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Tally Transactions Summary

The document outlines transactions involving the sale of mobile phones, including opening stock, sales orders, and returns, culminating in a closing stock of 67 units as of April 31, 2024. The balance sheet shows total assets of ₹4,52,000 and stock worth ₹6,70,000, with liabilities including a capital of ₹10,00,000 and a profit of ₹58,500. The profit and loss statement indicates net sales of ₹3,92,000 and a net profit of ₹42,000.

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15 views1 page

Tally Transactions Summary

The document outlines transactions involving the sale of mobile phones, including opening stock, sales orders, and returns, culminating in a closing stock of 67 units as of April 31, 2024. The balance sheet shows total assets of ₹4,52,000 and stock worth ₹6,70,000, with liabilities including a capital of ₹10,00,000 and a profit of ₹58,500. The profit and loss statement indicates net sales of ₹3,92,000 and a net profit of ₹42,000.

Uploaded by

appalaraju
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as TXT, PDF, TXT or read online on Scribd
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Tally Prime Transactions Summary

========================================

Transactions:
1. 01-04-2024: Opening stock of Mobile Phones – 100 units @ ₹10,000 each.
2. 02-04-2024: Sales Order received from Raj Traders for 50 Mobile Phones @ ₹12,000
each.
3. 02-04-2024: Advance of ₹60,000 received from Raj Traders against the Sales
Order.
4. 02-04-2024: Sold 30 Mobile Phones @ ₹12,000 each to Raj Traders.
5. 02-04-2024: Pre-closure of remaining 20 units in Sales Order from Raj Traders.
6. 02-04-2024: Rejection In - 5 Mobile Phones returned by Raj Traders due to
damage.
7. 31-04-2024: Received ₹3,00,000 from Raj Traders as balance payment.
8. 31-04-2024: Sold 10 Mobile Phones to Super Electronics @ ₹11,500 each.
9. 31-04-2024: 2 Mobile Phones returned by Super Electronics.
10. 31-04-2024: Received ₹92,000 via cheque from Super Electronics.

Stock Summary (as on 31-04-2024):


- Opening Stock: 100 units
- Sales: 30 (Raj Traders) + 10 (Super Electronics) = 40 units
- Returns In: 5 (Raj Traders) + 2 (Super Electronics) = 7 units
- Closing Stock: 100 - 40 + 7 = 67 units

Balance Sheet (as on 31-04-2024):


Assets:
- Bank A/c: ₹60,000 (advance) + ₹3,00,000 + ₹92,000 = ₹4,52,000
Stock in Hand (67 units @ ₹10,000): ₹6,70,000

Liabilities:
- Capital / Opening: ₹10,00,000
- Profit & Loss: ₹58,500 (from income statement)

Profit & Loss Statement:


Sales:
- 30 units @ ₹12,000 = ₹3,60,000
- 10 units @ ₹11,500 = ₹1,15,000
- Total Sales = ₹4,75,000

Sales Returns:
- 5 units (Raj Traders) @ ₹12,000 = ₹60,000
- 2 units (Super Electronics) @ ₹11,500 = ₹23,000
- Net Sales = ₹3,92,000

Cost of Goods Sold:


- 35 units @ ₹10,000 = ₹3,50,000

Net Profit: ₹3,92,000 - ₹3,50,000 = ₹42,000

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