EXECUTION (TALLY)

Create cost centers Mumbai and Pune under primary cost category and record the
following transaction in the books of Universal co. Limited
a. On 05-10-2014, purchases done worth Rs. 2, 50,000/- from Hindustan Unilever Ltd.
That will be shared equally between Mumbai and Pune.
b. Record transaction on 09-10-2014 for the purchase worth Rs. 600000 from
Hindustan Unilever Ltd. Allocate Rs. 250000 to Mumbai and the rest to Pune. . a
credit period of 45 days was allowed.

Record the following transaction in the books of Universal Co. Ltd.

a. On May 11, 2014 they received a bill no. May /005/2014 for a sum of Rs. 125000/-
from M/s. Rajesh shah and Co., architects for consultancy towards designing their
office and training centre.
b. Universal company Ltd. Made the payment after deducting the TDS amount.
c. On 27th May 2014, company received bills no May/015/2014 for a sum of Rs. 75000
from M/s Rajesh shah and co., architects for consultancy.
d. On 28th May, company made the payment after deducting TDS.

Journalize the following Transaction in the books of Mr. Anil for the month of March
2012 and prepare Trial balance
March 2010 Particular Amt
1 Start business with cash 80000
2 Purchase goods for cash 5000
3 Purchase goods from Akash 9000
5 Sold goods to Vikas 7000
6 Return goods to Akash 700
9 Goods return by Vikash 400
11 Cash paid to Raman 4000
17 Withdrew from Bank 10000
20 Wage paid 1000

Akhilesh started his business on 1st Jan. 2012 with Rs.5000, his transaction for the
month were as following, prepare Cash A/C.
January 2012 Particular Amt
1 Bought goods on credit from Sachine & Sons 5000
5 Paid salary 500
10 Sold to Roy 2000
15 Cash sales 2200
19 Cash Purchase 3000
25 Deposit in Bank 1000
27 Goods returned to Sachine & Sons 500
31 Cash Withdrawn by Akhilesh for personal use 500
12. Journalize the following transactions in the books of Sudhir Kumar 2003 and
prepare a Trial Balance :
Jan 2003 Particular Amt
1 Sudhir Commenced business with cash 40000
3 Purchased goods for cash 500
5 Sold goods for cash 300
6 Purchased one Motor Car for cash 15000
9 Sold Machinery for cash 9000
11 Purchased a Building on credit from Narendra 20000
15 Sold Furniture on credit to Randhir Kappor 9500
17 Paid Cartage 110
22 Received Commission 50
27 Cash Sales 1200
29 Cash Purchase 600
30 Received on account from Ahmed 350
3
31 Paid cash to Sunitkumar on account 190

13. Journalize the following transactions in the books of Royal & Co. and prepare a Trial
Balance :
Nov. 2003 Particular Amt
1 Cash invested in Business 150000
2 Cash deposited In to SBI Current A/C 30000
3 Goods Purchased in cash 20000
4 Goods Sold in cash 12000
5 Commission received Rs. 500 from Sushma Traders
6 Goods Sold on credit to Roshan 25000
7 Goods return from Roshan 5000
8 Depreciation charged on Machine @ 12% for four month
Machine Cost 45000
10 Cheque received from Roshan 10000
11 Salary Paid 1500

14. Journalize the following transaction in the books of Sanjay Potdar for the month of
March 2012.
1. Ashok starts business with Rs. 100000/-
2. Purchase machinery for Rs. 50000/ and furniture for Rs. 10000
3. Paid amount for rent Rs. 1000/
4. Deposits Rs,. 10000/- in Bank
5. Purchase of goods for Rs. 20000/ from Mr. Ram on credit.
6. Sold goods to Mr. Rakesh for Rs. 10000/
7. Rs. 5000/ withdraws from bank for personal use.
8. Withdraws Rs. 1000/ for office use.
9. Received cash from Mr. Rakesh.
10. Paid to Mr. Ram.