Paid salaries and Wages through bank transfer
1,. Record the following transactions in Tally Prime
Date Amount (in RO)
2021
Jan 1 Cash A/C 11,000
Machinery A/C 50,000
Bank A/C 32,500
Areej Products Company 12,500 (Cr)
National Packaging Factory A/C 15,000 (Dr)
Capital A/C ?
Jan 2 Purchased goods and paid by cheque 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
discount
15,000
Mar 1 Purchased goods from Raysut Industries Company and
received 5% trade discount
8,000
Mar 2 Cash withdrawn from bank by proprietor for personal
use
1,200
Mar 31 Sold Machinery worth of RO 3500 for RO 3,250
Apr 1 Goods returned to Oman Chemical Industries 1,500
Apr 2 Paid to Areej Products Company in full settlement 12,000
May 1 Goods returned by Taageer Services 1,000
May 2 Paid carriage on purchases 200
May 31 Withdrew from bank for office use 1,500
June 1 Brought additional capital into business 40,000
June 2 Received cash from National Packaging Factory 6,000
July 1 Purchased Equipment from Oman International LLC 11,500
July 2 Paid Insurance on Office Building 1,350
July 31 Paid for fuel and Power 850
Aug 1 Cash taken by proprietor for personal use 2,000
Aug 2 Sold goods to L&T Industries and offered 10% cash
discount
16,000
Aug 31 Goods distributed as free samples 2,500
Sep 1 Deposited into Bank 15,000
Sep 2 Received cash from National Packaging Factory in full
settlement
8,750
Oct 1 Received interest 150
Oct 2 Paid Electricity charges by cheque 1,100
Oct 31 Paid Salaries and Wages 2,500
__________________________
2. Record the following transactions in Tally Prime
Date
2021
Amount (in RO)
Jan 1 Cash A/C 42,000
Building A/C 50,000
Machinery A/C 25,000
Orix trading LLC A/C 15,000 (Dr)
Loan from Bank A/C 12,000
Capital A/C ?
Feb 2 Deposited into Bank 20,000
Mar 1 Purchased goods and paid by cheque 7,500
Mar 2 Purchased goods from Musandam Trading Co. and got 5%
trade discount
6,000
Mar 31 Brought additional capital into business 25,000
Apr 1 Received from Orix Trading LLC in full settlement by cheque 14,000
Apr 2 Goods distributed as free samples 2,000
May 1 Cash purchases 3,500
May 2 Sold goods to Oman International Trading LLC and offered
7% trade discount
9,000
May 31 Goods returned to Musandam Trading Co. 1,000
June 1 Goods taken by proprietor for personal use 2,000
June 2 Paid Insurance premium 250
July 1 Purchased Furniture from Taghleef Industrial Company 20,000
July 2 Sold goods to Tomoor Oman and offered 10% cash
discount
10,000
July 31 Cash Sales 6,000
Aug 1 Received Commission 2,500
Aug 2 Goods returned by Oman International Trading LLC 1,200
Aug 31 Paid Musandam Trading Co. by cheque 3,000
Sep 1 Received from Oman International Trading LLC 4,000
Sep 2 Sold Furniture worth of RO 2000 for RO 2500
Oct 1 Cash taken by proprietor for personal use 3,500
Oct 31 Sold machinery worth of RO 1500 for RO 1200
Oct 31 Withdrew from bank 2,500
Nov 1 Paid Musandam Trading Co. in full settlement 1,500
Dec 1 Received from Oman International Trading LLC in full
settlement
3,000
Dec 31 Paid salaries and Wages through bank transfer 6,000
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