Tally Journal Entries

Tally Assignment by Gurukul The Foundation

Tally Journal Entries Q.1. Journalize the following transactions: 2008 Apr

1 2 3 4 5 13 14 20 24 28 30

Ramesh started business with cash Paid into bank Bought goods for cash Drew cash from bank for office use Sold to Krishna goods on credit Bought of shyam goods on credit Received from Krishna Paid Shyam cash 480 and discount 20 Cash sales for the month Paid rent Paid salary

10000 7000 5000 2000 1000 500 950 2500 3500 2000

Q.2. Journalize the following transactions: 2008 Apr

1 3 4 9 10 15 18 23 23 25

Started business with cash Paid into bank Sold goods to Mohan Goods returned by Mohan Goods purchased from Shyam Goods returned to Shyam Purchased goods from Ram on which he Allows 10% Trade discount Received a V.P.P. for Sent a peon to collect it who paid as cartage Paid interest on loan

10000 4000 2200 200 3150 150 10000 1000 25 500

Q.3. Journalize the following transactions: 2008 Jan

1 2 6 11 16 20 24 25

Received cash from Ram Purchased goods for cash Sold goods to Hari Paid to Ramavtar Receives from Hari Bought furniture from Rajesh Paid rent Paid salary

5000 500 200 400 100 200 800 1000

Q.4. Journalize the following transactions: 2008 Jan

1 2 5 7 10 15 20 22

Sohan started business with cash 50000 and goods worth 25000 Purchased goods for cash 8000 Purchased goods from Mohan on credit 6000 Paid into bank 5000 Purchased furniture 2000 Sold goods for cash 7000 Sold goods to Ram on credit 5000 Cash sales 3500

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Tally Assignment by Gurukul The Foundation

26 27 28 30

Paid to Mohan on account Paid wages Paid salary Paid rent

3000 300 3600 8000

Q.5. Journalize the following transactions: 2008 Jan

1 2 3 7 10 15 20 25 30 31

Ram commenced business with cash Paid into bank Purchased goods Drew cash from bank for office use Sold goods to Hari on credit Purchased goods from Shyam Cash sales Paid to Shyam 1475 and discount received 25 Paid Rent Paid salary

30000 21000 1500 3000 1000 1500 3000 5000 1500

Q.6. Journalize the following transactions: 2008 Apr

1 2 3 4 13 20 24 28 29 30 31

Ramesh started business with cash Paid into bank Bought goods for cash Drew cash from bank for office use Sold to Krishna goods Bought of Shyam goods on credit Received from Krishna Discount allowed Paid Shyam cash Discount received Cash sales for the month Paid rent Paid salary

Q.7. Journalize the following transactions: 2008 Feb

1 2 4 5 8 10 14 21 22 25 27 28

Suresh started business with cash And goods worthBought goods from Shyam Lal Purchased furniture from Sunil Stores for cash Sold goods for cash Purchased goods for cash Paid cartage Sold goods on credit to Mohan Withdrew money from business for private use Mohan returned goods Cash sales Paid Sundry expenses Paid office salary

Q.8. Journalize the following transactions: 2008 Tally Assignment by Gurukul The Foundation

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20000 7000 500 1000 1500 2500 1450 50 2450 50 8000 5000 1800

Tally Assignment by Gurukul The Foundation

Jan

1 2 3 4 4 4 6 8 9 15 25 29 30 31 31

Rahul started business with cash Paid into bank Bought goods from Mr. Singh and co. Purchased furniture Purchased adding machine Purchased typewriter (Payment in all cases made by cheque) Paid for postage Sold goods for cahs Sold goods on credit to Sharda and co. Paid to M/S S.Singh and co. and Discount allowed by them Received from Sharda and co. in full Settlement of amount due from them Paid for electric charges Paid salary Paid rent by cheque Drew cash for private use

25000 6000 2000 2000 8000 6000 35 400 1000 1950 50 975 150 1500 2000 2500

Q.9. Journalize the following transactions and make the ledgers & trial balance: 2008 Jan

