr for Output CGST a/c
2. Cr for SGST Adjustment a/c, Dr for Output SGST a/c
3.6.2018 Mr Rai paid Rs. 3500 in cash towards Shop Rent for May2018
Dr. for Rent Expenses under Indirect Expense, Cr. for Cash a/c in Payment
Voucher 1.6.2018 He issued a cheque of Rs.11000 to the Petty Cash(ch no 123458)
Cr. for ICICI Bank a/c, Dr. for Petty Cash a/c in a Contra
Voucher 6.6.2018 Mr Rai paid salaries for May2018 by cheque(ch no
123459)
Dr. for Salary Expenses, Cr. for ICICI Bank a/c in Bank Payment Voucher
(Mr Rai hired R. Bhatt as Sales Executive Rs 4000, J. Sengupta as Salesman Rs 3500, S. Mathur as
end of each month.)
8.6.2018 Mr. Rai purchased the following goods from Pacific Traders on credit for 30 days. Interest is to be
calculated at 10% per annum.(GST no 19BNJPM1287M1ZD).
High Capacity Stabilizers-Qty 200-Rate 650-Value 130000-Input GST 12%-Total 145600
Open well pump -Qty 300-Rate 1600-Value 480000-Input GST 5%-Total 540000(649600)
Create Ledger Pacific Traders under Local Creditors(use F11>Accounting Features>GST Interest
Calculation>yes & Use Advanced Parameters>yes)and set Active Interest Calculation>yes and enter details
of Interest information in Interest Parameter Screen.
Make an Entry under Purchase Voucher
Select as Invoice, select Item Invoice, Set Party Account as Pacific traders, enter items one by one with
details,each time enter to view Accounting Details screen and select appropriate Purchase GST%, then select
Input CGST And SGST one by one and their calculated values will be displayed automatically,then press Enter
thrice for Billwise Details Screen and select New Reference and give Name:P-PT-01-30 days Credit Limit-
Amount Rs. 649600-Cr. Now Enter to view Interest Parameters Screen and enter 10% per 365 days on Credit
Balance Only
10.6.2018 Mr. Rai paid Carriage inwards for Rs 400 in cash
12.6.2018 Mr Rai sold following items to Java Tradings on credit for 45 days Interest charged is at 15% per annum if
payment is not made within credit period.
High Capacity Stabilizers-Qty 25-Rate 900-Value 22500-Output GST 12%-Total 25200 Submercible pump
-Qty 30-Rate 2500-Value 75000-Output GST 5%-Total 787500(103950)
Create Ledger Java Tradings under Local Debtors under Sundry Debtors(use F11>Accounting
Features>GST Interest Calculation>yes & Use Advanced Parameters>yes)and set Active Interest
Calculation>yes and enter details of Interest information in Interest Parameter Screen.
Select as Invoice, select Item Invoice, Set Party Account as Java tradings, enter items one by one with
details,each time enter to view Accounting Details screen and select appropriate Sales GST%, then select
Output CGST And SGST one by one and their calculated values will be displayed automatically. Give New
Reference and give Name:S-JT-01---45 days Credit Limit Debit Balance Only.
15.6.2018 Mr.Rai withdrew Rs.5000 in cash for personal use
Cr. for Anurag Rai Drawing a/c, Dr.for Cash A/c in Receipt Voucher
20.6.2018 Mr. Rai deposited cash of Rs.40000 to ICICI Bank
Cr. for Cash a/c, Dr. for ICICI Bank a/c under Contra Voucher.
27.6.2018 Mr. Rai paid Rs.2000 in cash to Mr. J. Sengupta as salary advance
Create Salary Advance under Loans & Advances(Assets) with Cost Centre details Make an
Entry under Payment Voucher
Dr. Salary Advance, Cr. Cash a/c. Ensure Cost Centre details as J.Sengupta-2000
28.6.2018 Mr. Rai received the statement of expenditure from Petty Cashier on end The statement is as follows Insurance
Premium for the period July2018 to June2019 – 2400
Conveyance expenditure of Marketing Executive – 600 Shop
maintenance expenses – 550
Electricity Expenses – 500
Create Ledger Prepaid Insurance under Current Assets, Electricity Expances under Indirect Expenses.
