PRACTICE QUESTIONS OF TALLY

INVENTORY PRACTICE QUESTIONS

Create a company with name “Sumesh Journal Store”
Insert the following stock items.
Stock Company/Bra Measureme Quantit Pric
items nd nt Unit y e
Rice Lal Mahal Kilo gram 650 75
Toothpast CloseUp Piece 250 65
e
Oil Mustard Litre 170 450
Red chili MDH Packet 200 40
Black MDH Packet 160 50
paper
Sugar Mawana Packet 250 12

MULTIPLE GODOWNS
Create a company with name "Mukesh & Sons Pvt.

Ltd." and insert the following stock items details.

Delhi Godown
Stock item Brand/Company Quantity Price
Television Samsung 400 4000
Iron LG 250 6500
Wire Twisted pair 2000 3500

Punjab Godown
Stock item Brand/Company Quantity Price
Washing machine Godrej 100 17000
FM Radio Phillips 200 2000
DVD Player Phillips 350 2500

Haryana Godown
Stock item Brand/Company Quantity Price
Head Phone Samsung 150 12000
Refrigerator Godrej 120 18000
DVDs WriteX 400 45
Pen drive HP 250 450

INVENTORY VOUCHER
Create a company with name "Wirex Pvt. Ltd." and
insert the following stock items details.
Delhi Godown
Stock item Brand/Company Quantity Price
Ball Pen Cello 2000 10
NoteBook Rites 2500 40
Eraser Nondust 2000 5
TypeWriter Estar 1500 2500

UP Godown
Stock Item Brand/Company Quantity Price
Washing machine Godrej 450 17000
FM Radio Phillips 1500 2000
DVD Player Phillips 700 2500

Mumbai Godown

Stock item Brand/Company Quantity Price

Head Phone Samsung 1500 750
Refrigerator Godrej 1200 18000
Pen drive HP 2500 450

VOUCHER ENTRY
1. Transfer goods (100 Washing machines) from UP to
Mumbai Godown.

2. Transfer goods 'Typewriter'(250 from Delhi to UP) and

(300 from Delhi to Mumbai)

3. Transfer goods 'Pen drive' (500 from Mumbai to Delhi)

and (750 from Mumbai to UP)

4. Transfer goods (700 FM radio) UP to Mumbai and (500

Refrigerator) Mumbai to UP.

5. Transfer goods (500 Headphone) Mumbai to Delhi and

(250 DVD Player) UP to Delhi.

ALLY PRACTICAL QUESTIONS

 ACCOUNTING VOUCHER ENTRIES

PRACTICE QUESTION - I
Journal, Payment, Receipt
Company Name: Naresh & Sons Pvt. Ltd.

Voucher Entries
1. Naresh started with cash Rs 18,00,000

2. Purchase furniture for office use, by cash Rs. 30,000

3. Received commission Rs. 20,000

4. Paid stationary expenses Rs. 7,50

5. Paid advance salary Rs. 12,000

6. Paid wages & salary Rs. 7,000

7. Withdraw cash Rs. 15,000 from office to personal use.

8. Paid advertisement expense Rs. 20,000

9. Paid Newspaper expenses Rs. 1,200

10. Received rent Rs. 15,000

11. Deposited cash Rs. 5,00,000 in bank a/c

12. Paid office rent Rs. 22,000

PRACTICE QUESTION - II
Journal, Payment, Receipt, Contra
Company name: Amit Courier Pvt. Ltd.
Create/Alter Ledgers
Cash in hand or opening balance Rs. 14,00,000
Cash at bank Rs. 22,00,000
Machinery A/c (Rs. 1,50,000)
Furniture A/c (Rs. 45,000)
Voucher Entries
1. Paid office rent Rs. 45,000 by cheque.
2. Depreciation 5% on machinery.
3. Withdraw cash Rs. 5,00,000 from bank to office use.
4. Paid miscellaneous expense Rs. 2,000
5. Receive cheque Rs. 40,000 from Mahesh.
6. Depreciation 4% on furniture.
7. Withdraw cash Rs. 25,000 from bank to personal use.
8. Receive commission Rs. 6,000
9. Receive cheque Rs. 50,000 from Mr. Suresh

10. Receive bad debts Rs. 35,000

PRACTICE QUESTION - III
Journal, Payment, Receipt, Contra
Company Name: Umesh & Sons Pvt. Ltd.

Create/Alter Ledgers
Cash in hand (Amount Rs. 7,00,000)
Cash at bank (Amount Rs. 15,00,000)
Bad Debts A/c (Amount Rs. 2,50,000)
Machinery A/c (Amount Rs. 75,000)
Furniture A/c (Amount Rs. 40,000)

Voucher Entries
1. Purchase sofa set from Kunal furniture store(Total Amt.
Rs. 65,000) Paid only Rs. 25,000.

