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F11 Features:

Use Discount column in Invoice: Yes

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Cash                            –                                                           160000

Sundry Debtors           –                       Rishabh                       19000

Sundry Creditors         –                       Mahesh                       20000

Computer                    –                                                           10000

Manager                      –                                                           5000   

Hero Splendour           10 PCS                                               65000/-

Deluxe                         15 PCS                                               47000/-

Hunk                           5 PCS                                                 90000/-

Passion pro                 18 PCS                                               63000/-

BAJAJ Pulsar150 Cc  410 PCS                                             92000/-

Discover                      41 PCS                                               65000/-

Discover125Cc           17 PCs                                                66000/-

TVS Star sports          10 PCS                                               61000/-

TVS excel 60Cc          12 PCS                                               35000/-

TVS excel 100Cc        11 PCS                                               40000/-

1.Cash receipt from debtors                           –           18000

2. Paid phone bill  by manager a/c                 –           3000

(Hint : F7 journal)

Dr. Phone bill                          –                                  3000

Cr. Manager                            –                                   3000

3.Goods Sold to Abhishek Auto (Sundry Debtors)

Deluxe                         5 PCS             48000/-            5% Discount

Hunk                           3 PCS             91000/-            3% Discount

Splendour                    4 PCS             90000/-            2% Discount

4.Paid to Creditors 2% Discount

5.Goods Sold to Manoj Auto

Deluxe                         3PCS              47000/-            1% Discount

Passion Pro                5PCS              60000/-            5% Discount

Star Sport                    5PCS              35000/-            3% Discount   

Check your answers

Opening Stock – 4,41,61000

Working Capital –  4,42,35,350 

Stock in Hand   – 4,26,35,000

Cash In Hand    –  1,58,400 

 Net Loss         – 89650

Sundry Debtors –  14,39,950 

Sales Account     – 14,39,950