Make an Entry under Payment Voucher
Dr. for Prepaid Insurance, Electricity Expense, Shop maintenance Expenses, Conveyance
Expense,Cr. for Petty Cash a/c
29.6.2018 Mr. Rai sold following item to Data Tech Services on credit
Create Ledger Data Tech Services under Local Debtors under Sundry Debtors(maintain bill by bill>yes,
State>WB, GSTN> GST no of it, Active interest Calculation>no)
Select as Invoice, select Item Invoice, Set Party Account as Data Tech Services, enter items one by one with
details,each time enter to view Accounting Details screen and select appropriate Sales GST%, then select
Output CGST And SGST one by one and their calculated values will be displayed automatically,then press
Enter thrice for Billwise Details Screen and select New Reference and give Name:S-DTS-01---Amount Rs.
61600-Dr.
30.6.2018 GST adjustment entry
1.Dr. for CGST Adjustment a/c, Dr. Output CGST, Cr. Input CGST 2.Dr. for
SGST Adjustment a/c, Dr. Output SGST, Cr. Input SGST
3.7.2018 Mr. Rai paid the salaries through cheque for June2018
14.7.2018 Mr. Rai purchased the following items under a Sales Offer from A2Z Traders. He paid by cheque. The offer is as
follows
On purchase of 10 HCS, 1 HCS is given as free of cost. On purchase of 5 LCS, 1 LCS is given as free of cost.
High Capacity Stabilizers-Qty 50-Free of Cost 5-Total 55-Rate 650-Value 32500-Input GST 12%-Total 36400
Low Capacity Stabilizers-Qty 20-Free of Cost 4-Total 24--Rate 400-Value 8000-Input GST 12%-Total
8960(45360)
Make an Entry under Purchase Voucher.
Select as Invoice, select Item Invoice, Set Party Account as Party Invoice, enter items one by one with
Input CGST And SGST one by one and their calculated values will be displayed automatically.
19.7.2018 Mr Rai paid by cheque to Pacific Traders towards bill dated 8.6.2018*
*Due to late payment (11days) he has to pay interest in addition to bill amount. Create
Ledger Interest Due under Indirect Expenses
Make an Entry in Bank Payment Voucher
Dr. Pacific Traders 649600, Dr. for Bank Interest Due 1958, Cr. ICICI Bank a/c 651558( mention Agst Ref: P-PT-
01).
20.7.2018 Mr. Rai introduced a sales offer and sold the following items on credit to Java Tradings and Data Tech Services
Java Tradings:
High Capacity Stabilizers-Qty 20-Free of Cost 2-Total 22-Rate 750-Value 15000-Output GST 12%- Total
16800
Low Capacity Stabilizers-Qty 5-Free of Cost 1-Total 6--Rate 450-Value 2250-Output GST 12%-Total
2520(19320)
Data Tech Services:
High Capacity Stabilizers-Qty 30-Free of Cost 3-Total 33-Rate 750-Value 22500-Output GST 12%- Total
25200
Low Capacity Stabilizers-Qty 15-Free of Cost 3-Total 18--Rate 450-Value 6750+810-Output GST 12%-Total
7560(32760)
22.7.2018 Mr. Rai received a cheque from Java Tradings and Data Tech Services in settlement of bills dated 20.7.2018
Make an Entry in Bank Receipt Voucher
Cr. for Java Tradings( Agst Ref S-JT-02), Data Tech Services(Agst Ref S-DTS-02) ang Dr. for ICICI Bank a/c
28.7.2018 Mr Rai received cheque from Data Tech Services towards the bill dated 29.6.2018
29.7.2018 He received the statement of expenditure for the month July2018 from Petty Cashier as follows Advertising
Expenses incurred(1500), Conveyance Expense(600), Donation to charitable Trust(600), Electricity
Expenses(500), Shop maintenance Expenses(550)
30.7.2018 GST adjustable Entry
1.Cr. for CGST Adjustment a/c, Dr. Output CGST, Cr. Input CGST 2.Cr. for
SGST Adjustment a/c, Dr. Output SGST, Cr. Input SGST
5.8.2018 Mr Rai paid Salaries by cheque for July2018

(Mr Rai hired R. Bhatt as Sales Executive Rs 4000, J. Sengupta as Salesman Rs 3500, S. Mathur as
end of each month.)
