Accountancy, asked by priya9434, 11 months ago

Create a Company as “Food Inns Ltd.” in Tally with inventory management

Pass the following Entries and prepare the report.

(i) Sunder started “Food Inns Ltd.” by bringing Capital Rs.3, 00,000/- Cash.

a. He deposited Rs.1, 00,000/- cash at ICICI bank.

b. He paid electricity bill for Rs.1, 200/- by cash.

c. He withdrawn Rs.10, 000/- cash for his personal use.

d. He purchased the following item from Computer Lab. Ltd., Karnataka on credit

with 12% GST.

(a) Computer - 10 Nos. - @20000/- each

f. He sold the following item to Somnath Traders, Tamilnadu in cash with 12%

GST.(a) Computer - 5 Nos. - @27500/- each

g. He sold the following item to SEW Enterprises, Gujarat in cash with 12% GST.

(ii) Show the Trial Balance and Balance Sheet of “Food Inns Ltd.”

(iii) Show the GST Computation report of the above company.

(Duration: 1:30 Mins)

e. He purchased the following item from Raj InfoTech Ltd., Tamilnadu on credit

with 12% GST.

(a) Canon Printer - 15 Nos. - @10800/- each

(a) Canon Printer- 5 Nos. - @15000/- each

h. He received Rs.6, 000/- as commission from Rohit by cash.

i. He paid House Rent for Rs.5, 000/- by cash.

j. He withdrawn Rs.25, 000/- cash for office use from ICICI Bank.

k. He purchased furniture for Rs.25, 000/- by cash for office use​

Answers

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1

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