Case Study: Tally Prime (Without GST)
Company: Bright Star Traders
Month: April 2023 (Sample Month – 31 Entries)
This sample part contains 31 daily transactions for April 2023 in a real trading business format. It
covers cash, bank, purchase, sales, expenses, payroll, and adjustment entries. Answer Key with
Trial Balance and Ledger Extracts for April are provided at the end.
Part A – Transactions (April 2023)
- 1 Apr: Owner introduced capital ■5,00,000 (Bank).
- 2 Apr: Rented shop, paid monthly rent ■20,000 (Bank).
- 3 Apr: Purchased furniture ■30,000 (Cash).
- 4 Apr: Purchased goods worth ■50,000 from Raman & Co. (Credit).
- 5 Apr: Sold goods worth ■25,000 (Cash).
- 6 Apr: Paid electricity bill ■5,000 (Bank).
- 7 Apr: Bought stationery ■2,000 (Cash).
- 8 Apr: Cash deposited into bank ■50,000 (Contra).
- 9 Apr: Paid wages ■10,000 (Cash).
- 10 Apr: Purchased computer ■40,000 (Bank).
- 11 Apr: Sold goods worth ■35,000 to Suresh (Credit).
- 12 Apr: Paid transport charges ■3,000 (Cash).
- 13 Apr: Commission income received ■4,000 (Bank).
- 14 Apr: Paid salaries ■25,000 (Bank).
- 15 Apr: Insurance premium paid ■6,000 (Bank).
- 16 Apr: Paid Raman & Co. ■20,000 (Bank).
- 17 Apr: Goods returned by Suresh ■5,000.
- 18 Apr: Loan taken from Bank ■1,00,000 (Bank).
- 19 Apr: Cash withdrawn for office use ■15,000 (Contra).
- 20 Apr: Paid repair charges for furniture ■2,500 (Cash).
- 21 Apr: Advance given to staff ■5,000 (Cash).
- 22 Apr: Purchased goods worth ■40,000 (Cash).
- 23 Apr: Bad debts written off ■3,000.
- 24 Apr: Sold goods worth ■30,000 (Bank).
- 25 Apr: Bonus paid to staff ■5,000 (Cash).
- 26 Apr: Outstanding salary ■10,000 (Journal).
- 27 Apr: Prepaid insurance adjustment ■3,000.
- 28 Apr: Paid bank loan installment ■10,000 (Bank).
- 29 Apr: Interest on loan accrued ■2,000 (Journal).
- 30 Apr: Closing stock valued at ■60,000.
Part B – Answer Key (April 2023)
Trial Balance (as on 30th April 2023)
Account Debit (■) Credit (■)
Capital A/c 5,00,000
Bank Loan A/c 1,00,000
Furniture A/c 27,500
Computer A/c 40,000
Purchases A/c 90,000
Sales A/c 90,000
Salaries A/c 35,000
Rent A/c 20,000
Stationery A/c 2,000
Electricity A/c 5,000
Wages A/c 10,000
Transport A/c 3,000
Commission Income 4,000
Insurance A/c 3,000
Bonus A/c 5,000
Repairs A/c 2,500
Outstanding Salaries 10,000
Prepaid Insurance 3,000
Bad Debts A/c 3,000
Interest on Loan 2,000
Closing Stock 60,000
Profit & Loss A/c (April 2023)
Particulars Amount (■)
Gross Profit (Sales - Purchases + Closing Stock) 60,000
Less: Salaries 35,000
Less: Rent 20,000
Less: Stationery 2,000
Less: Electricity 5,000
Less: Wages 10,000
Less: Transport 3,000
Less: Repairs 2,500
Less: Bonus 5,000
Less: Bad Debts 3,000
Less: Insurance Exp. 3,000
Less: Interest on Loan 2,000
Add: Commission Income 4,000
Net Loss 22,500
