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Tally Question For Lab

Mr. Raj started a business with Rs. 500,000 cash. He purchased furniture, machines, and inventory from various suppliers and sold inventory to customers, collecting sales tax. He paid suppliers and expenses like salary and rent. Mr. Sahil started a business with Rs. 500,000 cash. He purchased inventory from two suppliers on credit and sold inventory to customers. He paid expenses like carriage, bills, advertisement, salary, rent, and purchased additional inventory on credit. Laxmi started a business called "Computics" with Rs. 300,000 cash. He deposited funds in a bank and withdrew cash. He purchased and sold inventory on credit from suppliers and to customers. He paid expenses like

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78 views2 pages

Tally Question For Lab

Mr. Raj started a business with Rs. 500,000 cash. He purchased furniture, machines, and inventory from various suppliers and sold inventory to customers, collecting sales tax. He paid suppliers and expenses like salary and rent. Mr. Sahil started a business with Rs. 500,000 cash. He purchased inventory from two suppliers on credit and sold inventory to customers. He paid expenses like carriage, bills, advertisement, salary, rent, and purchased additional inventory on credit. Laxmi started a business called "Computics" with Rs. 300,000 cash. He deposited funds in a bank and withdrew cash. He purchased and sold inventory on credit from suppliers and to customers. He paid expenses like

Uploaded by

LAXMI COMPUTERS
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Create Ledger

Question  1

 Mr. Raj started business with cash Rs. 500000


 Purchased Furniture Rs. 20000
 Purchased Machine Rs. 20000
 Purchased 10 pcs Intel motherboard @ 5000 each from Ram & co.
 Purchased 10 pcs Hp Laptop @ 20000 each from cash.
 Sold 10 pcs Intel motherboard @ 6000 each to cash + sales tax 10%
 Sold 10 pcs Hp Laptop @ 25000 each to Ranjeet & co. + sales tax 10%
 Paid cash to Ram & co. 50000
 Received cash from Ranjeet & co. 275000
 Paid Salary 1000 and Rent 1500
Question  2

 Mr Sahil started business with cash Rs. 500000


 Mr. Sahil Purchased following items from A2Z Traders on credit
Items Quantity in pieces Rate per pieces
High Capacity Stabilisers 100 600
Low capacity stabilisers 100 400
Open well pumps 50 1500
Submersible pumps 100 2000

 Paid carriage on purchases 200


 Mr. Sahil again purchased following items from Rel. Tech. Services on
credit

Items Quantity in pieces Rate per pieces


Monitor 15 9000
UPS 15 1000

 Paid Telephone bill 50


 MR. Sahil sold following items to Sinha & Co.

Items Quantity in pieces Rate per pieces


High Capacity Stabilisers 100 800
Low capacity stabilisers 100 600
Open well pumps 50 1700
Submersible pumps 100 2200
 Paid Advertisement bill 200
 Mr. Sahil again sold following items to Lg Groups

Items Quantity in pieces Rate per pieces


Monitor 15 15000
UPS 15 1500
 Paid Electric bill 100
 Paid Salary 1000
 Paid Rent 1500

Question  3

 Laxmi started “Computics.” by bringing Capital Rs.3,00,000/- Cash.


 He deposited Rs.1,00,000/- cash at ICICI bank.
 He paid electricity bill for Rs.1,200/- by cash.
 He withdrawn Rs.10,000/- cash from ICICI bank.
 He purchased the following item from Computer Lab. Ltd. on credit.
o Lenovo G50 Laptop -- 10 pcs -- @ 20000/- each
 He sold the following item to Somnath Traders on credit.
o Lenovo G50 -- 5 pcs -- @ 25000/- each
 He paid House Rent for Rs.2,000/- by cash
 He purchased furniture for Rs.25,000/- by cash for office use.

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