1. Ashok starts business with Rs. 100000/-
2. Purchase machinery for Rs. 50000/ and
furniture for Rs. 10000
3. Paid amount for rent Rs. 1000/
4. Deposits Rs,. 10000/- in Bank
5. Purchase of goods for Rs. 20000/ from Mr. Ram
on credit.
6. Sold goods to Mr. Rakesh for Rs. 10000/
7. Rs. 5000/ withdraws from bank for personal
use.
8. Withdraws Rs. 1000/ for office use.
9. Received cash from Mr. Rakesh.
10. Paid to Mr. Ram.
Ans. By default, cash a/c and P&L a/c are available in Tally.
|
Ledger
|
Group
|
|
Mr. Ashok a/c
|
Capital a/c
|
|
Furniture a/c
|
Fixed asset
|
|
Machinery a/c
|
Fixed asset
|
|
Rent a/c
|
Indirect expenses
|
|
Bank a/c
|
Bank a/c
|
|
Purchase a/c
|
Purchase a/c
|
|
Sales a/c
|
Sales a/c
|
|
Mr. Ram a/c
|
Sundry creditor
|
|
Mr. Rakesh a/c
|
Sundry debtor
|
|
Drawing a/c
|
Capital a/c
|