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Interest Calculation

 Create new company 


Set 1

1st April- Start business with cash 3,00,000


2nd April- deposit cash in SBI Bank 2,00,000


Create a ledger with name Ram under sundry debtor interest rate 5% calendar month, debit balance only, 





2nd April- Sale goods to Ram 30,000


1st May - Sale goods to Ram 50,000


2nd May - Sale goods Ram 40,000


31st May - Receipt Amount from Ram through SBI bank 40,000


31st May- sale goods to Ram 25,000


2nd June - Amount received from Ram through SBI bank 60,000


31st july - Display ledger report of Ram and show bill wise detail 




31 july- Check interest of Ram for period 1st April to 31st july




31st july- Calculate interest of Ram on 31st July 

31st july - Clear bill by Ram through SBI Bank


31st july - display Balance Sheet 





Set 2



Create a ledger with name Tamesh under sundry debtor interest rate 26% calendar year, debit balance only, 




2nd April- Sale goods to Tamesh 25,000


1st May - Sale goods to Tamesh 40,000


2nd May - Sale goods Tamesh 30,000


31st May - Receipt Amount from Tamesh through SBI bank 1,20,000


31st May- sale goods to Tamesh 35,000


1st june - sale goods to Tamesh 70,000


2nd June - Amount received from Tamesh through SBI bank 60,000


2nd july - Display ledger report of Tamesh and show bill wise detail 




2nd july- Check interest of Tamesh for period 1st April to 2nd  july




2nd july- Calculate interest of Tamesh on 2nd July 

2nd july - Clear bill by Tamesh through SBI Bank


31 july - display Balance Sheet 





Set 3


Create ledger with Name Aditya under sundry creditor, interest rate 4% calendar month, credit balance only.




2nd April- Purchase goods from Aditya 

Item

Q

Rate

iPhone 13

1

52,500

Vivo y23

2

18,000


2nd April- pay 50% Amount to Aditya through SBI bank

1st May Purchase good ls from Aditya

Item

Q

Rate

Charger

2

1,500

Head phone

5

700

Air Dops

5

1,600


2nd May Purchase goods from Aditya 10,000


1st jun Pay to Aditya 60,000 through SBI bank


1st jun Purchase goods from aditya 15,000


2nd july Display ledger report of Aditya and show bill wise detail




2nd july calculate interest fir Aditya




2nd july show balance sheet 



2nd July clear bill of adiya through Cash


2nd july show balance sheet 




Set 4


Create ledger with Name AD Pvt Ltd under sundry debtor,  interest rate 23% calendar year, debit balance only.  




1st - May Sale goods to AD pvt ltd

Item

Q

Rate

iPhone 13

1

62,500

Vivo y23

2

25,000

1st May - received Amount from AD pvt ltd through SBI bank 1,00,000


31st May - sale goods to AD pvt ltd

Item

Q

Rate

Charge 

2

2,000

Head phone

2

1200

Air dops

2,500

2nd jun - received amount from AD ptv ltd 30,000 thought HDFC bank


1st July - Sale good to AD pvt ltd 25,000


31st July display ledger report of AD pvt ltd and show bill wise detail and show inventory  detail




31st July calculate interest for AD pvt ltd




31st July- show balance sheet 




31st july - clear bill by AD pvt ltd through HDFC Bank


31st July- show balance sheet 




31st July- show trial balance




Show stock summary 




Create a ledger name Rashmi Enterprises, interest rate 6% calendar month.




Set 5

01/04/24 - Purchase goods from Rashmi enterprises 30000/-

01/04/24 - Pay to Rashmi enterprises by SBI Bank 20000/-

02/04/24 – Purchase goods from Rashmi enterprises 15000/-

01/05/24 - Purchase goods from Rashmi enterprises 10000/-

02/05/24 - Purchase goods from Rashmi enterprises 15000/-

31/05/24 – Pay to Rashmi enterprises 60% by SBI Bank.

01/07/24 – Check  interest for Rashmi enterprises.



01/07/24 – Clear all pending bills by SBI Bank.

01/07/24 – Show balance sheet.


 

 

 


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