Date Name of the Account Name of the Account Type of Voucher 2021 Dr Cr Jan 2 Jan 31 Feb 1 Feb 2 Mar 1 Mar 2 Mar 31 Apr 1 Apr 2 May 1 May 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 2 Oct 31

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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Date
Name of the Account
Name of the Account
Type of Voucher
2021
Dr
Cr
Jan 2
Jan 31
Feb 1
Feb 2
Mar 1
Mar 2
Mar 31
Apr 1
Apr 2
May 1
May 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 2
Oct 31
Transcribed Image Text:Date Name of the Account Name of the Account Type of Voucher 2021 Dr Cr Jan 2 Jan 31 Feb 1 Feb 2 Mar 1 Mar 2 Mar 31 Apr 1 Apr 2 May 1 May 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 2 Oct 31
5. Record the following transactions in Tally Prime
Date
Amount (in R0)
2021
11,000
Cash A/C
Machinery A/C
Bank A/C
Areej Products Company
National Packaging Factory A/C
Capital A/C
Purchased goods and paid by cheque
Jan 1
50,000
32,500
12,500 (Cr)
15,000 (Dr)
?
Jan 2
7,500
Jan 31
Purchased goods from Oman Chemical Industries
12,500
Feb 1
Cash Sales
20,000
Feb 2
Sold goods to Taageer Services and offered 10% trade
15,000
discount
Mar 1
Purchased goods from Raysut Industries Company and
8,000
received 5% trade discount
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Cash withdrawn from bank by proprietor for personal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
Paid to Areej Products Company in full settlement
Goods returned by Taageer Services
Paid carriage on purchases
Apr 2
12,000
May 1
1,000
May 2
200
May 31
Withdrew from bank for office use
1,500
40,000
6,000
11,500
June 1
Brought additional capital into business
Received cash from National Packaging Factory
June 2
July 1
July 2
July 31
Aug 1
Aug 2
Purchased Equipment from Oman International LLC
Paid Insurance on Office Building
1,350
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
Aug 31
Sep 1
Goods distributed as free samples
2,500
Deposited into Bank
15,000
Sep 2
Received cash from National Packaging Factory in full
8,750
settlement
Oct 1
Oct 2
Oct 31
Received interest
150
Paid Electricity charges by cheque
Paid Salaries and Wages
1,100
2,500
Transcribed Image Text:5. Record the following transactions in Tally Prime Date Amount (in R0) 2021 11,000 Cash A/C Machinery A/C Bank A/C Areej Products Company National Packaging Factory A/C Capital A/C Purchased goods and paid by cheque Jan 1 50,000 32,500 12,500 (Cr) 15,000 (Dr) ? Jan 2 7,500 Jan 31 Purchased goods from Oman Chemical Industries 12,500 Feb 1 Cash Sales 20,000 Feb 2 Sold goods to Taageer Services and offered 10% trade 15,000 discount Mar 1 Purchased goods from Raysut Industries Company and 8,000 received 5% trade discount 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 Paid to Areej Products Company in full settlement Goods returned by Taageer Services Paid carriage on purchases Apr 2 12,000 May 1 1,000 May 2 200 May 31 Withdrew from bank for office use 1,500 40,000 6,000 11,500 June 1 Brought additional capital into business Received cash from National Packaging Factory June 2 July 1 July 2 July 31 Aug 1 Aug 2 Purchased Equipment from Oman International LLC Paid Insurance on Office Building 1,350 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 Aug 31 Sep 1 Goods distributed as free samples 2,500 Deposited into Bank 15,000 Sep 2 Received cash from National Packaging Factory in full 8,750 settlement Oct 1 Oct 2 Oct 31 Received interest 150 Paid Electricity charges by cheque Paid Salaries and Wages 1,100 2,500
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