8.8.2018 He paid rent in cash for July2018
10.8.2018 He paid in cash Rs 7500 to Petty Cash
a/c
Cr. for Cash a/c, Dr. for Petty Cash a/c in Contra Voucher
12.8.2018 Mr. Rai sold the following items to Seacrest Traders and allowed a trade discount at the rate of 5%(State UP)
High Capacity Stabilizers-Qty 90-Rate 900-Value 76950-IGST 12%-Total 86184
Create Ledger Seacrest Traders under Outstation Debtors under Sundry Debtors(maintain bill by bill>yes,
State>UP, GSTN> GST no of it, Active interest Calculation>no, F11>Inventory Features> Separate Discount
column on invoices>yes and Use different actual & billed quantity>no), Sales IGST12% under Sales Account(GST
Applicable>yes), Output IGST under Duties & Taxes
Select as Invoice, select Item Invoice, Set Party Account as Seacrest Traders, enter items one by one with
details,each time enter to view Accounting Details screen and select appropriate Sales IGST%, then select
Output IGST and its calculated values will be displayed automatically.Give Name:S-ST- 01---Amount Rs.
686184-Dr.
27.8.2018 Mr. Rai received cheque from Seacrest Traders towards the bill dated 12.8.2018.
28.8.2018 Mr. Rai received a cheque from Java Tradings towards the bill dated 12.6.2018 and also the interest of 32 days.
29.8.218 He received the statement of expenditure for the month Aug2018 from Petty Cashier as
follows Cell Phone bill paid(800), Conveyance Expense(600), Electricity Expenses(350), Shop
maintenance Expenses(400)
31.8.2018 GST adjustment entry
Under Journal Voucher
Dr. for Output IGST, Cr. for IGST adjustment a/c Make such
entries for SGST & CGST adjustable
4.9.2018 Mr. Rai paid salaries and rent by cheque for Aug2018
6.9.2018 Mr. Rai purchased the following goods from A2Z Traders.The details are as follows:
Submersible pumps -Qty 50-Rate 2100-Value 105000-Input GST 5%-Total 110250(171850)
10.9.2018 Mr. Rai sold following items to Data Tech Services on credit draw a bill of exchange for 30days which
was duly accepted by them
Low Capacity Stabilizers-Qty 100-Rate 550-Value 55000-Input GST 12%-Total 61600 Submersible pumps
-Qty 50-Rate 2500-Value 125000-Input GST 5%-Total 131250(192850)
Create a Ledger Bills Receivable under Current Assets
In this case set F11>Inventory Features>Separate Discount column on Invoices>no and select as Invoice,
select Item Invoice, Set Party Account as Data Tech Services, enter items one by one with details,each time
enter to view Accounting Details screen and select appropriate Sales GST%, then select Output CGST,SGST
and its calculated values will be displayed automatically,then press Enter thrice for Billwise Details Screen and
select New Reference and give Name:S-DTS-03---Amount Rs. 192850-Dr.
