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Tally Practical

The document provides a series of transactions conducted by Ajmal Khan throughout the month of April 2021. Some key events include: 1) Ajmal Khan commenced business with cash of Rs. 1000, bank balance of Rs. 3000, and furniture & fittings of Rs. 2000. 2) Ajmal Khan took a loan of Rs. 3000 from Begum Akhtar and deposited it in the bank. Goods were sold to various customers on credit and cash was deposited in the bank. 3) Throughout the month, Ajmal Khan purchased inventory on credit and cash, sold more goods to customers, received payments and made payments to suppliers. 4) By the end of April, a trial balance needs

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Archana Dey
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312 views5 pages

Tally Practical

The document provides a series of transactions conducted by Ajmal Khan throughout the month of April 2021. Some key events include: 1) Ajmal Khan commenced business with cash of Rs. 1000, bank balance of Rs. 3000, and furniture & fittings of Rs. 2000. 2) Ajmal Khan took a loan of Rs. 3000 from Begum Akhtar and deposited it in the bank. Goods were sold to various customers on credit and cash was deposited in the bank. 3) Throughout the month, Ajmal Khan purchased inventory on credit and cash, sold more goods to customers, received payments and made payments to suppliers. 4) By the end of April, a trial balance needs

Uploaded by

Archana Dey
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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NEiit-A, Sonari Branch

TALLY PRACTICAL QUESTION PAPER.


YEAR OF 2021-2022

 Create a company M/s Albert & Brothers’ for the year 01.04.2021 and books
beginning from 01.05.2021 and pass the transactions considering the following
2021.

1. Albert starts business with Rs.50, 000.00. He opens a bank account and deposits
Rs.20, 000.00.
2. Bought furniture for Rs. 5,000.00, Machinery for Rs. 11,000.00.
3. Purchased goods for Rs.14000.00
4. Sold goods for Rs.8000.00
5. Purchased goods from Malhotra & Co. Rs. 11,000.00
6. Paid telephone rent for the year by cheque Rs. 500.00
7. Bought one Typewriter for Rs.2100.00 from ‘Universal Typewriter Co.’ on
credit.
8. Sold goods to Keshav Ram for Rs.12000.00
9. Sold goods to Rajesh Kumar for Rs.2000.00 cash.
10.Amount withdrawn from bank for personal use Rs.1500.00
11.Received cash from Keshav Ram Rs.11,900.00 and discount allowed Rs.100.00
12.Paid into bank Rs.5800.00
13.Bought 50 Shares in XYZ Limited & Co.Ltd. At Rs. 60 per shares, brokerage
paid Rs.20.00
14.Goods worth Rs. 1000.00 found defective were returned to Malhotra & Co. and
balance of the amount due to them settled by issuing a cheque in their favour.
15.Sold 20 shares of XYZ & co Ltd. At Rs. 65 per shares, brokerage paid Rs. 20
16.Bought goods wroth Rs. 2100 from Ramesh and supplied them to Suresh at Rs.
3000.
17.Suresh returned goods worth Rs. 100 which in turn were sent to Ramesh.
18.Issued a cheque for Rs. 1000 in favour of landlord for rent.
19.Paid salaries to staff Rs. 1500 & received travelling salesman Rs. 2000 for
goods sold by him, Travelling expenses Rs. 100.