2. Depreciation 7% on machinery.

3. Paid commission Rs. 7,500

4. Paid charity Amount Rs. 10,000 by cheque.

5. Withdraw cash Rs. 4,00,000 from bank to office use.

6. Paid office rent Rs. 40,000 by cheque.

7. Withdraw cash Rs. 20,000 from bank to personal use.

8. Receive rent Amount Rs. 25,000

9. Paid newspaper expenses Rs. 1,500

10. Deposited cash Rs. 3,00,000 in bank a/c

11. Received bad debts Rs. 65,000

12. Deposited cash Rs. 2,00,000 in bank a/c

13. Depreciation 5% on furniture.

14. Paid wages Rs. 5,000

15. Paid advance to travel agent Rs. 6,500

16. Receive bad debts Rs. 75,000 by cheque

17. Paid advance salary Rs. 17,000

18. Receive cheque Rs. 60,000 from Mr. Ravi

WORKSHOP - I
Journal, Contra, Payment, Receipt, Sales, Purchase
COMPANY NAME: Subhash General Store
INVENTORY ITEM DETAILS
Item name Brand/Company Units Quantity Price Sales
Price
Toothpaste Dabur Red Piece 650 40 45
Washing Surf Excel Pouch 750 9 10
Powder
Hair Oil Bajaj Almond Bottle 400 50 55
Bath Soap Dove Piece 400 70 75
Maggi Nestle Packet 550 10 12
Sugar Mawana Packet 650 110 115

CREATE/ALTER LEDGERS
Cash a/c (Amount Rs. 6,00,000)
Bank a/c (Amount Rs. 20,00,000)
Counting machine (Amount Rs. 60,000)
Bad Debts (Amount Rs. 65,000)

ACCOUNTING VOUCHERS
1. Sold goods for cash (4 Toothpaste, 5 Washing Powder)

2. Repair old furniture a/c (Amount Rs. 4500)

3. Purchase goods on credit (250 Hair Oils, 300 Bath

Soap) From Aggarwal & Sons.

4. Paid Miscellaneous expense Rs. 6,000

5. Depreciation 6.5% on counting machine.

6. Withdraw Rs. 20,000 from bank to personal use.

7. Receipt bad debts 45% of total bad debts by cheque.

8. Sold goods on credit (150 Bath soap, 165 ToothPaste)

To Amit Medicos.

9. Recieve Cheque Rs. 12,000 from Amit Medicos.

10. Receive commission Rs. 4,000 by cheque.

11. Paid 20,000 To Aggarwal & sons by cheque.

12. Sold goods for cash (20 Packet Mawana sugar, 25

Package Maggi)

13. Recieve remaining amount from Amit Medicos.

14. Withdraw cash Rs. 4,00,000 from bank to office use.

15. Purchase goods on credit (50 Btl. Oil, 20 Btl. Juice)

from Sunil & Sons

16. Paid wages & salary Rs. 8,000

17. Paid remaining amount to Aggarwal & sons by

cheque.

18. Received remaining bad debts.

WORKSHOP - II
Discount Entries with (Sales & Purchase)

Company Name: Shubham Electronics Pvt. Ltd.

INVENTORY ITEM DETAILS

Stock item Company name Quantity Price Sales Price
Refrigerator Godrej 40 17000 18000
Card reader Quantum 250 150 200
FM Radio Lenco 40 1200 1400
DVD Player Panasonic 400 4000 4500
Speaker Dell 200 1500 1650

CREATE/ALTER LEDGERS
Opening balance Rs. 14,50,000
Cash at bank Rs. 17,00,000
Machinery A/c (Amount Rs. 75,000)

ACCOUNTING VOUCHERS
1. Sold goods for cash (2 Refrigerator) with 2% discount

2. Purchase furniture by cash Rs. 15,000

3. Deposit cash Rs. 70,000 in bank

4. Receive cheque Rs. 25,000 from Mr. Ravi

5. Purchase goods on credit from Krishan & sons (10 FM
Radio & 20 DVD Player)

6. Newspaper expenses Rs. 500

7. Depreciation 5% on machinery

8. Withdraw cash Rs. 20,000 from bank to personal use.

9. Purchase goods by cash (20 Speakers & 70 Card

reader) with 5% discount.

