Tally Assignment

Lesson – 1 Create the following B/S and Transaction of DGP Co. Ltd. Balance Sheet as on 31-03-2010 Liabilities Capital A/C P/L

Assets 1,85,000.00 55,000.00

S. Creditors DGP Steel Gupta & Co. Bills Payables

Land & Building

45,000.00

Plant & Machinery 60,000.00 S. Debtors

15,000.00 10,000.00 5,000.00

KK Enterprises MS Co. Ltd.

20,000.00 15,000.00

Bills Receivables Cash in Hand ICICI Bank

=========== 2,70,000.00 ===========

7,000.00 75,000.00

48,000.00 ============= 2,70,000.00 =============

Transactions 1.4.2003

Salary paid Rs. 500

6.4.2003

Interest receipts Rs. 1500

10.4.2003

Purchase Goods Rs. 6800 form DGP Steel

15.5.2003

Electricity paid by cheque Rs. 300

25.5.2003

Sold Goods to KK Enterprises Rs. 15000

30.5.2003

Cash paid into ICICI Bank Rs. 4000

5.6.2003

Salary paid Rs. 2000

10.6.2003

Goods Sold by Cash 8000

DURGAPUR YOUTH COMPUTER TRAINING CENTRE Lesson – 2 Create the following B/S and Transaction of DURGAPUR STEEL Co. Ltd. Balance Sheet as on 31-03-2003 Liabilities Capital A/C P/L

Assets 1,75,000.00 40,000.00

S. Creditors

Land

40,000.00

Machinery

70,000.00

S. Debtors

Saha & Co. Excel Co. Ltd.

5,000.00 8,000.00

India Co. Ltd. MG & Co.

10,000.00 5,000.00

Outstanding Rent

7,000.00

Cash in hand

65,000.00

HDFC Bank

45,000.00 ============= 2,35,000.00 =============

============= 2,35,000.00 ============= Transactions 5.4.2002

Wages paid Rs. 800

10.4.2002 15.5.2002 20.5.2002 25.5.2002 30.5.2002 6.6.2002 8.7.2002 10.7.2002 15.7.2002 5.8.2002 10.8.2002 20.9.2002 30.3.2003

Salary paid Rs. 3500 Purchase Goods from Saha & Co. Rs. 7000 Commission Receipts Rs. 500 Sold goods to India Co. Ltd. Rs. 15000 Cash withdraw form IIDFC Bank 8000 Goods return to Saha & Co. 1500 Salary paid Rs. 1800 Goods return from India Co. Ltd. Rs. 800 Cash Deposited into bank Rs. 4000 Purchase goods from Excel Co. Ltd. Rs. 9000 Goods sold by Cash Rs. 12500 Goods return to Excel Co. Ltd. Rs. 1000 Deprec. Land Machinery

Rs. 1500 Rs. 1000

DURGAPUR YOUTH COMPUTER TRAINING CENTRE Lesson – 3 Create the following B/S and Transaction of Chopra International Balance Sheet as on 31-03-2003 Liabilities

Assets

Capital A/C Mr. A – 65000 Mr. B – 50000 Mr. C – 55000

Goodwill

65,000.00

Machinery

70,000.00

P/L

1,70,000.00 58,000.00

S. Creditors

S. Debtors

Roy & Co. Raj & Raj

15,000.00 12,245.00

Outstanding Rent

4,000.00

ABC Co. MGM & Co. Cash in hand SBI Bank UBI Bank Closing Stock

=========== 2,46,000.00 ===========

10,000.00 5,000.00 31,000.00 20,000.00 45,000.00 13,245.00 =========== 2,46,000.00 ===========

Stock item Item

Unit

Purchase Rate

Sales Rate

Op. Balance

Shirt Cloth Button Thread

Nos. Mts. Doz Rls.

100/60/3/2.50

120/-------------

100 50 40 50

Transactions 3.4.2003 Purchase Shirt 30 Nos. from Raj & Raj on Credit Rs. 3000 5.4.2003 Commission receipts Rs. 450 10.4.2003 Sold shirt 50 nos. to ABC Co on credit 6000 12.4.2003 Transfer money from UBI to SBI Rs. 4000 15.4.2003 Cash receipts ABC co. Rs. 3000 18.4.2003 Cheque (SBI) paid Raj & Raj Rs. 2000 20.4.2003 Cheque receipts from MGM & Co. 4800 20.4.2003 Discount allowed to MGM & Co. 200 25.4.2003 Purchase cloth 30 Mts. By cheque (UBI) 26.4.2003 Cash with draw from bank (UBI) Rs. 2000 30.4.2003 Sold shirt 60 Nos. by Cash

Lesson No. : 2 ……………………………………………………………………… Do the following Entries : For the Month of APRIL : 1.4.98 5.4.98 10.4.98 15.4.98 20.4.98 25.4.98 30.4.98

