Procedure:
Step 1 – Open GNUKhata Applications → Office → GNUKhata
Step 2 – Create Organisation Click on Create Organisation tab. Enter the details
Akhil and Athulya Associates – Profit making 1-4-2018 to 31-3-2019.
Step 3 – Create Admin & Login Use imaginary data.
Step 4 – Creation of new subgroup Here we need to create a new Sub Group Vehicles under the Group Fixed Assets.
Master → Create Account → Select Group Fixed Assets → Select New Sub Group in Sub Group Name → Enter the new Sub Group Name ‘Vehicles’ → Enter the Account Name Motor Vehicles in that Sub Groups Enter the Opening Balance Rs. 1,50, 000 → Save.
Step 5 – Create Ledger Account Master → Create Account Analysis Table (Trial Balance)
Create all the ledger accounts under appropriate Groups and Sub Groups
Step 6 – Voucher Entry Enter all adjustments in appropriate voucher type Voucher menu/Transaction Menu → Select Voucher → Type → Number → Date Debit account and amount → Credit account and amount → Save.
Analysis Table (Adjustments)
Step 7 – Enter the value of opening stock and closing stock
1. Master Menu → Edit Account → Select stock at the beginning a/c → Click Edit button
2. Enter 15000 as opening balances click on. Save button
3. Enter the values of opening stock and closing stock through appropriate voucher
Voucher Menu/Transaction menu → Journal Analysis Table (Stock)
Step 8 – Display Trial Balance
Report → Trial Balance
Step 9 – Display profit and loss Account
Report → Profit & Loss
Step 10 – Display Balance Sheet Report → Balance Sheet
Output: