PREPARATION OF TRIAL BALANCE IN GNUkhata.
സാദാരണ TALLY ACCOUNTING SOFT WARE ൽ ഓപ്പണിങ് balances including revenue balances are possible but in this Gnukhata no revenue items balances are possible to enter at the time of creation of ledger accounts.Ledger ൽ Capital item balance ഉം Personal ledger ബാലൻസ് ഉം മാത്രം എഴുതാൻ കഴിയൂ .
PREPARE TRIAL BALANCES FOR THE FOLLOWING ITEMS DATED 31-3-2014
AND BALANCE SHEET ON THAT DATE
--------------------------------------------------------------------------------------------------------------------------------
Capital 2,50,000 Loose Tools 1,50,000
creditors 1,00,000 bank Loan 1,00,000
Land and Building 10,00,000 Plant and Machinery 10,00,000
Motor Vehicle 50,000 Debtors 50,000
Outstanding Salary 6,000 Prepaid Insurance 3,000
Cash in hand 15,000 Cash at Bank 15,000
Bills Payable 10,000 Bills Receivable 10,000
----------------------------------------------------------------------------------------------------------------------------------
Aim:-
To prepare a Trail balance and a Balance Sheet as on date.
Procedure:-
1. Start GnuKhata :-
Application--------> Office--------> Gnukhata
2. Click on ----> Company setp wizard
3. Create new company: Name of the company,Financial year, --->Proceed
End name of user,city and state,country etc others are optional------>proceed
Enter User Name.....Password and confirm the password.(login& Create)
4. Create Ledger account Under appropriate Groups Given
Master------> Ledger
5. Report---->Trial Balance
6. Report----->Balance sheet
-----Schedule showing the group and new sub group with opening balances (OB)
------------------------------------------------------------------------------------------------------------------------------
Ledger
|
Group
|
O B
|
Ledger
|
Group
|
Ob
|
capital
|
capital
|
2,50,000
|
Loose Tools
|
fixed asset/new sub group Loose tools
|
1,50,000
|
| creditors
|
current liabilities
|
1,00,000
|
Plant and Machinery
|
fixed asset/new sub group Plant and Machinery
|
10,00,000
|
| Land and Building
|
fixed asset/new subgroup
|
10,00,000
|
Prepaid Insurance |
current asset
|
3,000
|
| Motor Vehicle
|
fixed asset/ new subgroup
|
50,000
|
Debtors
|
current asset
|
50,000
|
| Outstanding Salary
|
current liabilities/new sub group creditors for expenses
|
6,000
|
bank Loan
|
current liabilities
|
1,00,000
|
| Cash in hand
|
current asset/new subgroup cash
|
15,000
|
Cash at Bank
|
current asset/new sub group bank
|
15,000
|
| Bills Payable
|
current liabilities
|
10,000
|
Bills Receivable
|
current asset
|
10,000
|