1 1 2 3 4 5 6 11 12 14 16 20 23 24 26 28 29 31

Started business with cash Paid into bank Bought stationery for cash Bought goods for cash Bought postage stamps Sold goods for cash Bought office furniture from Bannerjee Bros. Sold goods to Mahendra Received cheque from Mahendra Paid Bannerjee Bros. By cheque Sold to Ramesh and co. Bought goods from S.seth and Bros. Bought goods for cash from S.Narain and co. Sold goods to P.Prakash Ramesh and co. paid on account Paid S.Seth and Bros. By cheque in full settlement Paid salaries Rent to due to S.Sharma but not yet paid 200

80000 5000 50 2100 30 750 500 2000 2000 500 500 700 225 350 250 685 2400

Q.10. Journalize the following transactions and make the ledgers & trial balance: 2008 Apr

1 2 3 4 7 8 9 10 11

Commenced business with cash Paid into bank Bought goods from Ramesh & co, Sold goods to Rajesh Bought goods from Ram Chand Paid wages in cash Sold goods to Mahesh Chand Received cheque from Rajesh (Discount allowed Rs120) Paid into bank

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25000 23500 5400 4800 6450 80 5350 4680 4680

Tally Assignment by Gurukul The Foundation

12 13 14 15 16 17 18 21 22 23 23 23 24 27 28 29 30 31 Q.11. 2008 Jan

1 2 3 4 5 6 7

14 15 16 17 22 25 27 30

2008 Jan

5130 400 7400 80 70 3200 1600 2500 3200 80 50 6130 5200 200 100 140 4300 1000

Journalize the following transactions and make the ledgers & trial balance:

8 9 10 11 12 13

Q.12.

Paid to Ramesh & co. (Discount received Rs270) Paid rent for three months up to march Bought from C.Khare Paid wages in cash Paid office expenses in cash Sold to Jagdish Sold goods to Rajesh Sold goods to Mahesh Chand Payment received by cheque from Jagdish Paid wages Paid office expenses in cash Paid Ram Chand by cheque (Discount Rs320) Received cheque from Mahesh Chand (Discount Rs.150) Mahesh Chand Returned goods (Not up to sample) Paid wages in cash Paid office expenses Paid salaries for the month Cash used at home

Suresh paid into bank as capital He bought goods for cheque Sold to Mukand & co. Sold goods for cash Paid sundry expenses in cash Cash sent to bank Received cheque from Mukand & co. and Discount allowed Paid wages Paid for office furniture and fitting by cheque Bought goods from Ramesh and Bros Sold to mahendra Returned goods to ramesh and bros Sent cheque to Ramesh and bros in Full settlement Sold goods for cash Paid into bank Drew cash from office for personal use Bank charged interest Paid cash for stationery Bought goods from Mohan & co ltd. Received from Mahendra on account banked (Cash sent to bank)

6000 2400 670 1090 300 1500 650 20 100 500 1060 1870 150 900 490 500 2000 50 60 1000 600 2000

Journalize the following transactions and make the ledgers & trial balance:

1 2

Started business with cash Deposited into bank

Tally Assignment by Gurukul The Foundation

10000 9000

4

Tally Assignment by Gurukul The Foundation

9 15 20 23 25 28 29 31

Purchased machinery for Rs.5000 from Jawahar and Gave him a cheque for the amount Paid installation charges of machinery 100 Purchased timber from Naveen at the list price of Rs.20000. he allowed trade discount 10% Sold furniture to Naresh at the list price of Rs.1000 Allowed him 5% trade discount Furniture costing Rs.500 was used in furnishing the office Received a cheque from Naresh for Rs.930 in full Settlement and sent the cheque to bank Sent to Naveen in full settlement a cheque for Rs.1750 Paid wages rs.350 and rent Rs.200

Q.13.