10. Purchase goods by cash (100 FM Radio) payment

made by cheque

11. Paid advance salary to Dinesh 14,000

12. Paid office Rent Rs. 15000

13. Withdraw cash Rs. 60,000 from bank to office use.

14. Purchase Sofa Set from Manish furniture store (Amt.

Rs. 40,000) paid 12,000

15. Receive commission Rs. 35,000 by cheque.

WORKSHOP - III
Journal, Contra, Payment, Receipt, Sales, Purchase,
Credit Note, Debit Note
COMPANY NAME: Khadi General Store

INVENTORY ITEM DETAILS

Item Brand/Company Units Quantity Price Sales
name Price
Shampoo Khadi Pouch 500 5 7
Juice Aloe-Vera Liter 50 200 225
Oil Almond Bottle 60 250 260
Soap Khadi Piece 150 50 55

CREATE/ALTER LEDGERS
Cash a/c (Amount Rs. 5,00,000)
Bank a/c (Amount Rs. 12,50,000)
Machinery a/c (Amount Rs. 75,000)
Furniture a/c (Amount Rs. 40,000)

ACCOUNTING VOUCHERS
1. Sold goods for cash (50 Shampoo pouch)

2. Purchase furniture for office use by cash (Rs. 25,000)

3. Purchase goods by cash (200 Pouch Shampoo, 250

Soap)

4. Return defected purchased goods (25 Soap)

5. Depreciation 7% on furniture

6. Withdraw Rs. 2,00,000 from bank to office use.

7. Repair old machinery Rs. 2,000

8. Sold goods for cash (50 Soap, 70 Shampoo pouch)

9. Return defected sold goods (10 Soap, 15 Shampoo

pouch)

10. Receive commission Rs. 4,000

11. Depreciation 5% on machinery

12. Paid wages & salary Rs. 7,000

13. Sold goods on credit (25 Bottle Aloe Vera Juice, 40

Soap) to Mr. Mahesh

14. Return defected sold goods (5 Aloe Vera, 12 Soap)

15. Purchase goods on credit (50 Btl. Oil, 20 Btl. Juice)

from Sunil & Sons

16. Return purchased goods (15 Btl. Oil)

 PAYROLL PRACTICE QUESTIONS IN
TALLY

Company Name: ATX Manpower Consultancy

Ledger Entries
Cash in hand Rs. 17,00,000
Cash Rs. Bank Rs. 40,00,000
Employee Details
Emp. Name Dept. Function Address
No.
101 Gautam Admin Management Karol Bagh
Kumar (New Delhi)
102 Suresh DEO Data entry Rohini
(New Delhi)
103 Amit DEO Data entry Alipur (New
Delhi)
104 Dinesh Sales Sales Rohini
manager (New Delhi)
105 Priyanka Sales Sales Rajender
manager Nagar (New
Delhi)
106 Sunil Marketing Sales Alipur (New
Kumar promotion Delhi)
107 Sujeet Manager Management Rajender
Nagar (New
Delhi)
108 Ravinder Superwiser Controlling Rajender
Jain Nagar (New
Delhi)

Attendance Voucher
Emp. Present Absent Overtime
No. (Days) (Days) (Hours)
101 30 0 05
102 28 2 70
103 27 3 45
104 29 1 60
105 29 1 65
106 28 2 0
107 26 4 120
108 27 2 135
Payroll Voucher
Salary HRA 15% DA 10% TA 8% PF 12.5 ESI 2%
35000 Yes Yes Yes Yes Yes
12500 Yes No Yes Yes Yes
13000 Yes No Yes Yes Yes
22000 Yes No Yes Yes Yes
25000 Yes Yes Yes Yes Yes
14000 NO NO YES YES YES
32000 YES NO NO YES YES
22000 YES YES YES YES YES
 TALLY PRACTICAL QUESTIONS
DIRECT TAXES

TCS AND TDS

Company name: Jain Brothers

Inventory Items
Item Category/Group Quantity Price Sales
name Price
Scrap Plastic 60,000 (Kilo 15 20
(P) gram)
Almira Utsav 25,000 10,000 12,000
(Pieces)
Timber Logs 1,20,000 40 50
(Pieces)

Ledger Entries
Cash in hand Rs. 7,00,000

Cash at bank Rs. 35,00,000

Machinery A/c (Total amount Rs. 2,25,000)

Ceiling Fans a/c (Total amount Rs. 65,000)

Voucher Entries

1. Sold (2,000 pieces timber) to Ritesh furniture store with

TCS
2. Paid 80,000 to Mahesh transporter with TDS (TDS
Category: Payment to Transporters)
3. Sold goods (20 Almira) with 4% discount
4. Paid Rs. 40,000 To Heritage technical service with TDS
5. Sold goods to Mr. mahesh (500 PCs timber, 5,000 kg
Scrap) with TCS.
6. Paid factory rent Rs. 1,82,000 by cheque to Kunal Plant
and machinery with TDS.
7. Sold goods for cash (40 Almira, 100 Timber) 2 discount.
8. Return defected sold goods (5 Almira)

9. Depreciation 5% on Ceiling Fan.

10. Sold goods (1,000 kg. Scrap, 2,000 PCs timer) to Mr.
Ritesh with TCS.
11. Paid commission Rs. 10,000 by cheque to Kartik &
Sons with TDS.

12. Purchase goods on credit from Umesh & Sons (2,500

Almira) with 2% discount.

13. Return defected purchased goods (50 Almira)

14. Depreciation 7.5% on machinery.