 Create a company with Smith International and student code (ID). Financial year 2021-
2022 address Charaideo, Assam.
NEiit-A, Sonari Branch
TALLY PRACTICAL QUESTION PAPER.
YEAR OF 2021-2022
1. Create following ledgers:-
a) Security Premium 145000.00
b) Loan to Mr. Ajoy 365000.00
c) Union Bank Account 175000.00
d) M/s Gangaram (Cr.) 85000.00
e) Cash-in-hand 80000.00
f) Machinery 180000.00
g) Capital remaining balances.
2. Company paid advance salary to Mr. Rakesh Kumar Rathor @ 8000.00
on 01-05-21 by cash.
3. On 01-06-21 company paid salary Rs. 12000.00, after adjustment of
advance salary by cheque.
4. Company Invest Rs.52000.00 in to Tata Co. Share on 02-06-2021 by
cheque.
5. On 1st July company sold machinery for Rs. 175000.00 after depreciation
@ 10% per annum for 3 months by cheque.
6. Purchases goods on credit from Kishanlal Sharma @ 720.00 ---------

Kishnlalsharma PUR/KS/10045
Charaideo,Sonari,Assam
Particulars Amount
a. Printing Paper 450.00
b. Stapler Pin 120.00
c. Pen 150.00

Total 720.00

Amount INR seven hundred and twenty rupees only


(N.B : Maintain cost Centre & cost categories)

7. Commission paid to Mr. Sandeep; Mr. Arun; Mr. Partha an amount of 46000.00 –
as per 30%, 32%, 38%.
(Maintain cost Centre & cost Centre pre-define)
NEiit-A, Sonari Branch
TALLY PRACTICAL QUESTION PAPER.
YEAR OF 2021-2022
NEiit-A, Sonari Branch
TALLY PRACTICAL QUESTION PAPER.
YEAR OF 2021-2022
Journalese the following transaction:
Illustration:
On 1st April 2021, Ajmal Khan commenced business with:
Cash…………………………………………… 1000.00
Bank…………………………………………… 3000.00
Furniture & Fittings………………….... 2000.00

The following transactions took place during the month:

Month & Date Particulars


Year
April,2021 1 Mr. Ajmal Khan took a loan of Rs.3000.00 from Begum Akhtar and
deposited the same into bank. Withdrew Rs. 300.00 from bank for petty
cash purposes. Sold Yash goods on credit Rs. 1000.00. Paid by cheque
as security deposit for obtaining electricity connection Rs.40.00
3 Sold goods to Lalji on credit Rs. 600.00
5 Sold goods to Qureshi for cash Rs. 340.00, paid direct into bank on the
same day.
6 Sold goods to Yash on credit Rs. 800.00
8 Yash returned goods to the value Rs. 100.00
12 Purchases Typewriter (Second Hand) by cheque Rs. 240.00
13 Received cheque from Yash in payment for goods purchased on 1st
April less 10% cash discount paid into bank.
14 Bought goods on credit from Dayal Rs. 2400.00. Paid wages by cash
Rs. 100.00
15 Bought goods from Gurinder Rs. 3000.00 less 10% trade discount.
18 Lalji pays cash Rs. 600.00, and he same deposited into bank.
20 Returned goods to Gurinber Rs. 1000.00 (List price).
23 Ajmal Khan drew out of bank Rs. 800.00 to pay premium on his life
policy. He was allowed 2.5% commissions by insurance company. Net
premium was paid in cash, balance retained in business.
25 Bought goods by cheque from Rajender Rs. 300.00
26 Withdrew goods from stock of Rs. 300.00 goods for private purpose.
Sold goods to Lalji on credit Rs.400.00
27 Paid Begum Akhtar Rs. 200.00 cheque on account of loan plus Rs.
40.00 for interest.
28 Paid electricity bill for the month by cheque Rs. 20.00, Received from
Lalji cheque for Rs. 380.00 in full and final settlement of his account,
and the same deposited into bank.
30 Lalji’s cheque dishonored and debit written off as bad debt. Acquired
NEiit-A, Sonari Branch
TALLY PRACTICAL QUESTION PAPER.
YEAR OF 2021-2022
second hand car in exchange for furniture Rs. 100.00, goods Rs. 160.00
and cheque Rs. 2200.00
As the end of month the expenses paid out of cash were Sunday expenses Rs. 60.00
carriage Rs. 80.00. Write up the books and prepare trial balances as at 30th April, 2021.

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