Set 3

B.COM. (H) I Semester – PRACTICAL EXAM: 2014

Paper-1.2 Part C: Computerized Accounts
Duration: 1 hour Max. Marks: 20
University Roll No: ___________________________.
Name of the Student: ___________________________ Marks Obtained:
The company details are as follows; Signature
i. Name- ExamCXXXX
ii. Address: Your Address, Your Phone & Mobile No., Your Email ID
iii. Income Tax PAN: CCCCC2007K
iv. Email Id: [email protected]
v. Currency Symbol: Rs.
Enter the following transactions of the Company in Tally and show various reports
 All purchase and sales transactions of goods, Payment to creditors and expenses, receipt from
debtors are done through Oriental Bank of Commerce
 Any other payment and receipt is done through State Bank of India or cash
Balance Sheet as at 31-3-2014
Liabilities Amount Assets Amount
Capital 1100000 Land and Buildings 600000
Reserves 300000 Plant and Machinery 200000
Profit and Loss Account 300000 Furniture 300000
Secured loan 100000 Investment 100000
Debentures 1000000 Stock 1559800
Loan from Promoters 200000 Debtors 262000
Provision for tax 250000 Bills Receivables 55000
Bills Payable 120000 State Bank of India 265000
Sundry Creditors 224600 Oriental Bank of Commerce 320000
Salaries outstanding 35000 Cash in Hand 20000
Rent outstanding 60000 Prepaid insurance 7800
3689600 3689600
 The company deals in the following stocks:
Name of the Items Group Quantity Rate (Rs) Opening Stock Value
Cotton Shirts 100 pcs. 200 20000
Woollen Shirts 125 pcs. 1000 125000
Teri cot Shirts 108 pcs. 600 64800
Denim Trousers 400 pcs. 1500 600000
Woollen Trousers 100 pcs. 2000 200000
Cotton Trousers 500 pcs. 1100 550000
Total 1559800
 The list of company debtors and creditors is as follows:
Debtors Balance Due Creditors Balance payable
Pooja 45000 Shalu 25000
Prerna 89000 Sangeeta 30500
Pawan 52000 Sapna 67500
Pankaj 30000 Sandeep 42600
Prakash 46000 Siddharth 59000
Total 262000 Total 224600
 Set 3
Record the following transactions that took place during the April to September 2014.

S.No. Transaction Item Quantity Amount

1 Purchase from Shalu Cotton Shirts 20 7000
2 Sale to Prerna Woollen Shirts 125 240000
3 Sale to Pankaj Denim trousers 100 450000
4 Paid money to Shalu in full settlement for the 6800
transaction at sr. no. 1 above
5 Received from Pankaj Rs 445000 each in full
settlement for his current transaction at sr.
no. 3 above
6 Paid to Sapna in full settlement of her 66000
account
7 Purchase from Sangeeta Woollen Shirts 160 160000
8 Purchase from Sapna Cotton Shirts 200 200000
9 Sale to Pooja (Trade discount 10% on list Teri cot shirt 95 shirts. List Price
price) Rs. 2000/- each
10 Purchased furniture 25000
11 Paid insurance Premium 5600
12 Purchased Land and Building from XY Ltd for Rs. 10,00,000. to pay this the company
borrowed from bank a loan of Rs. 6,00,000 and issued fully paid debenture of Rs. 4,00,000
to XY Ltd.
13 Sold all the investment 2,50,000
14 Paid
1. Outstanding Salaries 20000
2. Electricity 10000
3. Telephone 5000
4. Current Salaries 50000
5. Rent (including outstanding) 80000
6. Tax of last year 180000
15 Closing Outstanding /Prepaid
1. Total Salaries 50000
2. Total Provision for Tax 150000
3. Total rent outstanding 40000
4. Prepaid Insurance Nil
1. Charge Depreciation for the period 1/4/2014 to 30/9/2014 on furniture @25% p.a. and
Machinery @ 9% p.a.
You are required to:-
1. Create a company as per details given above
2. Create appropriate groups and Ledger Accounts.
3. Enter the transactions as given selecting appropriate voucher type.
4. Display the following statements
a. Trial Balance as on 30/9/2014
b. Profit and Loss Account as on 30/9/2014
c. Balance Sheet as on 30/9/2014
d. Cash Book
e. Ratio Analysis