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6. Record the following transactions in Tally Prime Date Amount (in R0) 2021 Jan 1 Cash A/C 42,000 Building A/C Machinery A/C Orix trading LLC A/C Loan from Bank A/C Capital A/C Deposited into Bank Purchased goods and paid by cheque Purchased goods from Musandam Trading Co. and got 5% 50,000 25,000 15,000 (Dr) 12,000 ? Feb 2 20,000 Mar 1 7,500 Mar 2 6,000 trade discount 25,000 14,000 Mar 31 Brought additional capital into business Received from Orix Trading LLC in full settlement by cheque Goods distributed as free samples Apr 1 Apr 2 May 1 Мay 2 2,000 Cash purchases Sold goods to Oman International Trading LLC and offered 3,500 9,000 7% trade discount May 31 Goods returned to Musandam Trading Co. Goods taken by proprietor for personal use 1,000 June 1 2,000 Paid Insurance premium Purchased Furniture from Taghleef Industrial Company June 2 250 July 1 July 2 20,000 Sold goods to Tomoor Oman and offered 10% cash 10,000 discount July 31 Aug 1 Aug 2 Aug 31 Sep 1 Sep 2 Oct 1 6,000 2,500 Cash Sales Received Commission Goods returned by Oman International Trading LLC Paid Musandam Trading Co. by cheque Received from Oman International Trading LLC 1,200 3,000 4,000 Sold Furniture worth of RO 2000 for RO 2500 Cash taken by proprietor for personal use Sold machinery worth of RO 1500 for RO 1200 3,500 Oct 31 Oct 31 Withdrew from bank 2,500 Nov 1 Paid Musandam Trading Co. in full settlement 1,500 Received from Oman International Trading LLC in full settlement Dec 1 3,000 Dec 31 Paid salaries and Wages through bank transfer 6,000

6. Record the following transactions in Tally Prime Date Amount (in R0) 2021 Jan 1 Cash A/C 42,000 Building A/C Machinery A/C Orix trading LLC A/C Loan from Bank A/C Capital A/C Deposited into Bank Purchased goods and paid by cheque Purchased goods from Musandam Trading Co. and got 5% 50,000 25,000 15,000 (Dr) 12,000 ? Feb 2 20,000 Mar 1 7,500 Mar 2 6,000 trade discount 25,000 14,000 Mar 31 Brought additional capital into business Received from Orix Trading LLC in full settlement by cheque Goods distributed as free samples Apr 1 Apr 2 May 1 Мay 2 2,000 Cash purchases Sold goods to Oman International Trading LLC and offered 3,500 9,000 7% trade discount May 31 Goods returned to Musandam Trading Co. Goods taken by proprietor for personal use 1,000 June 1 2,000 Paid Insurance premium Purchased Furniture from Taghleef Industrial Company June 2 250 July 1 July 2 20,000 Sold goods to Tomoor Oman and offered 10% cash 10,000 discount July 31 Aug 1 Aug 2 Aug 31 Sep 1 Sep 2 Oct 1 6,000 2,500 Cash Sales Received Commission Goods returned by Oman International Trading LLC Paid Musandam Trading Co. by cheque Received from Oman International Trading LLC 1,200 3,000 4,000 Sold Furniture worth of RO 2000 for RO 2500 Cash taken by proprietor for personal use Sold machinery worth of RO 1500 for RO 1200 3,500 Oct 31 Oct 31 Withdrew from bank 2,500 Nov 1 Paid Musandam Trading Co. in full settlement 1,500 Received from Oman International Trading LLC in full settlement Dec 1 3,000 Dec 31 Paid salaries and Wages through bank transfer 6,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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6. Record the following transactions in Tally Prime Date Amount (in R0) 2021 Jan 1 Cash A/C 42,000 Building A/C Machinery A/C Orix trading LLC A/C Loan from Bank A/C Capital A/C Deposited into Bank Purchased