1. Tarun started a business with Rs. 500,000 in cash and deposited Rs. 200,000 in ICICI Bank. Various business transactions occurred over 50 instances which included purchases and sales of goods and services, expenses, bank transactions, and cash flows.
2. Key transactions included purchasing machinery, furniture, goods from multiple suppliers on credit terms, selling goods for cash and credit, receiving and paying commissions, taking a bank loan, and various operating expenses.
3. By transaction 50, Tarun had deposited Rs. 25,000 back into the bank after engaging in over 50 transactions related to purchases, sales, expenses and cash flows over the period.
1. Tarun started a business with Rs. 500,000 in cash and deposited Rs. 200,000 in ICICI Bank. Various business transactions occurred over 50 instances which included purchases and sales of goods and services, expenses, bank transactions, and cash flows.
2. Key transactions included purchasing machinery, furniture, goods from multiple suppliers on credit terms, selling goods for cash and credit, receiving and paying commissions, taking a bank loan, and various operating expenses.
3. By transaction 50, Tarun had deposited Rs. 25,000 back into the bank after engaging in over 50 transactions related to purchases, sales, expenses and cash flows over the period.
Original Description:
basic transactions for accounting for getting started.
1. Tarun started a business with Rs. 500,000 in cash and deposited Rs. 200,000 in ICICI Bank. Various business transactions occurred over 50 instances which included purchases and sales of goods and services, expenses, bank transactions, and cash flows.
2. Key transactions included purchasing machinery, furniture, goods from multiple suppliers on credit terms, selling goods for cash and credit, receiving and paying commissions, taking a bank loan, and various operating expenses.
3. By transaction 50, Tarun had deposited Rs. 25,000 back into the bank after engaging in over 50 transactions related to purchases, sales, expenses and cash flows over the period.
1. Tarun started a business with Rs. 500,000 in cash and deposited Rs. 200,000 in ICICI Bank. Various business transactions occurred over 50 instances which included purchases and sales of goods and services, expenses, bank transactions, and cash flows.
2. Key transactions included purchasing machinery, furniture, goods from multiple suppliers on credit terms, selling goods for cash and credit, receiving and paying commissions, taking a bank loan, and various operating expenses.
3. By transaction 50, Tarun had deposited Rs. 25,000 back into the bank after engaging in over 50 transactions related to purchases, sales, expenses and cash flows over the period.
1-Tarun Started business with cash worth Rs 500000
2-Cash deposited in ICICI bank Rs 200000 3- Purchased furniture worth Rs 50000 4-purchased machinery worth Rs 100000 from Rahul 5-paid rent worth Rs 25000 6-paid electricity expense worth Rs 5000 7- Purchase goods from K limited Rs 60000 on credit 8- Sold goods to Ankit Rs 10000 on cash basis 9-Sold goods to Ravi Rs 7000 10-Cash sales made Rs 20000 11-Commisioned received by Tarun Rs 5000 12- deposited Rs 20000 in ICICI bank 13- Purchase goods from M limited RS 200000 @ 10% T.D 14-Sold goods to B limited Rs 40000 @10% T.D 15-Sold goods to D limited Rs 30000 @ 10%T.D M
@ 10% C.D
16-Received 36000 from B limited
17-Commissioned received by cheque is Rs 30000 18- Purchased goods from R Ltd at Rs 100000 @ 10% T.D @ 10% C.D @ 50% of the payments done
19-Tarun sold goods to XYZ limited at Rs 80000 @ 10% T.D
@ 10% C.D @ 50% cash received 20-Futher following expenses were made by cash Telephone 4000 Travelling -5000 21-Scrap furniture sold worth RS 21000 22- Received commissioned worth Rs 5000 23-Bank loan taken worth Rs 250000 at 10% interest 24-sold goods to Rohit worth Rs 60000 for cash 25-Purchased television worth Rs 40000 by cash 26-Sold goods worth Rs 30000 to Apoorva 27-Purchased Machinery worth Rs 50000 28-Purchased goods from R limited worth Rs 4000 29-Sold goods to Tushar worth Rs 60000 30-Purchased motor vechile worth Rs 30000 from B limited for office use 31-printing and stationary expenses worth Rs 17000 32-Sold goods to Mohan by Cash 3000 33-Credit purchase from Rohit Rs 45000 34-Paid cash expenses Wages-Rs 3000 Carriage inwards-2000 Carriage outwards-1000 35- Sold goods to B limited worth Rs 55000 36- Sales return worth Rs. 10000 from B ltd.
37-Sold goods to D limited worth Rs 30000
38- Received 40000 from B ltd. in full and final settlement of his account 39- Received 30000 from D ltd. by cheque. 40-Sold goods to M worth Rs 5555 41- Purchased machinery worth 65000. 42- Purchased goods from M ltd. Worth Rs 35000 43-Purchased goods from K limited worth Rs 43000 for cash 44-Sold goods to B limited worth Rs 21000 45-Printing and Stationary expenses occur worth Rs 4500 46- Purchases Return worth Rs. 1200 from M ltd. 47- Paid mobile expenses worth Rs 1200 48 Purchased goods from L ltd Rs. 20000 49 sold goods to V Ltd Rs. 25000 for cash 50. Cash deposited Rs. 25000 in bank.