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Sundaram Finance LTD: Nokia Cell Hone Model No N 97

1) Sri Ram Stores was created and took a loan of Rs. 500,000 from Sundaram Finance Ltd. 2) The company purchased Nokia and Sony Ericsson mobile phones worth Rs. 10,40,000 and Rs. 8,58,000 respectively from suppliers. 3) The mobile phones were sold to retailers Geetha Mobiles Stores and Smart Cell Phones over several transactions for a total of Rs. 28,23,480.

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Aradhna Pandey
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85 views2 pages

Sundaram Finance LTD: Nokia Cell Hone Model No N 97

1) Sri Ram Stores was created and took a loan of Rs. 500,000 from Sundaram Finance Ltd. 2) The company purchased Nokia and Sony Ericsson mobile phones worth Rs. 10,40,000 and Rs. 8,58,000 respectively from suppliers. 3) The mobile phones were sold to retailers Geetha Mobiles Stores and Smart Cell Phones over several transactions for a total of Rs. 28,23,480.

Uploaded by

Aradhna Pandey
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Create a company in the name of Sri Ram Stores and enter the following data

Date : particulars Amount

01.04.2010. Loan taken from Sundaram Finance Ltd through


Canara bank Cheque no : 000251 (receipt) 500,000

02/04/2010 Purchase Nokia cell hone model no N 97 50 nos @


20000/- plus sales tax 4 % on on the product value
From each from Bhavani Home Needs inv 561 10,40,000
(Purchase voucher)

04/04/2010 Purchased sony eriricsson C 902 Model mobiles 50


Nos @ 16500/- plus sales tax 4% on the product value
From Cell City, inv 1005 dt 04/04/10 8,58,000
(Purchase voucher)

05/04/2010 Sale of Nokia model mobiles N 97 model 25 nos each


22500/- plus sales tax 4 % to Geetha Mobiles stores 5,85,000
(Sale Voucher)
07/04/2010 Sales of Sony erricsson C-902 Model 35 nos each@
18000/- each plus sales tax 4 % to Smart cell phones 6,55,200

10/04/2010 Sale of Sony erricsson C 902 model 5nos @ 18000


Each and Nokia N 97 model 10 nos @ 22500 each
Plus sales tax 4% to Geetha Mobiles Stores 3,27,600

11/04/2010 Sales of Nokia Model no N 97, 8 nos @ 22500/- each


And sony erricsson c-902 model 9 nos @ 18000/- each
Plus sales tax 4% to Smart Cell Phones 3,55,680

15/04/2010 Received Union Bank of india cheque no 550012 from


Geetha Mobiles stores (deposited to state bank of india) 5,00,000
(Receipt Voucher)

16/04/2010 Recd icici bank che 550312 dt 16/04/2010 from


Smart Cell phones (Receipt Vocucher) 6,55,200

20/04/2010 Received Union Bank cheque no 550013 dt 20/04/10


From Geetha Mobile stores (Receipt Voucher) 2,00,000

21/04/2010 Recdived ICICI Bank cheque no 550314 from Smart


Cell Phones (Receipt Voucher) 2,25,680

22/04/2010 Paid to Bhavani Home Needs (through state-


Bank of india cheque no 256001) Payment 9,88,000

22/04/2010 Received cash from Geetha Mobiles (receipt) 15,000

22/04/2010 Cash withdrawn from state bank of India through


SBI che 256002 (contra) 50,000
23/04/2010 staff salary paid through cash (Payment) 12,000

23/04/2010 Paid office rent through cash “ 10,000

Cash deposited to State Bank of India (Contra) 25,000

25/04/2010 Paid SBI cheque no 256003 to Cell City (Payment) 8,15,100

25/04/2010 discount recd from Cell City (Journal) 42,900


discount recd from Bhavani Home Needs “ 52,000

26/04/2010 Paid sbi che no 256004 to Supreme computers (Payment)


Towards purchase of computer for Office use 25,000

30/04/2010 Interest payable to Sundaram finance @ 18% on


Rs 500,000 for april (JourPnal) 7,500

30/04/2010 Deduct tds 10.30% on interest from Sundaram Finance 773


(Jrnl)

01/05/2010 Paid cash for A4 size white sheet 1 bundle


(printing & Stationary a/c) (payment) 150

05/05/2010 Paid sbi che 526005 to Bank of India towards TDS for
The month of tds (payment) 773

31/03/2010 Depreciation on computer 30% on Rs 25000/- 7500

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