goods and paid by cheque Purchased goods from Musandam Trading Co. and got 5% 50,000 25,000 15,000 (Dr) 12,000 ? Feb 2 20,000 Mar 1 7,500 Mar 2 6,000 trade discount 25,000 14,000 Mar 31 Brought additional capital into business Apr 1 Apr 2 May 1 Мay 2 Received from Orix Trading LLC in full settlement by cheque Goods distributed as free samples Cash purchases Sold goods to Oman International Trading LLC and offered 2,000 3,500 9,000 7% trade discount May 31 Goods returned to Musandam Trading Co. 1,000 2,000 Goods taken by proprietor for personal use Paid Insurance premium Purchased Furniture from Taghleef Industrial Company June 1 June 2 250 July 1 July 2 20,000 Sold goods to Tomoor Oman and offered 10% cash 10,000 discount July 31 Aug 1 Aug 2 Aug 31 Sep 1 Sep 2 Oct 1 Oct 31 Oct 31 Cash Sales 6,000 Received Commission 2,500 Goods returned by Oman International Trading LLC Paid Musandam Trading Co. by cheque Received from Oman International Trading LLC 1,200 3,000 4,000 Sold Furniture worth of RO 2000 for RO 2500 Cash taken by proprietor for personal use Sold machinery worth of RO 1500 for RO 1200 3,500 Withdrew from bank 2,500 Nov 1 Paid Musandam Trading Co. in full settlement 1,500 Received from Oman International Trading LLC in full settlement Dec 1 3,000 Dec 31 Paid salaries and Wages through bank transfer 6,000
Transcribed Image Text:6. Record the following transactions in Tally Prime Date Amount (in R0) 2021 Jan 1 Cash A/C 42,000 Building A/C Machinery A/C Orix trading LLC A/C Loan from Bank A/C Capital A/C Deposited into Bank Purchased goods and paid by cheque Purchased goods from Musandam Trading Co. and got 5% 50,000 25,000 15,000 (Dr) 12,000 ? Feb 2 20,000 Mar 1 7,500 Mar 2 6,000 trade discount 25,000 14,000 Mar 31 Brought additional capital into business Apr 1 Apr 2 May 1 Мay 2 Received from Orix Trading LLC in full settlement by cheque Goods distributed as free samples Cash purchases Sold goods to Oman International Trading LLC and offered 2,000 3,500 9,000 7% trade discount May 31 Goods returned to Musandam Trading Co. 1,000 2,000 Goods taken by proprietor for personal use Paid Insurance premium Purchased Furniture from Taghleef Industrial Company June 1 June 2 250 July 1 July 2 20,000 Sold goods to Tomoor Oman and offered 10% cash 10,000 discount July 31 Aug 1 Aug 2 Aug 31 Sep 1 Sep 2 Oct 1 Oct 31 Oct 31 Cash Sales 6,000 Received Commission 2,500 Goods returned by Oman International Trading LLC Paid Musandam Trading Co. by cheque Received from Oman International Trading LLC 1,200 3,000 4,000 Sold Furniture worth of RO 2000 for RO 2500 Cash taken by proprietor for personal use Sold machinery worth of RO 1500 for RO 1200 3,500 Withdrew from bank 2,500 Nov 1 Paid Musandam Trading Co. in full settlement 1,500 Received from Oman International Trading LLC in full settlement Dec 1 3,000 Dec 31 Paid salaries and Wages through bank transfer 6,000
Date Name of the Account Name of the Account Type of Voucher 2021 Dr Cr Feb 2 Mar 1 Mar 2 Mar 31 Apr 1 Apr 2 May 1 Мay 2 May 31 June 1 June 2 July 1 July 2 July 31 Aug 1 Aug 2 Aug 31 Sep 1 Sep 2 Oct 1 Oct 31 Oct 31 Nov 1 Dec 1 Dec 31
Transcribed Image Text:Date Name of the Account Name of the Account Type of Voucher 2021 Dr Cr Feb 2 Mar 1 Mar 2 Mar 31 Apr 1 Apr 2 May 1 Мay 2 May 31 June 1 June 2 July 1 July 2 July 31 Aug 1 Aug 2 Aug 31 Sep 1 Sep 2 Oct 1 Oct 31 Oct 31 Nov 1 Dec 1 Dec 31
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