TALLY HOME & INSTITUTE – YOUTUBE CHANNEL

INTRODUCTION TRANSACTIONS

Business Primary Activity- Man Power Supply (Human Resource)

1. Gaurav start a company in the name of GL Consultancy & Services
(GSTIN No. 09BRTPS1884F2Z2), Capital Introduced by Gaurav in cash Rs.
1000000.
2. Opened a bank account in SBI by depositing cash Rs. 200000.
(Account No. 72571011000777)
3. Purchased stationery in cash of Rs. 1000 (Inclusive of GST@18%) from
SITA STATIONERY, Agra GSTIN – 09LMNPS1234A1B1
Invoice no. -02
4. Purchased following Furniture from Raj furniture (09CYMPS9401F2Z2)
house on Credit.
Office table Rs 6000
Office Chair Rs 1200
Waiting Chair Rs. 7000
Taxes (18% extra) (Invoice no. 54) (Total Value= 16756)
5. Purchased a computer in cash Rs. 22500 (Inclusive of Taxes 28%) from
SEHGAL COMPUTER (GSTIN no. 09CYMPS9454F2Z2) (Invoice no. 62)
6. Hired an office space for Rs. 3000 per month & paid Rs. 6000 by cheque
no. 02 as security deposit.
TALLY HOME & INSTITUTE – YOUTUBE CHANNEL

Expenses or Purchase Transaction

1. Businessman issue an employment advertisement on AMARUJALA
newspaper by paying cheque No.03 of Rs. 2500 (inclusive of 18% GST) to
Sagar advertisement
(GSTIN – 09BRTFA9400P2S1)
invoice no. 23
2. Purchase candidate data from Naurki.Com (GSTIN- 07AALCN4721E1Z2)
Invoice number- 52
Taxable Value- 31000 NOTE- TDS TO BE DEDUCTED ON INVOICE
BECAUSE VALUE IS ABOVE Rs. 30000
GST @18% - 5580
Total invoice amt- 36580
Note: - Invoice Amount paid to Naukri.com by cheque.
3. Appointed two employee for following post
Aman Kumar (Manager)- 9000
Pramod Kumar (Accountant)-6500
4. Cash Expenses for the month as following
1. Shop Rent- 3000
2. Electricity Bill- 500
3. Employee salary- 15500
4. Petrol Expenses- 2000
 TALLY HOME & INSTITUTE – YOUTUBE CHANNEL

SALE TRANSACTION

1. Invoice issue to Gaurav Traders (GSTIN 09ABCPG1212E1Z2),AGRA(U.P.)

Number of Employee- 2
Post Name- Account Assistant
Taxable value- 15000
GST @18% - 2700
Total Amount- 17700
2. Invoice Issue to ABC & CO., Delhi (GSTIN no. 07ABCFA1234E1Z2)
Number of Employee- 2
Post name- Account manager
Taxable value- 45000
GST@18% - 8100
Total Amount – 53100
3. Amount of Rs. 52650 received from ABC & CO. by Cheque after TDS
Deduction.