Now make an Entry under Journal Voucher
Dr. for Bills Receivable, Cr. for Data Tech Services
15.9.2018 Mr.Rai withdrew Rs.6000 from ICICI Bank for personal use
Dr. for Cash, Cr. for ICICI Bank a/c
17.9.2018 Mr. Rai sold following item to Java Tradings on credit of 45 days
High Capacity Stabilizers-Qty 80-Rate 700-Value 56000-Output GST 12%-Total 62720 Submersible
pumps-Qty 60-Rate 2300-Value 138000-Output GST 5%-Total 144900(207620)
22.9.2018 Mr. Rai returned 10 Low Capacity Stabilizers to A2Z Traders purchased on 6.9.2018 as they were not according to
the specifications
*Purchase Returns are in Debit Note and Sale Returns are in Credit Notes
Set F11>Accounting Features>Use Debit/Credit Note>yes and Record Debit Note in Invoice Mode
>Yes
Make an Entry under Debit Note(F9)
Set Party Account A2Z Traders, enter items one by one with details,each time enter to view Accounting Details
screen and select appropriate Puchase GST%, then press Enter thrice for Billwise Details Screen and select Agst
Reference:P-A2Z-03---Amount Rs. 5600-Dr.
28.9.2018 He received the statement of expenditure for the month Sep2018 from Petty Cashier as follows Conveyance
Expense(600), Electricity Expenses(350), Shop maintenance Expenses(550)
29.9.2018 Mr Rai received Bank Statement from ICICI Bank and found that Rs 550 has been charged as half yearly bank
charges
Dr. for Bank Charges(under Indirect Expenses), Cr. for ICICI Bank a/c
30.9.2018 GST adjustable entry
Dr. for Output CGST, Cr. for Input CGST and CGST Adjustable a/c Dr. for
Output SGST, Cr. for Input SGST and SGST Adjustable a/c
Dr. for CGST Adjustment a/c, SGST Adjustable a/c, Cr. for GST Adjustable a/c Dr. for
GST Adjustable a/c, Cr. for GST Payable a/c
(if before this entry GST Payable indicates Dr then this entry is not needed because you will get the extra
amount)
Under Bank Payment Voucher
Dr. for GST Payable a/c, Cr. for ICICI Bank a/c
1.10.2018 Java Tradings returned following items, out of sales made on 17.9.2018 as they were excess of
its requirements: HCS(15), SP(10)
Set F11>Acounting Features>Use Debit/Credit Note>yes and Record Credit Node in invoice
mode>yes. Now click Invoice in Buttton bar
Make an Entry in Credit Note Voucher
Set Party A/c as Jaya Tradings, ensure Credit note entries for each item one by one with details,each time enter to
view Accounting Details screen and select appropriate Puchase GST%, then select
Input CGST,SGST and its calculated values will be displayed automatically,then press Enter thrice for Billwise
Details Screen and select Agst Reference S-JT-03---Amount Rs. 35910-Cr.
3.10.2018 Mr.Rai paid Salaries and rent of shop by cheque for Sep2018
10.10.2018 Mr Rai deposited the bills received from Data Tech Ssrvices.
20.10.2018 Mr Rai sold following items to Seacreast Trader on credit(GSTN no given)
Open well pump -Qty 200-Rate 1900-Value 361000-IGST 5%-Total 379050
21.10.2018 Mr. Rai issued a cheque to A2Z Traders towards yhe purchase made on 6.9.2018
28.10.2018 Mr Rai received a cheque from Java Tradings against sales made on 17.9.2018
29.10.2018 He received the statement of expenditure for the month Oct2018 from Petty Cashier as follows Cell Phone
bill(1500), Conveyance Expense(600), Electricity Expenses(400), Shop maintenance Expenses(450)
31.10.2018 GST Adjustment Entry.
4.11.2018 Mr.Rai paid Salaries and rent of shop by cheque for Oct2018
5.11.2018 He issued a cheque of Rs 8000 to the Petty Cashier
10.11.2018 Mr Rai received a cheque from Seacreast Trader in settlement of his bills dated 20.10.2018
12.11.2018 Mr. Rai started trading in a new product and purchase from Iconic Enterprize on credit(State UP)
Electric Heater-Qty 30-Rate 400-Value 12000-Input IGST 12%-Total 13400
Create Ledger Iconic Enterprize under Outstation Creditors under Sundry Creditors(maintain bill by bill>yes,
State>UP, GSTN> GST no. of it,
Create an Item Electric H eater under Heater under Primary.
