Credit Operations in Tally (Notes)

In this concept we can perform any money transactions. It means barrow and sold items with credit operations. Here we can use credit purchase and credit sales.

In this concept we are having the fallowing operation's

Solution's

1. Computer purchased from Ravi 10,000/-

2. Computer was sold to Dinakar 20,000/-

CREDIT PURCHASES [F7]:-
Computer purchaed from Ravi 10,000/-

Ex:- by - Computer -10,000/-
       to  - Ravi          -10,000/-

Note:- We have to create Ravi has sundry creditor.

CREDIT SALES  [F7]:-
Computer was sold to Dinakar 20,000/-

Ex:- by -  Dinakar    - 20,000/-
       to  - Computer - 20,000/-

Note:- We have to create Dinakar has sundry Debitor.

Problem 1:-

1.  Mr.raju started a new business with  2,00,000/- 

2.  Cash Depositied into SBI  50,000/-3.  Office expenses  5,500/- 

4.  computer purchased from Rafi Technologies  22,000/-
5.  Furniture purchased from vijaya traders  14,000/-
6.  Donation Received through bank 18,000/-

7.  Cash paid to Rafi Technologies.
8.  Cash paid to Vijaya traders.

9.  Depreciation on Computer 2,500/-

10.Cash withdraw from SBI  25,000/-

11.Cash paid to Krishna 30,000/-

12.Cash Received from Krishna 40% Only

13.Computer was sold to Pavani 70% Profit.

14.Cash From Pavani.

Problem 2:-

1.Mr.Bunny started a new business with - 2,00,000/-
2.Cash deposited in to Andhra bank - 60,000/-
3.Rent paid through bank - 12,000/-
4.Interest paid - 2,000/-
5.Intrest received through bank - 8,000/-
6.Donation received through bank - 8,000/-
7.Printer purchased from Venkatesh - 8,000/-
8.Cell purchased from Amar - 9,000/-
9.Computer purchased from Rohini -16,000/-
10.Cash paid to Venkatesh.
11.Cash paid to Amar.
12.Cash Paid to Rohini.

13.Printer was sold to Prasad 25% Loss.

14.Cash from Prasad.

Problem 3:-

1.Miss.Sneha started a new business with - 5,00,000/- 

2.Scooter purchased from Vinay 38,000/- 

3.Furniture purchased from Satish Traders 24,000/- 

4.Cash paid to Vinay.

5. Scooter was sold to Vijay 42,000/-

6. Cash Paid to Satish.

7. Cash Deposited into Canara Bank 1,25,000/-

8. Cash from Vijay.

9. Cash with draw from Canara Bank 78,000/-

10. Internet bill Paid Through Bank 800/-

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