Wages paid in Cash Rs. 5000 Salary paid in cash Rs. 1000 Manufacturing Expenses Rs. 2000 Purchase in credit from Ram Rs. 7000 Sales on credit to Tom Rs. 3000 Machinery Repairs Rs. 3000 Carriage Inward Rs. 2000

For the Month of MAY : 1.5.98 5.5.98 10.5.98 15.5.98 20.5.98 25.5.98 30-05-98

Carriage Outward Rs. 3000 Salary paid in Cash Rs. 900 Interest paid Rs. 4000 in cheque Purchase Factory Rs. 10000 Purchase Furniture Rs. 9000 Purchase Machinery in Cash Rs. 8000 Cash paid to Bank Rs. 5000

For the Month of JUNE : 5.6.98 10.6.98 15.6.98 20.6.98 25.6.98 30.6.98 30-06-98

Salary paid in cash Rs. 800 Rent paid in cash Rs. 2600 Electricity paid in Cheque Rs. 700 Loan Received Rs. 20000 Rates paid in Cash Rs. 500 Commission Received Rs. 1000 Purchase Return to Ram 1100

For the Month of JULY : 5.7.98 10.7.98 15.7.98 20.7.98 25.7.98 30.7.98 30-07-98

Salary paid in cash Rs. 700 Cash purchase Rs. 5000 Cash sales Rs. 40000 Wages paid Rs. 4000 Sales Return Rs. 1200 Carriage Inward Rs. 1000 Depreciation on Machinery Rs. 1500

DURGAPUR YOUTH COMPUTER TRAINING CENTRE Financial Accounting 1. Create a Company by both Partners Financial Year Starting 01-04-2005 to 31-03-2006 Liabilities

Amount

Assets

Amount

Capital Profit & Loss A/c Loan

1,50,000 30,000 70,000

Goodwill Furniture

30,000 20,000

Creditors

Debtors

Digit Infocom [TR 1001 – 15/02/2003]

50,000

Das Bros. 15,000 [TD 1001 17/01/2003]

RK Infocom [TR 2001 – 05/02/2003]

30,000

Bose Bros. 30,000 [TD 2001 11/02/2003] Cash in hand Cash at SBI Closing stock

========== 3,30,000 ==========

60,000 40,000 1,35,000 ============ 3,30,000 ============

Closing Stock Details Shown Here TV Set Radio VCD

-

5 Pic 50 Pic 10 Pic

@ Rs. 1,50,000/@ Rs. 700/@ Rs. 2,500/-

ITEM DETAILS

Item

Unit

Purchase Rate

Sales Rate

TV Set Radio VCD

Pic Pic Pic

15,000/700/2,500/-

18,000/850/3,000/-

DURGAPUR YOUTH COMPUTER TRAINING CENTRE Financial Accounting VAT LESSON – 2 Do the following :  1.4.2003

Paid the Entertainment Expenses Rs. 230/-

3-4-2003

Credit Sales to the Das Bros, following with Bill No. : TD 1002 4 Pic TV Set (Extra Vat charges 4%) 5 Pic VCD (Extra Vat charges 4%) 5 Pic Radio (Extra Vat charges 4%)

5.4.2003 Interest Received Rs. 5000 7.4.2003 Purchase the following Goods with extra vat charges 8 Pic TV Set 10 Pic VCD 10 Pic Radio From Digit Infocom with Bill – TR 1002 15.4.2003Paid for Office Expenses 500/- & Advertisement 200/28.4.2003Sales to Mrs. Dey in Cash (Extra Vat charges each item) 2 Pic VCD, 2 Pic Radio and 2 Pic TV Set

05-05-2003 Credit Sales to Das Bros and Bose Bros respectively The following items 10 Pic Radio, 2 Pic Radio and 2 Pic TV Set With Bill Das Bros, TD 1003 & Bose Bros TD 2002 19-06-2003

Sales 5 Pic TV Set, 12 Pic Radio, 5 Pic VCD in cheque of SBI With extra Vat charges

28.6.2003Payment made to Digit Infocom against Dues Bill No. – TR 1001 in fullment and ret adjustment in Bill TR 1002 Rs. 1,50,000/17.7.2003Purchase 10 Pic VCD from RK infocom Bill : TR2002 with Extra Vat charges 25.9.2003Payment made by Das Bros his against dues Rs. 1,00,000/Full Payment of Bill : TD1001 & TD1003 & ret will adjusted TD 1002 17.2.2004Expenses for Travelling Rs. 50/- and Entertainment 20/30-03-2004 Payment made in cheque of SBI Rs. 50,000/- for Loan LESSON FOR TALLY LESSON - 1 Create a new company IN YOUR NAME with the financial period ranging from 1-4-97 to 31-3-98 and create the budget heads along with their opening balances Balance sheet as on 01.04.97 LIABILITY Capital P/l a/c Loan