Select as Invoice, select Item Invoice, Set Party Account as Iconic Enterprize, enter items one by one with
details,each time enter to view Accounting Details screen and select appropriate Purchase IGST%, then select
Input IGST and its calculated values will be displayed automatically. Give New Reference and give Name:P-IE-
01---Amount Rs. 13440-Cr.
13.11.2018 Mr. Rai paid Rs.4500 by cheque for the cell phone he purchased for his sales executive.
Dr. for Cell Phone a/c under Fixed Assets, Cr. for ICICI Bank a/c
15.11.2018 Mr. Rai sold the following items to Seacrest Traders on credit
Open well Pumps-Qty 50-Rate 1800-Value 85500-IGST 5%-Total 89775
29.11.2018 He received the statement of expenditure for the month Nov2018 from Petty Cashier as follows Cell Phone
Dr. for Output IGST, Cr. for Input IGST, Cr. for IGST Adjustment a/c Dr. for
IGST Adjustment a/c, Cr. for IGST Payable a/c
Under Payment Voucher
Cr. for ICICI Bank a/c, Dr. for IGST Payable a/c
4.12.2018 Mr.Rai paid Salaries and rent of shop by cheque for Nov2018
8.12.2018 Mr. Rai settled the bill dated 12.11.2018 of Iconic Enterprize by
cheque. 10.12.2018 Mr.Rai withdrew Rs.6000 from ICICI Bank for personal use
17.12.2018 Mr. Rai settled the bill dated 15.11.2018 of Seacrest Traders by cheque.
18.12.2018 Mr. Rai sold the following items for cash in an exhibition organized by V-Guard Company.
High Capacity Stabilizers-Qty 35-Rate 850-Value 29750-Input GST 12%-Total 61875 Electric
Heater-Qty 30-Rate 550-Value 16500-Input GST 12%-Total 18532
Open Well Pumps-Qty 25-Rate 1800-Value 45000-Input GST 5%-Total 46800 Submersible pumps-
Qty 20-Rate 2400-Value 48000-Input GST 5%-Total 49200(149450)
19.12.2018 Mr. Rai paid Rs. 2500 in cash for the space provided in the Exhibition
Dr. for Exhibition Expenses under Indirect Expense, Cr. for Cash a/c under Payment Voucher.
29.12.2018 He received the statement of expenditure for the month Nov2018 from Petty Cashier as follows
Cell Phone bill(1200), Conveyance Expense(600), Electricity Expenses(400), Shop maintenance
Expenses(450)
Dr. for Output CGST, Cr. for CGST Adjustment a/c Cr. for
SGST Adjustment a/c, Dr. for Output SGST
Dr. for CGST Adjustment a/c, Dr. for SGST Adjustment a/c, Cr. for GST Adjustable a/c Dr. for
GST Adjustable a/c, Cr. for GST Payable a/c
Under Payment Voucher
Cr. for ICICI Bank a/c, Dr. for GST Payable a/c
1.1.2019 Mr. Rai paid salaries and rent by cheque for December
2018 2.1.2019 He deposited Rs.120000 cash in ICICI Bank
8.1.2019 Mr. Rai purchased the following goods from XTech Services(State Orissa GST No.
21AACF03890L1Z5) on credit.The details are as follows:
Submersible pumps -Qty 50-Rate 1800-Value 90000-Input GST 5%-Total 94500
Create Ledger XTech Services under Outstation Creditors under Sundry Creditors(maintain bill by bill>yes,
State>Orissa, GSTN> GST no. of it,PurchaseIGST5% under Purchase Account(Used in IGST return>yes and
GST/Tax>InterState Purchase), Input IGST under Duties & Taxes(Used in IGST return>yes and
GST/Tax>InterState Purchase)
Select as Invoice, select Item Invoice, Set Party Account as XTech Services, enter items one by one with
details,each time enter to view Accounting Details screen and select appropriate Purchase IGST%, then select
Input IGST and its calculated values will be displayed automatically. Give New Reference and give Name:P-
XTS-01---Amount Rs. 94500-Cr.
14.1.2018 Mr. Rai sold the following goods from SoftTech Traders(UP) on credit.The details are as follows:
Submersible pumps-Qty 30-Rate 2500-Value 75000-Input GST 5%-Disc 5%-Total 74812.50 Create Ledger
SoftTech Traders under Outstation debtors under Sundry Debtors(maintain bill by bill>yes, State>UP,
GSTN> GST no. of it,SalesIGST5% under Purchase Account(Used in IGST
return>yes and GST?Tax>InterState Purchase, F11>Inventory Features>Separate Discount Column on
Invoices>yes), Output IGST under Duties & Taxes(Used in IGST return>yes and GST?Tax>InterState Sales)
Select as Invoice, select Item Invoice, Set Party Account as SoftTech Traders, enter items one by one with
details,each time enter to view Accounting Details screen and select appropriate Sales IGST%, then select
Output IGST and its calculated values will be displayed automatically. Give New Reference and give Name:S-
STT-01---Amount Rs. 74812.50-Dr.
20.1.2019 Mr Rai withdraw Capital of Rs.500000 from the firm by cheque.
Cr. for Anurag Rai Capital A/c, Dr, for ICICI Bank a/c
25.1.2019 Mr. Rai received a cheque from SoftTech Traders for sales made on 14.1.2019
30.1.2019 He received the statement of expenditure for the month Jan2019 from Petty Cashier as follows Cell Phone
Dr. for Output IGST, Dr. for Input IGST, Cr. for IGST Adjustment a/c Dr. for
IGST Adjustment a/c, Cr. for IGST Payable a/c
4.2.2019 Mr. Rai paid salaries and rent by cheque for January 2019
8.2.2019 Mr. Rai purchased the following goods from Pacific Services(State WB) on credit.The details are as follows:
High Capacity Stabilizer -Qty 50-Rate 500-Value 25000-Input GST 12%-Total 28000 Open Well
pumps-Qty 30-Rate 1500-Value 45000-Input GST 5%-Total 47250(75250) Party drew a bill of
exchange which was accepted by Mr. Rai
Create a Ledger Bills Payable under Current Liability Make an
Entry under Purchase Voucher
Select as Invoice, select Item Invoice, Set Party Account as Pacific traders, enter items one by one with
Input CGST And SGST one by one and their calculated values will be displayed automatically,then press Enter
thrice for Billwise Details Screen and select New Reference and give Name: P-PT-02-Amount Rs. 75250-Cr.
Now Enter to view Interest Parameters Screen and enter 10% per 365 days on Credit Balance Only
Make an Entry of Bill of Exchange in Journal Voucher
Dr. for Pacific Traders(specify bill details Agst Reference P-PT-02 – Amount 75250 – Cr, Cr. for Bills Payable
12.2.2019 Mr. Rai purchased the following goods from WinTech Services(State Jharkhand) on credit.The details are as
follows:
Low Capacity Stabilizer -Qty 50-Rate 450-Value 22500-Input GST 5%-Total 23625
18.2.2019 Mr. Rai purchased the following goods from Icon Enterprize on credit.The details are as follows: Submercible
Pumps-Qty 30-Rate 220-Value 6600-Input GST 5%-Total 6930
25.2.2019 Mr. Rai sold the following goods to Gujarat State Trading Corporation(State Gujarat) on credit.The details are
as follows:
Submercible Pumps-Qty 40-Rate 2500-Value 100000-Output GST 5%-Total 105000
26.2.2019 Mr. Rai sold the following goods to Java Tradings on credit.The details are as follows:
Open Well Pumps-Qty 40-Rate 1600-Value 64000-Output GST 5%-Total 67200
27.2.2019 Rai withdraw Rs.5000 from Bank for personal use.
28.2.2019 He received the statement of expenditure for the month Feb2019 from Petty Cashier as follows Cell Phone
Dr. for Output CGST, Cr. Input CGST, Dr. for CGST Adjustment a/c Dr. for SGST
Adjustment a/c, Dr. for Output SGST, Cr. for Input SGST
Dr. for CGST Adjustment a/c, Dr. for SGST Adjustment a/c, Cr. for GST Adjustable a/c Cr. for Dr.
