All Semesters Pages 47 65
All Semesters Pages 47 65
All Semesters Pages 47 65
12-1-975/A
Address
Sultan Bazar,KingKothi, Hyderabad
Country India
State Telangana
E-mail ID [email protected]
Country India
Tally Vault No
Security Control No
Q.3 Create a Company with imaginary details by selecting country As United States and
giving Tally Password and activating Security Control by set Yes.
Q4. Create the following Ledgers under relevant groups in Tally giving their Opening
Balances and display the following for Suresh & Co.:
Company /
Unit of
Stock Item Brand Quantity Price
Measurement
(Stock Group)
Rice Daawat Kg. 500 100
Oil Gold Drop Ltr 1000 105
Mustard Oil Fortune Ltr 250 120
Biscuits Sunfeast No. 500 10
Chilli Powder Everest Pkt 100 50
Black Pepper Everest Pkt 100 40
Date Transaction
Details
10-5-09 Bank Advice received for bank interest of Rs.500 credited to the deposit
account.
11-5-09 Electricity bill (Office costs) for Rs.400 received from Horizon Enterprises.
13-5-09 Sold 1 HP LaserJet 1010 Series for Rs 9,500 to a cash customer, retaining
the money as Petty Cash.
22-6-09 Purchased 4 IBM Pentium IVs for Rs. 17,100 each from a new supplier and
paid by cheque
22-6-09 Sold 2 IBM Pentium IVs for Rs. 24,785 to a customer who paid by cheque
Q 15.Create a Company and Enter the Followings and Find as per maintain Bill-wise Details
a) Goods sold to Ravi Rs. 15000/- (1-Apr-2014)
b) Cash received from Ravi Rs. 10000/- (1-Apr-2014)
c) Goods sold to Ravi Rs. 10000/- (1-May-2014)
d) Cash received from Ravi Rs. 20000/- (1-May-2014)
e) Goods sold to Ravi Rs. 25000/ (1-Jun-2014)
f) Interest charged to Ravi Rs. 500/- (1-Jun-2014)
Q.16. Show the balance sheet of Royal Star Company, with the following accounts, under
relevant groups with imaginary figures:
i) Fixed assets: a) Land b) Building c) Machinery d) Furniture e) Goodwill
ii) Current assets: a) Trade Debtors b) Stock c) Bills Receivable d) Bank e) Cash
iii) Loan accounts: a) Loan from Andhra Bank b) Loan from Ramu
iv) Capital account
Q.17 Enter the following transactions by creating relevant accounts and groups.
i) Purchased goods from Ram Rs.10000
ii) Purchased goods from Roshan Rs.5000
iii)Purchased goods from Mohan Rs.20000
iv)Sold goods to Leela Rs.25000
v) Sold goods to Praveena Rs.30000
vi)Sold goods to Praveen Rs.20000.
Q.18 From the information given below prepare P & L account & B/S.
Q.21 From the following ledger balances of Ayaan Ltd., prepare Trading and P & L a/c for
the year ending 31-3-2018 and a balance sheet as at that date.
Particulars Rs Rs
Furniture 18,000
Q.23 . Prepare a cash flow statement for the following cash transactions.
Transactions:
Purchased goods from Sita (cash) 4500
Sold goods for cash 11500
Sold goods to Geeta 17000
Paid salaries 3000
Selling expenses 1500
Distribution expenses 500
Q.25 Pass Following Transactions and Display Financial Statements
1. Ashok starts business with Rs. 100000/-
2. Purchase machinery for Rs. 50000/ and furniture for Rs. 10000
3. Paid amount for rent Rs. 1000/
4. Deposits Rs,. 10000/- in Bank
5. Purchase of goods for Rs. 20000/ from Mr. Ram on credit.
6. Sold goods to Mr. Rakesh for Rs. 10000/
7. Rs. 5000/ withdraws from bank for personal use.
8. Withdraws Rs. 1000/ for office use.
9. Received cash from Mr. Rakesh.
10. Paid to Mr. Ram.
Q.26 Pass Following Transactions and Display Profit and Loss Account.
