Particulars | Amount (₹) |
|---|---|
| Inventory at the beginning | 40,000 |
| Credit Purchase | 1,60,000 |
| Inventory at the end | 38,000 |
| Trade payable at the beginning | 14,000 |
| Trade payable at the end | 14,500 |
A country's exports are valued at 800 crore, and its imports are valued at 950 crore in a given year. Due to a trade agreement, the country receives a 10% bonus on its export value from a partner nation. What is the effective trade balance of the country after accounting for the bonus?
Prepare cash account in Tally from the following transactions: 