for Input IGST, Dr. for IGST Adjustment a/c
Dr. for CGST Adjustable a/c, Dr. for SGST Adjustment, Cr. for IGST Adjustment Cr. for GST Payable a/c
5.3.2019 Mr. Rai paid salaries and rent by cheque for February 2019
10.3.2019 Mr. Rai honoured the bills payable which was drawn by Pacific Traders by issuing a cheque.
Dr. for Bills Payable, Cr. for ICICI Bank a/c
15.3.2019 Mr. Rai sold the following goods from Sunshine Services(State Telengana, GSTN No. given) on credit.The
details are as follows:
High Capacity Stabilizer -Qty 30-Rate 850-Value 25500-Input GST 12% Open Well
pumps-Qty 50-Rate 1550-Value 77500-Input GST 5%(109935)
18.3.2019 Mr. Rai sold the following goods from Seacrest Trader on credit.The details are as follows: High Capacity
Stabilizer -Qty 5-Rate 950-Value 4750-Input GST 12%
Low Capacity Stabilizer -Qty 15-Rate 750-Value 11250-Input GST 12% (17024)
20.3.2019 Rai withdraw Rs.5000 from Bank for personal use.
28.3.2019 He received the statement of expenditure for the month Mar2019 from Petty Cashier as follows Cell Phone
Dr. for Output IGST, Cr. for IGST Adjustment a/c Dr. for
GST Adjustment, Cr. GST Payable a/c Under Payment
Voucher
Dr. GST Payable a/c, Cr. ICICI Bank a/c
Provisional Entries
Shop Rent for March 2019 Salaries
For March 2019
Electricity Bill charge For March 2019 is Rs.350
Make Rent a/c, Salary Exp Payable a/c( make Cost Centres for it), Electricity Expense a/c under Provisions
allow them in Cr., Dr. for corresponding Expenses a/c
Depreciation Entries
Sl No. Asset Name Value to be Date of Rate of Depreciation for
Depreciated(a) Purchase Depreciation(b) 2018-19(c=a*b)
1. Cell Phone1 5500 10.4.2018 15% 825
2. Cell Phone2 4500 14.11.2018 7.5% 338
3. Computer 25000 10.4.2018 60% 15000
4. Electric Fittings 5000 10.4.2018 10% 500
5. F&F 150000 5.4.2018 10% 15000
6. Motor Vehicle 40000 10.4.2019 15% 6000
Total 37663
Make a Ledger Depreciation Exp under Indirect Expenses Under
Journal Voucher
Dr. for Depreciation Exp. 37663,
Cr. for Cell Phone, Computer, Electrical Fittings, F&F,Motor Vehicle
Adjustment Entries
Nature Payment Period of Amount Prepaid Prepaid Amount for
Date Period Amount Current Year
Insurance 28.6.2018 1.7.2018 to Rs 2400 1.4.2019 to Rs. 600 Rs. 1800
30.6.2019 (12 Month) 30.6.2019 3 months
Make a Ledger Insurance Exp under Indirect Expenses Under
Journal Voucher
Dr. for Insurance Exp. , Cr. for Prepaid Insurance.
Transfer balance of withdrawals Account to Anurag Rai Capital A/c Dr. for
Anurag Rai Capital A/c, Cr. for Anurag Rai Drawings A/c
Transfer of P&L A/c to Anurag Rai Capital A/c Dr. for P&L A/c, Cr. for Anurag
Rai Capital A/c

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1/4/2018 Mr. X started a company ASG Enterprise bringing in cash Rs 300000

30/1/2019 Withdrew Rs6000 cash for personal

Adjustment Entries For Prepaid Expenses

5.8.2018 Mr Rai paid Salaries by cheque for July2018

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