Journalize the following transactions and make the ledgers & trial balance:

2008 Jan

1 2 3 4 10 16 23 24 25 26 27 28

Ramesh had with from last year Rs.5000 worth of goods and cash Wages due to Laboures Insurance Premium due but not yet paid Paid for charity Received a V.P.P. for Rs.680 sent a peon to take Delivery of it and he paid Rs.5 for cartage Paid Balkishan on account through bank Received interest on loan from the debtor Roop Narain returned goods Goods returned to Sohan Lal Sethi Received rent from sub-tenant Kamal narain who owed Rs.850 become insolvent, Received from the official receiver a first and final Composition of 50 p in rupees Purchased a motor cycle for his son

10000 180 200 25 700 45 75 125 100 425 4000

Q.14. Guru Prashad commenced business on 1st April 2008 with cash Rs.15000 and goods Rs.3000. His other transaction during the month were as follows journalize these transactions: 2008 Apr

2 3 4 5 6 7 8 8 9 10 11 12 14 15 19 20 21

purchased a truck for business use Purchased goods from Ramesh & co. Sold goods to Tara Chand Purchased stationery Sold goods to Harish & co. Sold goods to AB & co. Paid to Rajesh and co. Discount allowed by them Purchased goods from Vinay Sagar Paid cartage on above Returned goods to Vinay Sagar Cash sales Received from Harish and co in settlement Received from cash from AB and co. And received goods from them Purchased goods from Anand and co. Sold goods to general traders Paid for diesel fir truck

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10000 4500 2300 60 1150 800 5250 50 2950 10 500 8000 1130 700 100 2980 2780 100

Tally Assignment by Gurukul The Foundation

25 27 29 30

Paid accountant’s salary Paid drivers salary Paid rent Withdrew cash for private expenses

15000 2500 3000 1000

Cash Book Single Column Cash Book Q.1. 2008 Jan.

Enter the following transactions in a Simple Cash Book: 1 5 7 8 10 27 31

Cash in Hand Received from Ram Paid rent Sold goods Paid Shyam Purchased furniture Paid salaries

1200 300 30 300 700 200 100 (Cash Balance 770)

Q.2. 2007 Oct.

Enter the following in Shri Shambunath’s Cash Book and show the balance: 1 8 15 20 20 28 31

Balance of cash in hand Rs.15000 Purchases goods for cash from X Rs.3200 Sold goods for Rs.4800 to Y Received commission Rs.650 Paid commission Rs.550 Paid to Shantaram on account Rs.7150 Paid salary to the office clerk Rs.1000 and office rent Rs.600

(Cash Balance 3150) Q.3. Write-up a trader’s Single Column Cash Book for the month of April 2008, from the following particulars: April

1 2 3 4 4 9

Cash in Hand 2500 Cash sales 26000 Paid cheque to Creditors Rs.4990 after Deducting cash Discount 310 Wages paid in cash 2250 Cash sales of Rs.1800 of which Rs.1500 was banked on April 7 Paid cash to transport Corporation of India Rs.450 against their

Tally Assignment by Gurukul The Foundation

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Tally Assignment by Gurukul The Foundation

10 15 17 19 20 21 24 25 26 29 30

Q.4. 2008 April

Bill No.265 Cash Sales rs.15000 of which Rs.12000 was banked on April 16 Paid wages in cash 2850 Paid cleaner in cash 360 Cash sales 11400 Paid cash for Window cleaning 180 Purchased goods o credit from U & Co. 1500 Paid wages in cash 2400 Paid cash for rates 3600 Cash sales 19200 Paid Electricity Bill in cash 900 Cash collected from Mahesh (Debtor) Rs.4500 after allowing discount of Rs.250 (Cash Balance 56610)

Enter the following transactions in a Single column Cash Book: 1 2 4 5 7 8 11 12 14 15 18 19 20 22 24 27 29 30

