Question

Record the following transactions in appropriate vouchers 

1/6/2018 – Riyas started a business with cash – Rs. 1,00,000 

2/6/2018 – Opened a bank account with Canara Bank – Rs. 30,000

3/6/2018 – Bought furniture for cash – Rs.10,000 

4/6/2018 – Purchase goods from Niyastores – Rs,25,000 

5/6/2018 – Cash sales – Rs.12,500 

6/6/2018 – Paid for stationery – Rs. 500 

7/6/2018 – Cash paid to Niya stores – Rs. 20,000 

8/6/2018 – Cash withdraw from Canara bank – Rs.10,000

Answer 1

Procedure: 

Step 1 – Create a New Organisation – Profit Making – with imaginary data 

Step 2 – Creation of Ledger Accounts Master menu → Create Account Analysis Table

Step 3 – Create all the ledger accounts and save the details 

Step 4 – Enter all the transactions in appropriate vouchers 

1. Select the appropriate voucher form Voucher menu 

2. Enter the Voucher Number and date 

3. Select the Debit account name and enter the amount, then press Enter 

4. Select the credit account name and enter the amount 

5. Enter narration and click on Save. 

Output: