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    Tally Assignment

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    Anubhav Halwai
    The document provides details of balance sheets and transactions for three companies - DGP Co. Ltd., DURGAPUR STEEL Co. Ltd., and Chopra International. The balance sheets show assets, liabilities, and capital accounts for each company as of specific dates. Transactions are also listed with dates and details of expenses, purchases, sales, payments, and other financial activities for the companies. The document contains accounting information to practice creating balance sheets and recording transactions for different companies over time periods. It provides raw material for exercises in financial accounting.

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    Tally Assignment

    Uploaded by

    Anubhav Halwai
    6K views10 pages
    The document provides details of balance sheets and transactions for three companies - DGP Co. Ltd., DURGAPUR STEEL Co. Ltd., and Chopra International. The balance sheets show assets, liabilities, and capital accounts for each company as of specific dates. Transactions are also listed with dates and details of expenses, purchases, sales, payments, and other financial activities for the companies. The document contains accounting information to practice creating balance sheets and recording transactions for different companies over time periods. It provides raw material for exercises in financial accounting.

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    The document provides details of balance sheets and transactions for three companies - DGP Co. Ltd., DURGAPUR STEEL Co. Ltd., and Chopra International. The balance sheets show assets, liabilities, and capital accounts for each company as of specific dates. Transactions are also listed with dates and details of expenses, purchases, sales, payments, and other financial activities for the companies. The document contains accounting information to practice creating balance sheets and recording transactions for different companies over time periods. It provides raw material for exercises in financial accounting.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    6K views10 pages

    Tally Assignment

    Uploaded by

    Anubhav Halwai
    The document provides details of balance sheets and transactions for three companies - DGP Co. Ltd., DURGAPUR STEEL Co. Ltd., and Chopra International. The balance sheets show assets, liabilities, and capital accounts for each company as of specific dates. Transactions are also listed with dates and details of expenses, purchases, sales, payments, and other financial activities for the companies. The document contains accounting information to practice creating balance sheets and recording transactions for different companies over time periods. It provides raw material for exercises in financial accounting.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 10

    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

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