Cash in Hand Cash sales Received from Pravin on account Purchased goods Loan given to Mohan Sold goods to Sohan in cash Purchased furniture Purchased Postal Stamps Sold goods to Ram on credit Salary paid to accountant Purchased goods Paid freight Withdrew for personal use Received commission Paid to Shyam Received from Mohan Paid to Girish Rent paid

5000 10000 3000 6000 2000 8000 4000 500 4500 500 2500 200 1000 2000 2500 2000 1000 800 (Cash Balance 9000) Two-Column Cash Book (Cash Book with Cash and Bank Column) Q.5. Record the following transactions in a Double Column Cash Book with Cash and Bank Column and balace the book on January 31, 2008: 2008 Jan

1 1 1 2 3 4 5 8 14 16 19

Cash balance 100 Bank Balance 1450 Cash received from sale of shares 6000 Paid into Bank 5000 Purchased goods from M/S. Agarwalla for Rs.1200 and paid by cheque Paid wages 250 Received from Mohan a cheque for rs.980 in full settlement of a claim of rs.1000 Mohan’s cheque deposited into Bank Paid for stationery 150 Bought goods 600 Paid Shyam by cheque 370 Discount received from him 30

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Tally Assignment by Gurukul The Foundation

20 23 24 27 28 29 30

Drew from Bank Cash drawn from Bank for personal use Cash sales Received from Sharma Allowed him Discount Deposited cash into Bank Gave cheque for cash purchases Paid rent by cheque

300 200 170 1800 200 1500 200 200 (Cash 870, Bank 6460)

Q.6. Enter the following transactions of M/s. Premier Trading Company in cash Book with Two Columns (Cash and Bank Columns). Balance the Cash Book as on 31st December 2007: 2007 Dec.

1 1 3 7 11 12 15 20 26 28

Cash in Hand 4000 Bank overdraft 1000 Received a cheque from Ram Lal on account Rs.290 and allowed him discount Rs.40 Ram Lal’s cheque deposited into Bank Withdrew from the Bank for office use 800 Paid B/P by cheque 600 Cheque received from Chandulal of Rs.2400 and allowed him discount Rs.100 Issued a cheque for petty cash 100 Paid to Gupta by cheque Rs.920 and discount received Rs.30 Made cash sales 900 (Cash Balance 5700, Bank Balance –730)

Q.7. 2008 Jan

Enter the following transactions in a Double-Column Cash Book. 1 2 3 7 10 13 15 20 25 27 30 31 31 31 31 31 31 31

Chandrika commences business with cash 20000 He paid into bank current a/c 19000 He receives cheque from Kirti & Co. on account 600 He pays into Bank Kirti & Co.’s cheque 600 He pays Ratan & Co. by cheque and 330 allowed discount Rs.20 Tripathi & co. pays into his Bank A/c 475 He receives cheque from Warsi and allows 450 him discount 35 He receives cash Rs.75 and cheque Rs.100 for cash sales He pays into Bank, including cheques received on 15th and 20th Jan 1000 He pays cheque for cash purchases 275 He pays sundry expenses in cash 50 He pays John & co. in cash and 375 allowed discount Rs.35 He pays office rent by cheque 200 He draws a cheque for personal use 250 He pays staff salaries by cheque 300 He draw a cheque for office use 400 He pays cash for stationery 25 He purchases goods for cash 125

Tally Assignment by Gurukul The Foundation

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Tally Assignment by Gurukul The Foundation

31 32 32 31

He pays Jagpal by cheque for commission He gives cheque to Ram Saran for cash purchase of furniture for Office He receives cheque for commission from Raghubir & Co. He receives cheque from kesri & Co.

