Cinemugam (Kollywood): tally dealing with simple company

COMPANY NAME: - MAGNET BOOK STORE PRIVATE LIMITED

ADDRESS: DHARAVI, MUMBAI - 400017

LEDGER NAME	UNDER GROUP	OPENING BALANCE
SHARE CAPITAL	CAPITAL ACCOUNT	15,00,000
LOAN FROM SBI BANK	SECURED LOAN	5,00,000
PROVISION FOR DEPRECIATION	PROVISION	450000
O/S RENT	CURRENT LIABILITY	6000
O/S SALARIES	CURRENT LIABILITY	8000
DEPOSIT FOR PREMISES	DEPOSITS (ASSETS)	2,00,000
INVESTMENT IN SHARES	INVESTMENT	60,000
FURNITURE	FIXED ASSETS	28,000
COMPUTERS	FIXED ASSETS	50,000
CASH IN BANK	BANK ACCOUNT	1,00,000
CASH IN HAND	CASH IN HAND	75,000
CLOSING STOCK	STOCK IN HAND	50,000
ABHYUDAYA BANK	BANK ACCOUNT	1,25,000
MACHINERY	FIXED ASSET	2,00,000
BUILDING	FIXED ASSET	6,00,000
Discount Allowed A/c Commission Allowed A/c	Indirect expenses Indirect expenses	1800 300	Cash cash
Salary A/c	Indirect expenses	500	Cheque
Travelling Expenses	Indirect expenses	900	Cheque
Rent paid A/c	Indirect expenses	450	Cash
Brokerage Account	Indirect expenses	1250	Cash
Printing & Stationery Electricity charges Miscellaneous expenses Advertisement Office expenses Interest on loan Delivery van expenses Conveyance Expenses Refreshment Expenses Administrative expenses Discount received A/c Commission received A/c	Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect income Indirect income	600 1200 820 960 1020 350 125 650 250 450 900 4500	Cheque Cash cash Cheque Cheque Cheque Cheque Cheque Cheque Cheque Cheque Cheque

To maintain Stock Statement

Goods are purchased from these parties. (VAT @12.5%)

Goods are sold to these parties. (VAT @12.5%)

Purchase and Sales Return

On 1^st June, goods purchased from Babaji store has been returned. Details are

Stock item	Godown	Quantity	Bill no.
BALBARATHI	Dharavi	2	OM 001

On 1^st August, goods purchased from Saraswati store has been returned. Details are

Bill no.	Godown	Quantity	Stock item
Om 006	Sion	1	FINAL

On 1^st October, goods purchased from Anand store has been returned. Details are

Bill no.	Godown	Quantity	Stock item
Om 003	Sion	5	ARITHMATIC

On 1^st July, goods sold to Philips Store were returned. Details are

Bill no.	Godown	Quantity	Stock item
Om p005	Dharavi	5	BASIC

On 31^st December, goods sold to Reliance company were returned. Details are

Bill no.	Godown	Quantity	Stock item
Om p007	Sion	2	BALBARATHI

On 31^st January, 2011 goods sold to IPL store were returned. Details are

Bill no.	Godown	Quantity	Stock item
Om p006	Dharavi	2	ARITHMATIC

Contra Entries

4. On 1^st September, Withdraw Rs. 50000 from Abhyudaya bank for business purpose.

5. On 30^th November, With drawn Rs. 25000 from Cash in bank for business purpose.

6. On 28^th February, Deposit Rs. 25000 in Abhyudaya bank.

Charging Depreciation

On 31 – 3 – 2011 Charge depreciation @ 10% on furniture, 20% on computer, 12.5% on Machinery, 7.5% on Building

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