1. Mr. Ram starts business with Rs. 200000/- and deposited into bank Rs. 40,000.
2. Paid for office building Rs. 50000/ and furniture for Rs. 10000/-
3. Purchase raw material of Rs. 10000 on credit from Mr. Avinash.
4. Paid Wages Rs. 2000
5. Paid salary Rs. 10000
6. Return money to Mr. Avinash in settlement of Rs. 9500.
7. Sold goods to Mr. ShekarRs. 15000/-
8. Received interest on bank amount Rs. 500.
9. Received from Mr. Shekar after discount of Rs. 500.
10. Sold old news paper Rs. 450/-
11. Sold old furniture Rs. 4000/-
Q.27Record the following transactions in the books of “M/s Albert & Brothers” and display
Trial Balance, Profit and Loss Account and Balance Sheet.
Q.28 Record the following transactions in and display Profit and Loss Account and Balance
Sheet.
On 1st July, goods sold to Philips Store were returned. Details are
Bill no. Godown Quantity Stock item
Om p005 Dharavi 5 BASIC
On 31st December, goods sold to Reliance company were returned. Details are
Bill no. Godown Quantity Stock item
Om p007 Sion 2 BALBARATHI
On 31st January, 2011 goods sold to IPL store were returned. Details are
Bill no. Godown Quantity Stock item
Om p006 Dharavi 2 ARITHMATIC
Contra Entries
1. On 1st September, Withdraw Rs. 50000 from Abhyudaya bank for business purpose.
2. On 30th November, With drawn Rs. 25000 from Cash in bank for business purpose.
3. On 28th February, Deposit Rs. 25000 in Abhyudaya bank.
Charging Depreciation
On 31 – 3 – 2011 Charge depreciation @ 10% on furniture, 20% on computer, 12.5% on
Machinery, 7.5% on Building
Q. 29. Create 3 stock items named milk, roti and mobile. Opening balances of these 3 stock
items would be milk – 10 liters, roti – 20 pieces and mobile – 5 numbers.
Q. 30. Create 5 sundry debtor outside your state and 5 sundry debtor inside your state.
Similarly, create 5 sundry creditor outside your state and 5 sundry creditor inside your state.
Q. 32 Company A was incorporated on January 1, 2010 with an initial capital of 5,000 shares
of common stock having Rs.20 par value. During the first month of its operations, the
company engaged in following transactions:
Date Transaction
Jan 2 An amount of Rs.36,000 was paid as advance rent for three months.
Jan 3 Paid Rs.60,000 cash on the purchase of equipment costing Rs.80,000. The
remaining amount was recognized as a one year note payable with interest rate
of 9%.
Jan 4 Purchased office supplies costing Rs.17,600 on account.
Jan 13 Provided services to its customers and received Rs.28,500 in cash.
Jan 13 Paid the accounts payable on the office supplies purchased on January 4.
Jan 14 Paid wages to its employees for first two weeks of January, aggregating
Rs.19,100.
Jan 18 Provided Rs.54,100 worth of services to its customers. They paid Rs.32,900 and
promised to pay the remaining amount.
Jan 23 Received Rs.15,300 from customers for the services provided on January 18.
Jan 25 Received Rs.4,000 as an advance payment from customers.
Jan 26 Purchased office supplies costing Rs.5,200 on account.
Jan 28 Paid wages to its employees for the third and fourth week of January: Rs.19,100.
Jan 31 Paid Rs.5,000 as dividends.
Jan 31 Received electricity bill of Rs.2,470.
Jan 31 Received telephone bill of Rs.1,494.
33. Mr. Nirmal has the following transactions in the month of April.
Q. 35 Write journal entries in the books of Chikky&Bros and post them into relevant ledger
accounts.
37. Prepare cash book with bank column for the following bank transcations in
Andhra Bank and ascertain bank balances.
Furniture 10,000
Machinery 50,000.
Building 1,00,000.
Capital 1,50,000.
Cash 5,000.
Capital 4,00,000
Furniture 1,00,000
Cash 30,000.
Building 2.00,000.
Machinery 70,000.
Transactios:
Sales 40,000.
40. Enter the following transactions by creating relevant accounts and groups.
Transactions:
e). Deposited a cheque for Rs. 5,900 and cash Rs. 500.
47. Show the trial balance for the information given below.
Furniture 10,000 -
Machinery 50,000 -
Building 1,00,000 -
Capital -- 1,50,000
Cash 5,000 --
48. Enter the following transactions and create a Balance Sheet.
Capital -- 1,00,000
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