300 1575 500 450

(Cash Balance 900, Bank Balance 17945) Q.8. 2008 Jan

Compile a three column Cash Book from the following transactions: 1 1 2 5 7 8 14 15 15 17 18 19 22 25 31

Cash in hand Cash at Bank Deposited in Bank Received from A and allowed discount Rs.10 700 Purchased Furniture for cash Paid to B by cheque and received discount Rs.5 Received from C by cheque and deposited into bank Cash sales Deposited into Bank Purchased a motor car and paid by cheque Paid by cheque to D and received discount Rs3 367 Withdrew from Bank for office use Purchased goods for cash Paid establishment expenses through bank Paid rent in cash

567 12675 500 250 745 500 785 1000 5240 250 350 450 50

(Cash Balance 242, Bank Balance 7623) Q.9 2008 June

Compile a Bank Column Cash Book from the following transactions: 1 1 5 6 7 9 19 21 29 30 30 30

Cash Balance Bank balance Cash received from sale of shares Paid into Bank Paid S.Bose by cheque Paid wages in cash Received from A. Mukherji by cheque and sent to bank Drawn from Bank Paid office salaries in cash Sold goods for cash and banked the same Paid rent by cheque Paid into Bank

500 1750 5500 5000 1250 300 600 500 400 800 100 750

(Cash balance 50, Bank Balance 7050) Q.10. 1)

Enter the following transactions in a Double Column Cash Book:

Commened business with cash Rs.50000 2) Deposited in Bank Rs.4000

Tally Assignment by Gurukul The Foundation

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Tally Assignment by Gurukul The Foundation

3) Received cash from Mohan Rs.950 in full settlement of a debt of Rs.1000 4) Boufht goods for cash Rs.10000 5) Bought goods by cheque Rs.15000 6) Sold goods for cheque for Rs.20000 and deposited in Bank on the same day 7) Paid to Arun by cheque Rs.1900 in full settlement of his account of Rs.2000 8) Drew from bank for office use Rs.1000 (Cash 1950, Bank 42100) Q.11. 1)

prepare a Cash Book:

Started business with cash 2) Opened current account with the PNB 3) Bought goods b cheque 4) Received cheque from Rama 5) Sold goods for cash 6) Paid into Bank Cash Rs.30 Cheque Rs.200 7) Paid Shyam by cheque 8) Paid carriage by cheque 9) Drew from bank cash for office 10) Paid wages by cheque

20000 8000 150 2000 40

345 180 200 60

(Cash 12210, Bank 7295)

Purchase Book Q.1 2008 Feb

The Rough Book of M/s Narain and Co. contains the following:

Feb

2

Feb

3

Feb

4

1

Purchased from M/s. Brown & Co. on credit: 5 gross pencils @ Rs. 100 per gross 1 gross registers @ Rs. 200 per dozen Less: Trade Discount @ 10% Purchased for cash from the stationery Mart: 10 gross exercise books @ Rs.60 per sozen Purchased computer printer for office use from M/s office Goods Co. on credit for Rs.4,000 Purchased on credit from The Paper Co.: 5 reams of white paper @ Rs.100 per ream 10 reams of ruled paper @ Rs.65 per ream Less: Trade Discount @ 10%

Tally Assignment by Gurukul The Foundation

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Tally Assignment by Gurukul The Foundation

Feb

5

Purchased one dozen ink-pots @ Rs.10 each from M/s Verma Bros. on credit. Make out the Purchases Book of M/s. Narain & Co. (answer 3765) Q.2. Enter the following transactions in Purchases Book of M/s. R.K. Brothers and pass the Journal entry: 2008 April 1 Purchased goods from Joshi Brothers on credit 10 Philips tubelights @ Rs.40 each, paid VAT @ 10% 50 Crompton bulbs @ Rs.10 each, paid VAT @ 10% April

10

Purchased goods from Rajesh Electric Store 25 heaters @ Rs.160 each, paid VAT @ 10% 15 Sunny fans @ Rs.600 each, 10% trade discount, paid VAT @ 10%

April

16

Purchased goods from Sardar Electric Store 5 dozen Philips bulbs @ Rs.10 each, paid VAT @ 10% 20 power plugs @ Rs.25 each, paid VAT @ 10% The trade discount is 10% and freight charges are Rs.75 (Answer 15024)

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