Ledger :-
Purchases = purchases accounts
Sales = sales accounts
Inventory info ----> units of measure ----> stock items
Units of measure:-
In this option we are specifying stock base measurement like--Kg's, sets,liters,packets,bags etc........
Stock items:-
In this option we have to specify items information.
Steps for crarte measurement:-
1. Goto inventory info
2. Goto Unit of Measure
3. Goto Crete Option
4. Type the Sets
5. Enter.
Steps for create items:-
1. Goto inventory info
2. Goto stock items
3. Goto create(multiple stock items)
4. Name of the item = color tv's
units = sets
F8:-With the help of this key only we can per stock sales operations
F9:-To perform all types of stock purchases operations
Note:-
To perform purchases and sales operations we have to create "purchase a/c's and sales a/c's.
Problem 1:-
1. Mr. Praveen Started a New bussiness with 3,00,000/-
2. Power bill paid 1,200/-
3. Salary Paid 15,000/-
4. Interest Received 22,000/-
5. Purchases Color Tv's 10 Sets Each one 9,000/-
6. Sales as Fallow's:-
Color Tv's 5 Sets Each one 15,000/-
Color Tv's 3 Sets Each one 7,500/-
Color Tv's 2 Sets Each one 12,000/-
Problem 2:-
1.Mr.Rakesh started a new business 5,00,000/- 2.cash deposited in to SBI 1,00,000/-
3.cash deposited in to andhra bank 2,00,000/-
4.Rent Paid paid - 1000/-
5.Purchases as fallow's:-
a. Rice 25 Bags each one 1050/-
b. Oil 20 Cans each one 2600/-
c. Sugar 35 Bags each one 2350/-
d. Lux Soaps 50 Pisces each one 40/-
6. Cash withdraw from SBI 17,000/-
7. Cash Transfer to Andhra Bank to SBI 35,000/-
8. Sales as fallows through Andhra Bank:-
a. Rice 15 Bags each one 1500/-
b. Oil 14 Cans each one 3200/-
c. Lux Soaps 30 Pisces each one 55/-
d. Sugar 25 Bags each one 3100/-
9. SBI Cheque Issued to Kumar 10,000/- (Cheque No:170589)
10. Sales as fallows:-
a. Rice 10 Bags each one 1250/-
b. Oil 5 Cans each one 2900/-
c. Sugar 7 Bags each one 2700/-
d. Lux Soaps 20 Pisces each one 47/-
11.Cash Transfer to SBI to Andhra Bank 13,000/-
12.Cash Received from Kumar through SBI 10,000/-
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