5. Record the following transactions in Tally Prime Date Amount (in R0) 2021 Jan 1 Cash A/C 11,000 Machinery A/C Bank A/C 50,000 32,500 12,500 (Cr) 15,000 (Dr) Areej Products Company National Packaging Factory A/C Capital A/C Purchased goods and paid by cheque Purchased goods from Oman Chemical Industries Jan 2 7,500 Jan 31 12,500 Feb 1 Cash Sales 20,000 Feb 2 Sold goods to Taageer Services and offered 10% trade discount 15,000 Purchased goods from Raysut Industries Company and received 5% trade discount Mar 1 8,000 Mar 2 Cash withdrawn from bank by proprietor for personal 1,200 use Mar 31 Sold Machinery worth of RO 3500 for RO 3,250 Apr 1 Goods returned to Oman Chemical Industries 1,500 Apr 2 May 1 Мay 2 Мaу 31 Paid to Areej Products Company in full settlement Goods returned by Taageer Services Paid carriage on purchases 12,000 1,000 200 Withdrew from bank for office use 1,500 June 1 Brought additional capital into business Received cash from National Packaging Factory Purchased Equipment from Oman International LLC Paid Insurance on Office Building 40,000 6,000 11,500 June 2 July 1 July 2 1,350 July 31 Aug 1 Aug 2 Paid for fuel and Power 850 Cash taken by proprietor for personal use Sold goods to L&T Industries and offered 10% cash 2,000 16,000 discount Goods distributed as free samples Aug Sep 1 Sep 2 ,500 Deposited into Bank Received cash from National Packaging Factory in full 15,000 8,750 settlement Oct 1 Received interest 150 Oct 2 Oct 31 Paid Electricity charges by cheque Paid Salaries and Wages 1,100 2,500
5. Record the following transactions in Tally Prime Date Amount (in R0) 2021 Jan 1 Cash A/C 11,000 Machinery A/C Bank A/C 50,000 32,500 12,500 (Cr) 15,000 (Dr) Areej Products Company National Packaging Factory A/C Capital A/C Purchased goods and paid by cheque Purchased goods from Oman Chemical Industries Jan 2 7,500 Jan 31 12,500 Feb 1 Cash Sales 20,000 Feb 2 Sold goods to Taageer Services and offered 10% trade discount 15,000 Purchased goods from Raysut Industries Company and received 5% trade discount Mar 1 8,000 Mar 2 Cash withdrawn from bank by proprietor for personal 1,200 use Mar 31 Sold Machinery worth of RO 3500 for RO 3,250 Apr 1 Goods returned to Oman Chemical Industries 1,500 Apr 2 May 1 Мay 2 Мaу 31 Paid to Areej Products Company in full settlement Goods returned by Taageer Services Paid carriage on purchases 12,000 1,000 200 Withdrew from bank for office use 1,500 June 1 Brought additional capital into business Received cash from National Packaging Factory Purchased Equipment from Oman International LLC Paid Insurance on Office Building 40,000 6,000 11,500 June 2 July 1 July 2 1,350 July 31 Aug 1 Aug 2 Paid for fuel and Power 850 Cash taken by proprietor for personal use Sold goods to L&T Industries and offered 10% cash 2,000 16,000 discount Goods distributed as free samples Aug Sep 1 Sep 2 ,500 Deposited into Bank Received cash from National Packaging Factory in full 15,000 8,750 settlement Oct 1 Received interest 150 Oct 2 Oct 31 Paid Electricity charges by cheque Paid Salaries and Wages 1,100 2,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education