Question
What is meant by ‘Tally ERP9”?
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| Liabilities | ₹ | ₹ | Assets | ₹ |
| Capital accounts: | Buildings | $40,000$ | ||
| Oviya | $50,000$ | Plant | $50,000$ | |
| Kavya | $40,000$ | $90,000$ | Furniture | $30,000$ |
| Profit and loss appropriation A/c | $40,000$ | Debtors | $20,000$ | |
| General reserve | $8,000$ | Stock | $10,000$ | |
| Workmen’s compensation fund | $12,000$ | Cash | $20,000$ | |
| Sundry creditors | $20,000$ | |||
| $1,70,000$ | $1,70,000$ |
| Particulars | $₹$ |
| Tournament fund on $1^{st}$ April $2018$ | $90,000$ |
| Tournament fund investment on $1^{st}$ April $2018$ | $90,000$ |
| Interest received on tournament fund investment | $9,000$ |
| Donation to tournament fund | $10,000$ |
| Tournament expenses | $60,000$ |
| Particulars | ₹ |
| Opening creditors | 1,70,000 |
| Purchase returns | 20,000 |
| Cash paid to creditors | 4,50,00 |
| Closing creditors | 1,90,000 |
| Particulars | ₹ |
| Bills receivable at the beginning of the year | 1,40,000 |
| Bills receivable at the end of the year | 2,00,000 |
| Cash received for bills receivable | 3,90,000 |
| Bills receivable dishonoured | 30,000 |