ASSETS 2,00,000 53,000 40,000

Goodwill Factory Plant Furniture

50,000 20,000 20,000 20,000

S/Creditors :

S/Debtors :

Ram (Sc 1) 5.3.97 10,000 Sham (Sc 2) 10.3.97 9,000 Jadu (Sc 3) 15.3.97 8,000

Tom (Sd 1) 5.3.97 10,000 Dick (Sd 2) 10.3.97 9,000 Harry (Sd 3) 15.3.97 8,000

Outstanding Rent

Bank Cash

5,000 ======== 3,25000 ========

Workings : Cost Centre : Company Have 2 Cost Center

50,000 1,38,000 ============ 3,25000 ============

a) Name : Factory Type : Primary b) Name : Office Type : Primary Group Creation : Company have one Branch in Delhi and another at Calcutta. Company have four Staff viz. A,B,C & D. In these Branches and payment made in this way. I) Total Salary a/c Under : Expenses Indirect

II) Calcutta Branch Under : Total Salary

III) Delhi Branch Under : Total Salary Ledger Should be Created in this way 1. Mr. A a/c Group : Calcutta Branch 3. Mr. C a/c Group : Delhi Branch

2. Mr. B a/c Group : Calcutta Branch 4. Mr. D a/c Group : Delhi Branch

Do the following Entries : 1.4.97 5.4.97 10.4.97 15.4.97 20.4.97 25.4.97 30.4.97 1.5.97 10.5.97 15.5.97 20.5.97 30.5.97 1.6.97 10.7.97

Wages paid 2000 [Factory Staff 1000 & Office 1000] Salary paid to Mr. A 1000 Manufacturing Expenses 2000 [Factory] Purchase in Credit from Ram 7000 [Factory Bill No. : SC4] Sales in credit to Tom 11000 [Factory Bill No. : SD4] Machinery Repairs 3000 [Factory] Carriage Inward 2000 [Factory 1000 & Office 1000] Carriage Outward 3000 [Factory 2000 & Office 1000] Purchase a New Factory Rs. 10000 Purchase a New Furniture in Cheque 9000 Purchase a New Machinery 8000 Salary paid to Mr. A Rs. 800 Purchase in credit from Shyam 6000 [Factory 5000, Office 1000 Bill No. SC5] Salary paid to Mr. D Rs. 1000

Lesson No. : 3 (Bill by Bill) ……………………………………………………………………… Do the following Entries : 3.8.97 6.8.97 25.8.97 27.8.97 30.8.97 5.9.97 8.9.97 10.9.97 15.9.97 18.9.97 20.9.97 25-09-97

Electricity paid in Cheque [Factory – 500, Office – 200] Rs. 700 Sales in Credit to Dick 7000 [Factory – 6000, Office – 1000] Bill No. SD5 Credit Purchase from Jadu 6000 [Factory] Bill No. SC6 Salary Paid to Mr. C Rs. 3000 Tom paid to Ram Rs. 2000 Bill will be adjusted against the [SC1 Rs. 1000, SC4 Rs. 1000] and [SD1 Rs. 1000, SD4 Rs. 1000] Credit sale to Harry Rs. 6000 Bill No. SD6 Dick paid to Shyam Rs. 4000 [SD2 Rs. 2000, SD5 Rs. 2000] and [SC2 Rs. 2000, SC5 Rs. 2000] Harry paid to Jadu Rs. 3000 [SD3 Rs.1500, SD6 Rs. 1500] and [SC3 Rs. 1500, SC6 Rs. 1500] Purchase Return to Mr. Ram Rs. 1500 [SC1 Rs. 500, SC4 Rs. 1000] Salary paid toMr. D Rs. 900 Sales Return from Tom Rs. 1500 [SD1 Rs. 800, SD4 Rs. 700] Depreciation : --

………………… i) Furniture Rs. 2000 ii) Factory Rs. 3000 iii) Plant Rs. 4000

26.9.97 28.9.97 1.10.97 2.10.97 10.10.97 12-10-97 14-10-97 20.10.97 1.11.97

Paid to Mr. Ram Rs. 1000(against Bill No. SC1 Rs. 500 and SC4 Rs. 500) Cheque received from Mr. Dick Rs. 1000 on account Paid to Mr. Shyam Rs. 1000 (against Bill No. SC2 Rs. 500 and SC5 Rs. 500) Cheque dishonored by Bank Rs. 1000 (Which was received from Mr. Dick on 28-09-97 on account) Paid to Mr. Jadu on his account Rs. 1000 Cheque received from Mr. Dick Rs. 1500 (against Bill no. SD2) Paid to Mr. Shyam Rs. 1000 (against Bill No. SC2 Rs. 500 and SC5 Rs. 500) Rent paid Rs. 2000 [Factory 1500 & Office 500] Paid outstanding Rent Rs. 3000 (Previous year)

See the following Reports Trial Balance Bill Wise Reports Working Report